10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-061411`
Period End Date	20140630
Filing Date	20140815
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	gnk-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 94 Cash Flow Statement 61 Stockholders Equity 27 Comprehensive Income 28

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.72M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$632.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$639.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$730.66M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.85M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$799.02M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$11.11M	USD	Point-in-time
Due from charterers, net of a reserve of $639 and $632, respectively	`AccountsReceivableNetCurrent`	$12.00M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$10.66M	USD	Point-in-time
Due from charterers, net of a reserve of $639 and $632, respectively	`AccountsReceivableNetCurrent`	$14.24M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$26.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.31M	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
Total current assets	`AssetsCurrent`	$165.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.01M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.44M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.87M	USD	Point-in-time
Vessels, net of accumulated depreciation of $799,020 and $730,662, respectively	`VesselsNet`	$2.61B	USD	Point-in-time
Vessels, net of accumulated depreciation of $799,020 and $730,662, respectively	`VesselsNet`	$2.67B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$28.63M	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$1.01M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $10,665 and $11,107, respectively	`DeferredDrydockCostsNet`	$16.77M	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 $10,665 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 financing costs, net of accumulated amortization of $26,570 and $22,279, respectively	`DeferredFinanceCostsNoncurrentNet`	$22.01M	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 $26,570 and $22,279, respectively	`DeferredFinanceCostsNoncurrentNet`	$18.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	44.45M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,873 and $3,438, respectively	`PropertyPlantAndEquipmentNet`	$4.05M	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 $3,873 and $3,438, respectively	`PropertyPlantAndEquipmentNet`	$5.10M	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
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`	$49.62M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.73B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.79B	USD	Point-in-time
Total assets	`Assets`	$2.83B	USD	Point-in-time
Total assets	`Assets`	$2.96B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$39.53M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.36M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$1.32B	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$4.25M	USD	Point-in-time
Current interest payable	`InterestPayableCurrent`	$13.20M	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`	$1.15M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquiredCurrent`	$17.00K	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
Total current liabilities not subject to compromise:	`LiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities not subject to compromise:	`LiabilitiesCurrent`	$44.95M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$3.11M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$2.66M	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`	$161.50M	USD	Point-in-time
Total noncurrent liabilities not subject to compromise	`LiabilitiesNoncurrent`	$166.82M	USD	Point-in-time
Total noncurrent liabilities not subject to compromise	`LiabilitiesNoncurrent`	$164.16M	USD	Point-in-time
Total liabilities subject to compromise	`LiabilitiesSubjectToCompromise`	$1.44B	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 June 30, 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 June 30, 2014 and December 31, 2013	`CommonStockValue`	$445.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$847.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$846.66M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.72M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.73M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.84M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$28.08M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-827.00K	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$66.64M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$-32.99M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$843.08M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$967.47M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$341.34M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$332.93M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.96B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.83B	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$114.72M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$51.55M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$44.94M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$84.62M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$1.63M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$1.63M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Total revenues	`Revenues`	$52.36M	USD	1 Quarter
Total revenues	`Revenues`	$86.25M	USD	2 Qtrs
Total revenues	`Revenues`	$45.76M	USD	1 Quarter
Total revenues	`Revenues`	$116.35M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$4.14M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$1.98M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$3.94M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$2.87M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$53.88M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$61.77M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$26.77M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$30.55M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$16.67M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.48M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$25.23M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$9.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.54M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$78.92M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$72.83M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$163.67M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$143.80M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-57.55M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-26.55M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-27.07M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-47.32M	USD	2 Qtrs
Other expense	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingIncomeExpense`	$-107.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingIncomeExpense`	$-33.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-50.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$34.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$45.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$25.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$39.53M	USD	2 Qtrs
Interest expense	`InterestExpense`	$18.51M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.84M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-39.59M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-21.57M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-18.54M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-42.82M	USD	2 Qtrs
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-45.09M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-48.65M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-100.37M	USD	2 Qtrs
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-86.91M	USD	2 Qtrs
Reorganization items, net	`ReorganizationItems`	$20.11M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$20.11M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-65.19M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-107.02M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-48.65M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-100.37M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$364.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$518.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$294.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$777.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-65.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-107.80M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.03M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.36M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.57M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.17M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-99.63M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-93.53M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-45.37M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-60.52M	USD	1 Quarter
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`	$-2.29	USD	2 Qtrs
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.39	USD	1 Quarter
Net loss per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-2.17	USD	2 Qtrs
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.39	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`	$-2.29	USD	2 Qtrs
Net loss per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.17	USD	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.18M	shares	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.57M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.20M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.57M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.57M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.18M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.57M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.20M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-65.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-107.80M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.54M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.69M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.86M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$4.29M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.07M	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$18.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$233.00K	USD	2 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$67.00K	USD	2 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$100.00K	USD	1 Quarter
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.59M	USD	2 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$2.39M	USD	2 Qtrs
Interest expense related to the de-designation of the interest rate swap	`InterestExpenseRelatedToDeDesignationOfInterestRateSwap`	$953.00K	USD	2 Qtrs
Unrealized loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-5.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.69M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.38M	USD	2 Qtrs
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.24M	USD	2 Qtrs
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-768.00K	USD	2 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.90M	USD	2 Qtrs
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$4.23M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.69M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.06M	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$13.00K	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-446.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$197.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$125.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-9.29M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-1.40M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-25.27M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-23.06M	USD	2 Qtrs
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$29.79M	USD	2 Qtrs
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$54.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$195.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$391.00K	USD	2 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$125.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.31M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-249.00K	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$2.05M	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$347.00K	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	`PaymentsOfStockIssuanceCosts`	$17.00K	USD	2 Qtrs
Payment of common stock issuance costs by subsidiary	`PaymentsOfStockIssuanceCosts`	$111.00K	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$360.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.64M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$22.47M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-65.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.04M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	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`	$57.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.60M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
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`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Net loss	`ProfitLoss`	$-65.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-107.80M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.74M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.28M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.33M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-27.95M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.31M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.08M	USD	1 Quarter
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
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.69M	USD	2 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.38M	USD	2 Qtrs
Issuance of common stock of Baltic Trading Limited	`StockIssuedDuringPeriodValueNewIssues`	$21.56M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$347.00K	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$2.05M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.31B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-65.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-107.80M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-100.89M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-48.94M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.74M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.28M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.33M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-27.95M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.31M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.08M	USD	1 Quarter
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`	$11.01M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-12.66M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-25.65M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-890.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-49.83M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-78.22M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-89.88M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-133.44M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-8.17M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-7.36M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-5.03M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.57M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-125.28M	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`	$-73.18M	USD	1 Quarter
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.