10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013966`
Period End Date	20230630
Filing Date	20230808
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gnk-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 86 Cash Flow Statement 64 Stockholders Equity 36 Comprehensive Income 24

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.93M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.52M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.14M	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 $2,520 and $2,141, respectively	`AccountsReceivableNetCurrent`	$19.69M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$328.34M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$303.10M	USD	Point-in-time
Due from charterers, net of a reserve of $2,520 and $2,141, respectively	`AccountsReceivableNetCurrent`	$25.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.40M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$15.46M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$19.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.42M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.25M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.60M	USD	Point-in-time
Inventories	`InventoryNet`	$22.96M	USD	Point-in-time
Inventories	`InventoryNet`	$21.60M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$4.03M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$5.24M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$6.31M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$6.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$125.43M	USD	Point-in-time
Vessels, net of accumulated depreciation of $328,339 and $303,098, respectively	`VesselsNet`	$979.05M	USD	Point-in-time
Vessels, net of accumulated depreciation of $328,339 and $303,098, respectively	`VesselsNet`	$1.00B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $19,505 and $15,456 respectively	`DeferredDrydockCostsNet`	$33.86M	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
Deferred drydock, net of accumulated amortization of $19,505 and $15,456 respectively	`DeferredDrydockCostsNet`	$32.25M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $7,596 and $6,254, respectively	`PropertyPlantAndEquipmentNet`	$8.13M	USD	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 $7,596 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 issued (in shares)	`CommonStockSharesIssued`	42.53M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.36M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.08M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.33M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.53M	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
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`	$1.02B	USD	Point-in-time
Total assets	`Assets`	$1.14B	USD	Point-in-time
Total assets	`Assets`	$1.17B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.04M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.48M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$4.96M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$7.95M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.24M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.11M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$29.22M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$36.54M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.96M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $5,239 and $6,079, respectively	`LongTermDebtNoncurrent`	$164.92M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $5,239 and $6,079, respectively	`LongTermDebtNoncurrent`	$148.26M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$169.02M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$151.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$180.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.56M	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; 42,528,689 and 42,327,181 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$425.00K	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,528,689 and 42,327,181 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$423.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-614.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-628.25M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$953.86M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$967.43M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$876.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$954.95M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Nonvested stock amortization expense	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Nonvested stock amortization expense	`ShareBasedCompensation`	$1.22M	USD	1 Quarter
Nonvested stock amortization expense	`ShareBasedCompensation`	$2.78M	USD	2 Qtrs
Nonvested stock amortization expense	`ShareBasedCompensation`	$826.00K	USD	1 Quarter
Total revenues	`Revenues`	$137.76M	USD	1 Quarter
Total revenues	`Revenues`	$90.56M	USD	1 Quarter
Total revenues	`Revenues`	$273.99M	USD	2 Qtrs
Total revenues	`Revenues`	$184.95M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$70.92M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$32.46M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$66.27M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$28.83M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$29.46M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$56.48M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$22.59M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$46.98M	USD	2 Qtrs
Charter hire expenses	`CharterHireExpense`	$4.71M	USD	2 Qtrs
Charter hire expenses	`CharterHireExpense`	$1.04M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$5.04M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$12.68M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,219, $826, $2,778 and $1,516, respectively)	`GeneralAndAdministrativeExpense`	$12.42M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,219, $826, $2,778 and $1,516, respectively)	`GeneralAndAdministrativeExpense`	$6.93M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,219, $826, $2,778 and $1,516, respectively)	`GeneralAndAdministrativeExpense`	$14.68M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,219, $826, $2,778 and $1,516, respectively)	`GeneralAndAdministrativeExpense`	$6.38M	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$700.00K	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$2.11M	USD	2 Qtrs
Technical management fees	`TechnicalManagementFees`	$1.35M	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$1.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.52M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$182.70M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$77.53M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$88.57M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$167.48M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.47M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$91.29M	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-198.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$767.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$125.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$2.76M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.29M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$520.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$85.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.65M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.16M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-1.80M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-1.49M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-3.07M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-1.57M	USD	1 Quarter
Net income	`ProfitLoss`	$14.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.54M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$205.00K	USD	2 Qtrs
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$419.00K	USD	2 Qtrs
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-21.00K	USD	1 Quarter
Less: Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$243.00K	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$47.38M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$14.20M	USD	2 Qtrs
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$89.07M	USD	2 Qtrs
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$11.56M	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$2.11	USD	2 Qtrs
Earnings per share-basic	`EarningsPerShareBasic`	$0.33	USD	2 Qtrs
Earnings per share-basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$2.07	USD	2 Qtrs
Earnings per share-diluted	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	2 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.39M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.71M	shares	2 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.79M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.12M	shares	2 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.00M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.13M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.93M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.54M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.52M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$840.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$841.00K	USD	2 Qtrs
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$705.00K	USD	2 Qtrs
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$721.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.22M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.78M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$826.00K	USD	1 Quarter
Amortization of premium on derivatives	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$110.00K	USD	2 Qtrs
Amortization of premium on derivatives	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$84.00K	USD	2 Qtrs
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$168.00K	USD	2 Qtrs
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$169.00K	USD	2 Qtrs
Insurance proceeds for loss of hire claims	`ProceedsFromInsuranceForLossOfHireClaims`	$152.00K	USD	2 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$4.85M	USD	2 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-5.64M	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$3.74M	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-584.00K	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$1.36M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$7.18M	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.60M	USD	2 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.71M	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.29M	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.99M	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-917.00K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.00M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$14.20M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$7.74M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.95M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$99.16M	USD	2 Qtrs
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$48.35M	USD	2 Qtrs
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$3.13M	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93M	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.80M	USD	2 Qtrs
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$1.40M	USD	2 Qtrs
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$293.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.53M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.98M	USD	2 Qtrs
Repayments on the $450 Million Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$17.50M	USD	2 Qtrs
Repayments on the $450 Million Credit Facility	`RepaymentsOfLongTermLinesOfCredit`	$57.50M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$28.12M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$61.57M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.62M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.08M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-69.90M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.21M	USD	2 Qtrs
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`	$50.63M	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`	$53.89M	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`	$50.63M	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`	$53.89M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.79	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$954.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$14.40M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$2.86M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$11.54M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$41.87M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.62M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-993.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$1.50M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$4.79M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$6.41M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$28.45M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$21.52M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$33.56M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$690.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$826.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.22M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.56M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$954.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$949.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$2.86M	USD	1 Quarter
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$11.54M	USD	1 Quarter
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.62M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-993.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$1.50M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$4.79M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$94.28M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$49.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$10.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.78M	USD	2 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$419.00K	USD	2 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$243.00K	USD	1 Quarter
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$205.00K	USD	2 Qtrs
Less: Comprehensive (loss) income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-21.00K	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$10.57M	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$11.57M	USD	2 Qtrs
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$93.86M	USD	2 Qtrs
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$48.88M	USD	1 Quarter

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