10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007103`
Period End Date	20220331
Filing Date	20220504
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	gnk-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 42 Cash Flow Statement 56 Stockholders Equity 18 Comprehensive Income 9

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.57M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.56M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Due from charterers, net of a reserve of $1,556 and $1,403, respectively	`AccountsReceivableNetCurrent`	$20.12M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$253.00M	USD	Point-in-time
Due from charterers, net of a reserve of $1,556 and $1,403, respectively	`AccountsReceivableNetCurrent`	$20.04M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$265.19M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$12.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.94M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$13.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.19M	USD	Point-in-time
Inventories	`InventoryNet`	$24.56M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.59M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.98M	USD	Point-in-time
Inventories	`InventoryNet`	$23.34M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$7.77M	USD	Point-in-time
Fair value of assets position	`DerivativeAssetsCurrent`	$1.82M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$7.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.14M	USD	Point-in-time
Vessels, net of accumulated depreciation of $265,189 and $253,005, respectively	`VesselsNet`	$1.03B	USD	Point-in-time
Vessels, net of accumulated depreciation of $265,189 and $253,005, respectively	`VesselsNet`	$981.14M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deposits on vessels	`DepositsAssetsNoncurrent`	$18.54M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $13,660 and $12,879 respectively	`DeferredDrydockCostsNet`	$14.58M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $13,660 and $12,879 respectively	`DeferredDrydockCostsNet`	$14.28M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.10M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $4,593 and $3,984, respectively	`PropertyPlantAndEquipmentNet`	$7.78M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $4,593 and $3,984, respectively	`PropertyPlantAndEquipmentNet`	$7.24M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	41.92M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.14M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	41.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.10M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.50M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsNoncurrent`	$1.17M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsNoncurrent`	$2.59M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.06B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$1.20B	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.96M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.13M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.08M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.88M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.86M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$37.81M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$41.90M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.20M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.72M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $7,355 and $7,771, respectively	`LongTermDebtNoncurrent`	$189.90M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $7,355 and $7,771, respectively	`LongTermDebtNoncurrent`	$238.23M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$195.62M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$244.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$233.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$286.33M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,102,336 and 41,924,597 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$419.00K	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,102,336 and 41,924,597 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$421.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.70B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.67B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$825.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-786.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-745.13M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$916.59M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$933.80M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$88.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$264.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.20B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Nonvested stock amortization expense	`ShareBasedCompensation`	$522.00K	USD	1 Quarter
Nonvested stock amortization expense	`ShareBasedCompensation`	$690.00K	USD	1 Quarter
Total revenues	`Revenues`	$136.23M	USD	1 Quarter
Total revenues	`Revenues`	$87.59M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$38.46M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$35.07M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.01M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$19.05M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$7.64M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$5.43M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $690 and $522, respectively)	`GeneralAndAdministrativeExpense`	$6.04M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $690 and $522, respectively)	`GeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$917.00K	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$1.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.44M	USD	1 Quarter
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-720.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$94.13M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$81.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.09M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$146.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$71.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.54M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-228.00K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-4.32M	USD	1 Quarter
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$176.00K	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$41.69M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$1.99M	USD	1 Quarter
Net earnings per share-basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net earnings per share-basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Net earnings per share-diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Net earnings per share-diluted	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.17M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.97M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.28M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.87M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.44M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$976.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$418.00K	USD	1 Quarter
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$351.00K	USD	1 Quarter
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$344.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$522.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$690.00K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-720.00K	USD	1 Quarter
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$69.00K	USD	1 Quarter
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$43.00K	USD	1 Quarter
Interest rate cap premium payment	`InterestRateCapPremiumPayment`	$240.00K	USD	1 Quarter
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$41.00K	USD	1 Quarter
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$99.00K	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-77.00K	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-1.75M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$1.35M	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.69M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$2.56M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-1.23M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.83M	USD	1 Quarter
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.55M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.03M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$52.00K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-432.00K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-456.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$939.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$1.69M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.55M	USD	1 Quarter
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$1.19M	USD	1 Quarter
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$45.48M	USD	1 Quarter
Purchase of scrubbers (capitalized in Vessels)	`PaymentsToAcquireScrubbers`	$41.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.48M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.00K	USD	1 Quarter
Net proceeds from sale of vessels	`ProceedsFromSaleOfVesselAssetsNet`	$21.27M	USD	1 Quarter
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$61.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.97M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$19.95M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$888.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$28.29M	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-77.05M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.65M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-71.46M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.03M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.03M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$161.00K	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$28.45M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$845.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$690.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$522.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$161.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$45.16M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.15M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$176.00K	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$44.98M	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$2.15M	USD	1 Quarter

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