10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-040065`
Period End Date	20140331
Filing Date	20140519
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	gnk-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 44 Cash Flow Statement 49 Stockholders Equity 19 Comprehensive Income 14

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$632.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$686.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.05M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$730.66M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$764.49M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.85M	USD	Point-in-time
Due from charterers, net of a reserve of $686 and $632, respectively	`AccountsReceivableNetCurrent`	$11.44M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$9.51M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$11.11M	USD	Point-in-time
Due from charterers, net of a reserve of $686 and $632, respectively	`AccountsReceivableNetCurrent`	$14.24M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$24.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.27M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$22.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.07M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.44M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$165.88M	USD	Point-in-time
Vessels, net of accumulated depreciation of $764,491 and $730,662, respectively	`VesselsNet`	$2.64B	USD	Point-in-time
Vessels, net of accumulated depreciation of $764,491 and $730,662, respectively	`VesselsNet`	$2.67B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$17.18M	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$1.01M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,512 and $11,107, respectively	`DeferredDrydockCostsNet`	$11.07M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $9,512 and $11,107, respectively	`DeferredDrydockCostsNet`	$14.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred financing costs, net of accumulated amortization of $24,498 and $22,279, respectively	`DeferredFinanceCostsNoncurrentNet`	$20.05M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $24,498 and $22,279, respectively	`DeferredFinanceCostsNoncurrentNet`	$22.01M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,653 and $3,438, respectively	`PropertyPlantAndEquipmentNet`	$5.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.45M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,653 and $3,438, respectively	`PropertyPlantAndEquipmentNet`	$4.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.45M	shares	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.45M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	44.45M	shares	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`	$300.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$77.57M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$63.35M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.76B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.79B	USD	Point-in-time
Total assets	`Assets`	$2.96B	USD	Point-in-time
Total assets	`Assets`	$2.90B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.36M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.60M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$1.32B	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
Current interest payable	`InterestPayableCurrent`	$13.20M	USD	Point-in-time
Convertible senior note payable	`ConvertibleNotesPayableCurrent`	$117.18M	USD	Point-in-time
Convertible senior note payable	`ConvertibleNotesPayableCurrent`	$115.88M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.60M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.59M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$168.00K	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$176.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$6.97M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$5.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$3.11M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$3.22M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$35.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$84.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$163.62M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$162.56M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$166.82M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$165.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.65B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.65B	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 44,449,407 shares at March 31, 2014 and December 31, 2013	`CommonStockValue`	$445.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,449,407 shares at March 31, 2014 and December 31, 2013	`CommonStockValue`	$445.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$846.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$847.18M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.73M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.54M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$967.47M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$915.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$341.34M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$337.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.90B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.96B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$39.68M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$63.18M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$810.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$810.00K	USD	1 Quarter
Total revenues	`Revenues`	$63.99M	USD	1 Quarter
Total revenues	`Revenues`	$40.49M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.27M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.96M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.12M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$31.22M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$15.38M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$84.76M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$70.96M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-30.47M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-20.77M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-57.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$20.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.02M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.25M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.06M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-41.83M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$224.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$412.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-42.24M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.13M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.79M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-48.16M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-39.10M	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.12	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.90	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.90	USD	1 Quarter
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.12	USD	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.57M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.16M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.57M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.16M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-42.24M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.38M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.22M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.83M	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$132.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$49.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.18M	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.30M	USD	1 Quarter
Unrealized loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-4.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.23M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.39M	USD	1 Quarter
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.80M	USD	1 Quarter
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$427.00K	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.18M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$7.21M	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.56M	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-9.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-236.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$125.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$100.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-1.28M	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-5.67M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-17.37M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.60M	USD	1 Quarter
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$17.62M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$179.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.00K	USD	1 Quarter
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$125.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.92M	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$172.00K	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$1.53M	USD	1 Quarter
Payment of common stock issuance costs by subsidiary	`PaymentsOfStockIssuanceCostsOfMinorityShareholders`	$106.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$88.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.79M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-172.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-30.31M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-17.55M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	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`	$55.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	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`	$55.05M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Forfeiture of shares of nonvested stock	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod`	6,750.00	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.22B	USD	Point-in-time
Net loss	`ProfitLoss`	$-42.24M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.21M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.30M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.23M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.23M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.39M	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$172.00K	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$1.53M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.22B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-42.24M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.60M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-14.21M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.30M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.23M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$11.90M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-12.99M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-40.05M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-55.23M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.13M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.79M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-52.09M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-36.26M	USD	1 Quarter

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