10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-007869`
Period End Date	20230331
Filing Date	20230503
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	gnk-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 54 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.44M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$303.10M	USD	Point-in-time
Due from charterers, net of a reserve of $2,157 and $2,141, respectively	`AccountsReceivableNetCurrent`	$25.33M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$315.64M	USD	Point-in-time
Due from charterers, net of a reserve of $2,157 and $2,141, respectively	`AccountsReceivableNetCurrent`	$16.69M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$17.38M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$15.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.39M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.89M	USD	Point-in-time
Inventories	`InventoryNet`	$25.03M	USD	Point-in-time
Inventories	`InventoryNet`	$21.60M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.25M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$6.08M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$5.66M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$5.05M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$6.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$125.43M	USD	Point-in-time
Vessels, net of accumulated depreciation of $315,639 and $303,098, respectively	`VesselsNet`	$990.64M	USD	Point-in-time
Vessels, net of accumulated depreciation of $315,639 and $303,098, respectively	`VesselsNet`	$1.00B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $17,377 and $15,456 respectively	`DeferredDrydockCostsNet`	$33.61M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $17,377 and $15,456 respectively	`DeferredDrydockCostsNet`	$32.25M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $6,887 and $6,254, respectively	`PropertyPlantAndEquipmentNet`	$8.56M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $6,887 and $6,254, respectively	`PropertyPlantAndEquipmentNet`	$8.37M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.08M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.72M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.33M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.51M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.33M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.51M	shares	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsNoncurrent`	$423.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.05B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.48M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.98M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$5.03M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.96M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.11M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.19M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$34.19M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$36.54M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.53M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.10M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $5,661 and $6,079, respectively	`LongTermDebtNoncurrent`	$156.59M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $5,661 and $6,079, respectively	`LongTermDebtNoncurrent`	$164.92M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$169.02M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$160.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$194.32M	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; 500,000,000 shares authorized; 42,507,748 and 42,327,181 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$423.00K	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,507,748 and 42,327,181 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$425.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.57B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-628.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-625.61M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$967.43M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$948.48M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$876.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Nonvested stock amortization expense	`ShareBasedCompensation`	$690.00K	USD	1 Quarter
Nonvested stock amortization expense	`ShareBasedCompensation`	$1.56M	USD	1 Quarter
Total revenues	`Revenues`	$94.39M	USD	1 Quarter
Total revenues	`Revenues`	$136.23M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$38.46M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$37.44M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$27.01M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$24.39M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$3.66M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$7.64M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,559 and $690, respectively)	`GeneralAndAdministrativeExpense`	$6.04M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,559 and $690, respectively)	`GeneralAndAdministrativeExpense`	$7.75M	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$917.00K	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$762.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.06M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$94.13M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$89.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.44M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-324.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$770.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.03M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-228.00K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-1.58M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$176.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$226.00K	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`	$2.63M	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.63M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.17M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.10M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.87M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.06M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$418.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$418.00K	USD	1 Quarter
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$360.00K	USD	1 Quarter
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$351.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$690.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.56M	USD	1 Quarter
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$43.00K	USD	1 Quarter
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$59.00K	USD	1 Quarter
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$99.00K	USD	1 Quarter
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$34.00K	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-8.64M	USD	1 Quarter
Decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-77.00K	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`	$2.26M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-1.23M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$3.43M	USD	1 Quarter
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-97.00K	USD	1 Quarter
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.83M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$71.00K	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$52.00K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-456.00K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-480.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$1.69M	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$4.11M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.57M	USD	1 Quarter
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$45.48M	USD	1 Quarter
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$2.00M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.48M	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.08M	USD	1 Quarter
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$235.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.97M	USD	1 Quarter
Repayment of secured debt	`RepaymentsOfLongTermLinesOfCredit`	$48.75M	USD	1 Quarter
Repayment of secured debt	`RepaymentsOfLongTermLinesOfCredit`	$8.75M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$21.67M	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`	$-30.42M	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`	$-13.70M	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`	$50.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.10M	USD	Point-in-time
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`	$120.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$64.10M	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`	$120.53M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$28.45M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$21.52M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.56M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$690.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$45.16M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$176.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$226.00K	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`	$1.01M	USD	1 Quarter

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