10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-062320`
Period End Date	20130630
Filing Date	20130809
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	gnk-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 89 Cash Flow Statement 63 Stockholders Equity 31 Comprehensive Income 28

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$408.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$488.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$663.05M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$597.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$8.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$10.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.85M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$16.85M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$13.16M	USD	Point-in-time
Due from charterers, net of a reserve of $408 and $488, respectively	`AccountsReceivableNetCurrent`	$10.95M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.77M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.31M	USD	Point-in-time
Due from charterers, net of a reserve of $408 and $488, respectively	`AccountsReceivableNetCurrent`	$11.71M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.15M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.05M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$111.40M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$102.46M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.46M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.27M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.27M	shares	Point-in-time
Vessels, net of accumulated depreciation of $663,055 and $597,214, respectively	`VesselsNet`	$2.60B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.46M	shares	Point-in-time
Vessels, net of accumulated depreciation of $663,055 and $597,214, respectively	`VesselsNet`	$2.66B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $10,403 and $8,086, respectively	`DeferredDrydockCostsNet`	$12.04M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $10,403 and $8,086, respectively	`DeferredDrydockCostsNet`	$10.63M	USD	Point-in-time
Other assets, net of accumulated amortization of $16,853 and $13,162, respectively	`DeferredFinanceCostsNoncurrentNet`	$29.56M	USD	Point-in-time
Other assets, net of accumulated amortization of $16,853 and $13,162, respectively	`DeferredFinanceCostsNoncurrentNet`	$25.87M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,765 and $3,311, respectively	`PropertyPlantAndEquipmentNet`	$5.26M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,765 and $3,311, respectively	`PropertyPlantAndEquipmentNet`	$5.01M	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$300.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$10.15M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$27.32M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$20.99M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.74B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.67B	USD	Point-in-time
Total assets	`Assets`	$2.84B	USD	Point-in-time
Total assets	`Assets`	$2.78B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.63M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$23.67M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$1.31B	USD	Point-in-time
Current interest payable	`InterestPayableCurrent`	$13.20M	USD	Point-in-time
Convertible senior note payable	`ConvertibleNotesPayableCurrent`	$113.31M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.32M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.34M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$682.00K	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$444.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$7.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$11.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.68M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.83M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.46M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$185.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$418.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$16.05M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$110.92M	USD	Point-in-time
Long-term interest payable	`InterestPayableNoncurrent`	$13.20M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$102.25M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.41B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.56B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$105.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,461,157 and 44,270,273 shares at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$443.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,461,157 and 44,270,273 shares at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$445.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$863.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$855.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-827.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$120.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$214.39M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$976.32M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$218.60M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$194.91M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.78B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.84B	USD	Point-in-time

Income Statement 89 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$121.14M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$44.94M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$84.62M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$62.11M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$1.63M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$1.64M	USD	2 Qtrs
Total revenues	`Revenues`	$62.93M	USD	1 Quarter
Total revenues	`Revenues`	$45.76M	USD	1 Quarter
Total revenues	`Revenues`	$86.25M	USD	2 Qtrs
Total revenues	`Revenues`	$122.78M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$4.14M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$2.87M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$2.40M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$995.00K	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$57.35M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$26.77M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$53.88M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$29.52M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.36M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.48M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$17.06M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$16.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.92M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$143.80M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$145.73M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$72.83M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$73.36M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-57.55M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-10.43M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-22.95M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-27.07M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$20.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$4.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-33.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$303.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$34.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$148.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$43.61M	USD	2 Qtrs
Interest expense	`InterestExpense`	$19.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.84M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-19.72M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.57M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-43.31M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-42.82M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-66.26M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-30.15M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-100.37M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-48.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$615.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$343.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$294.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$518.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.36M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.75M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.57M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-45.37M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-60.84M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.74M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-93.53M	USD	2 Qtrs
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-2.17	USD	2 Qtrs
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.05	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.50	USD	2 Qtrs
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.65	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.05	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.50	USD	2 Qtrs
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.17	USD	2 Qtrs
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.65	USD	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.88M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.48M	shares	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.20M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.18M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.48M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.18M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.88M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.20M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.92M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.69M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.96M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.86M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$979.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$100.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$185.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$233.00K	USD	2 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$371.00K	USD	2 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$2.39M	USD	2 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$2.19M	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$46.00K	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-5.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.38M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$3.12M	USD	2 Qtrs
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-768.00K	USD	2 Qtrs
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.73M	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-391.00K	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.90M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.69M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.91M	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$13.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-960.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$125.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$607.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-7.19M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-1.40M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-25.27M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$558.00K	USD	2 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$814.00K	USD	2 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$54.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$195.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-249.00K	USD	2 Qtrs
Proceeds on the 2010 Baltic Trading Credit Facility	`ProceedsFromLinesOfCredit`	$1.00M	USD	2 Qtrs
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$12.50M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.72M	USD	2 Qtrs
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$847.00K	USD	2 Qtrs
Proceeds from issuance of common stock by subsidiary	`ProceedsFromMinorityShareholders`	$21.84M	USD	2 Qtrs
Payment of common stock issuance costs by subsidiary	`PaymentsOfStockIssuanceCostsOfMinorityShareholders`	$17.00K	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$347.00K	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$3.06M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$175.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.47M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$20.14M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$18.05M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.04M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	2 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	2 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	200,634.00	shares	2 Qtrs
Forfeiture of shares of nonvested stock	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod`	9,750.00	shares	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Net loss	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.90M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.92M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.33M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.28M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.12M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.87M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.69M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.39M	USD	1 Quarter
Issuance of 200,634 shares and 15,000 of nonvested stock, for the six months ended June 30, 2013 and 2012 respectively, less forfeitures of 9,750 shares for the six months ended June 30, 2013	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	2 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.12M	USD	2 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.38M	USD	2 Qtrs
Issuance of common stock of Baltic Trading Limited	`MinorityInterestIncreaseFromStockIssuance`	$21.56M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$3.06M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$347.00K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.90M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.92M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.33M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.28M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.12M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.87M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.69M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.39M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-890.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$11.01M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.78M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$7.79M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.09M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-89.88M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-33.27M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-49.83M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.57M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-7.36M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.75M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-30.52M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-53.05M	USD	2 Qtrs
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-82.52M	USD	2 Qtrs
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-46.26M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.