10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-119741`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	gnk-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 49 Cash Flow Statement 48 Stockholders Equity 17 Comprehensive Income 9

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$213.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$429.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Due from charterers, net of a reserve of $213 and $429, respectively	`AccountsReceivableNetCurrent`	$10.59M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$127.07M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$108.00M	USD	Point-in-time
Due from charterers, net of a reserve of $213 and $429, respectively	`AccountsReceivableNetCurrent`	$8.37M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$4.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.37M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$3.21M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$734.00K	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$935.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$123.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$172.53M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$500.00K	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$404.00K	USD	Point-in-time
Vessels, net of accumulated depreciation of $127,067 and $107,998, respectively	`VesselsNet`	$1.51B	USD	Point-in-time
Vessels, net of accumulated depreciation of $127,067 and $107,998, respectively	`VesselsNet`	$1.49B	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$9.41M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNet`	$8.88M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $4,316 and $3,207, respectively	`DeferredDrydockCostsNet`	$16.18M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $4,316 and $3,207, respectively	`DeferredDrydockCostsNet`	$15.10M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $935 and $734, respectively	`DeferredFinanceCostsNoncurrentNet`	$3.09M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $935 and $734, respectively	`DeferredFinanceCostsNoncurrentNet`	$3.29M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $500 and $404, respectively	`PropertyPlantAndEquipmentNet`	$1.29M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $500 and $404, respectively	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$12.33M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$12.33M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.90M	shares	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.52B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.54B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	73.54M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	73.54M	shares	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.90M	shares	Point-in-time
Total assets	`Assets`	$1.64B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.47M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.94M	USD	Point-in-time
Current portion of long-term debt, net of deferred financing costs of $8,883 and $9,411, respectively	`LongTermDebtCurrent`	$579.02M	USD	Point-in-time
Current portion of long-term debt, net of deferred financing costs of $8,883 and $9,411, respectively	`LongTermDebtCurrent`	$561.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.06M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$906.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$607.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$584.94M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.33M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.15M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.33M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$608.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$586.27M	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; 250,000,000 shares authorized; issued and outstanding 73,544,994 and 72,898,234 shares at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$735.00K	USD	Point-in-time
Common stock, par value $0.01; 250,000,000 shares authorized; issued and outstanding 73,544,994 and 72,898,234 shares at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$728.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.49B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$838.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-431.67M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-377.19M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$20.13M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$33.61M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$810.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$811.00K	USD	1 Quarter
Total revenues	`Revenues`	$20.94M	USD	1 Quarter
Total revenues	`Revenues`	$34.42M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$3.90M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$4.38M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$28.67M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$29.13M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$20.32M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$12.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.34M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$1.69M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$35.40M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$67.90M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$108.18M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-46.96M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-73.76M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-125.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$62.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$24.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.32M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-7.18M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-4.29M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-78.05M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-54.14M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$520.00K	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$94.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-54.23M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-78.57M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$253.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$543.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-40.67M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-54.48M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-38.44M	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.64	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.75	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.64	USD	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	72.19M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.19M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.43M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.34M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$729.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$487.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$5.49M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$12.36M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$1.69M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$35.40M	USD	1 Quarter
Realized loss on sale of investment	`GainLossOnSaleOfInvestments`	$-73.00K	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.37M	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.21M	USD	1 Quarter
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$3.50M	USD	1 Quarter
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-811.00K	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.16M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.15M	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-152.00K	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$440.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$180.00K	USD	1 Quarter
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$203.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$3.53M	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$31.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-27.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-12.32M	USD	1 Quarter
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$279.00K	USD	1 Quarter
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$24.10M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.00K	USD	1 Quarter
Sale of AFS securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$859.00K	USD	1 Quarter
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-19.64M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$389.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.51M	USD	1 Quarter
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$101.00K	USD	1 Quarter
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$49.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$2.22M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.55M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.20M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-45.47M	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-14.63M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.60M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Issuance of shares of nonvested stock (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	612,444.00	shares	1 Quarter
Issuance of shares of RSUs (in shares)	`StockIssuedDuringPeriodSharesRestrictedStockAwardGross`	31,380.00	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.36M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$859.00K	USD	1 Quarter
Settlement of non-accredited Note holders	`CashSettlementOfNonAccreditedNoteHolders`	$414.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.36M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.49M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06B	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.36M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$859.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-76.76M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-53.62M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-40.67M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-53.62M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-36.08M	USD	1 Quarter

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