10-K Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001558370-24-001857`
Period End Date	20231231
Filing Date	20240227
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	gnk-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 66 Cash Flow Statement 86 Stockholders Equity 24 Comprehensive Income 15

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.14M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Due from charterers, net of a reserve of $3,257 and $2,141, respectively	`AccountsReceivableNetCurrent`	$17.82M	USD	Point-in-time
Due from charterers, net of a reserve of $3,257 and $2,141, respectively	`AccountsReceivableNetCurrent`	$25.33M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$296.45M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$303.10M	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
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$23.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.15M	USD	Point-in-time
Inventories	`InventoryNet`	$26.75M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.06M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.25M	USD	Point-in-time
Inventories	`InventoryNet`	$21.60M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$572.00K	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$9.83M	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
Vessels held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$55.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$125.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$157.27M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Vessels, net of accumulated depreciation of $296,452 and $303,098, respectively	`VesselsNet`	$1.00B	USD	Point-in-time
Vessels, net of accumulated depreciation of $296,452 and $303,098, respectively	`VesselsNet`	$945.11M	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 $23,047 and $15,456 respectively	`DeferredDrydockCostsNet`	$32.25M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $23,047 and $15,456 respectively	`DeferredDrydockCostsNet`	$29.50M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $8,063 and $6,254, respectively	`PropertyPlantAndEquipmentNet`	$8.56M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.55M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.33M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $8,063 and $6,254, respectively	`PropertyPlantAndEquipmentNet`	$7.07M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.08M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.55M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.63M	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
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	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`	$984.63M	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`	$24.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.48M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$8.75M	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`	$2.29M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$36.54M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$35.29M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.80M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $9,831 and $6,079, respectively	`LongTermDebtNoncurrent`	$190.17M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $9,831 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`	$191.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$227.26M	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 17)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,546,959 and 42,327,181 shares issued and outstanding as of December 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; 42,546,959 and 42,327,181 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$425.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.55B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$527.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-641.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-628.25M	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`	$913.26M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$876.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.39M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$914.65M	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 66 line items

Line Item	Tag	Value	Unit	Period
Nonvested stock amortization expense	`ShareBasedCompensation`	$5.53M	USD	Annual
Nonvested stock amortization expense	`ShareBasedCompensation`	$3.24M	USD	Annual
Nonvested stock amortization expense	`ShareBasedCompensation`	$2.27M	USD	Annual
Total revenues	`Revenues`	$383.82M	USD	Annual
Total revenues	`Revenues`	$547.13M	USD	Annual
Total revenues	`Revenues`	$536.93M	USD	Annual
Voyage expenses	`VoyageExpenses`	$153.89M	USD	Annual
Voyage expenses	`VoyageExpenses`	$142.97M	USD	Annual
Voyage expenses	`VoyageExpenses`	$146.18M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$82.09M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$97.09M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$99.47M	USD	Annual
Charter hire expenses	`CharterHireExpense`	$27.13M	USD	Annual
Charter hire expenses	`CharterHireExpense`	$9.13M	USD	Annual
Charter hire expenses	`CharterHireExpense`	$36.37M	USD	Annual
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively)	`GeneralAndAdministrativeExpense`	$25.71M	USD	Annual
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively)	`GeneralAndAdministrativeExpense`	$28.27M	USD	Annual
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively)	`GeneralAndAdministrativeExpense`	$24.45M	USD	Annual
Technical management fees	`TechnicalManagementFees`	$3.31M	USD	Annual
Technical management fees	`TechnicalManagementFees`	$4.02M	USD	Annual
Technical management fees	`TechnicalManagementFees`	$5.61M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.23M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.47M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.19M	USD	Annual
Impairment of vessel assets	`VesselAssetImpairmentCharges`	$41.72M	USD	Annual
Gain on sale of vessels	`GainLossOnDispositionOfAssets`	$4.92M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$369.70M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$389.67M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$346.01M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$-5.85M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$167.24M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$201.12M	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$178.00K	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-396.00K	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$541.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.67M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$154.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.04M	USD	Annual
Interest expense	`InterestExpense`	$9.09M	USD	Annual
Interest expense	`InterestExpense`	$15.36M	USD	Annual
Interest expense	`InterestExpense`	$8.78M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-4.41M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-6.51M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-19.07M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-7.87M	USD	Annual
Net (loss) income	`ProfitLoss`	$182.04M	USD	Annual
Net (loss) income	`ProfitLoss`	$-12.36M	USD	Annual
Net (loss) income	`ProfitLoss`	$159.36M	USD	Annual
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$38.00K	USD	Annual
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$514.00K	USD	Annual
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$788.00K	USD	Annual
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$182.01M	USD	Annual
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$-12.87M	USD	Annual
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$158.58M	USD	Annual
Net (loss) earnings per share-basic	`EarningsPerShareBasic`	$3.74	USD	Annual
Net (loss) earnings per share-basic	`EarningsPerShareBasic`	$-0.30	USD	Annual
Net (loss) earnings per share-basic	`EarningsPerShareBasic`	$4.33	USD	Annual
Net (loss) earnings per share-diluted	`EarningsPerShareDiluted`	$3.70	USD	Annual
Net (loss) earnings per share-diluted	`EarningsPerShareDiluted`	$4.27	USD	Annual
Net (loss) earnings per share-diluted	`EarningsPerShareDiluted`	$-0.30	USD	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.41M	shares	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.06M	shares	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.77M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.77M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.59M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.92M	shares	Annual

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$182.04M	USD	Annual
Net (loss) income	`ProfitLoss`	$-12.36M	USD	Annual
Net (loss) income	`ProfitLoss`	$159.36M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.23M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.47M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.19M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.78M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.54M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.69M	USD	Annual
Amortization of fair market value of time charters acquired	`AmortizationOfFairMarketValueOfTimeChartersAcquired`	$4.26M	USD	Annual
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.39M	USD	Annual
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.42M	USD	Annual
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.45M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$5.53M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$3.24M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$2.27M	USD	Annual
Impairment of vessel assets	`VesselAssetImpairmentCharges`	$41.72M	USD	Annual
Gain on sale of vessels	`GainLossOnDispositionOfAssets`	$4.92M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-4.41M	USD	Annual
Amortization of premium on derivatives	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$210.00K	USD	Annual
Amortization of premium on derivatives	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$197.00K	USD	Annual
Amortization of premium on derivatives	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$86.00K	USD	Annual
Interest rate cap premium payment	`InterestRateCapPremiumPayment`	$240.00K	USD	Annual
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$988.00K	USD	Annual
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$269.00K	USD	Annual
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$829.00K	USD	Annual
Insurance proceeds for loss of hire claims	`ProceedsFromInsuranceForLossOfHireClaims`	$506.00K	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$7.12M	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-7.52M	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$5.22M	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$317.00K	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$783.00K	USD	Annual
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$4.77M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$2.98M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-2.96M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$5.15M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.41M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.13M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.21M	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.66M	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.79M	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.12M	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-2.11M	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.86M	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.76M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$25.81M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$4.92M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$10.87M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$231.12M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$91.78M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$189.32M	USD	Annual
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$91.31M	USD	Annual
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$115.68M	USD	Annual
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$52.47M	USD	Annual
Purchase of scrubbers (capitalized in Vessels)	`PaymentsToAcquireScrubbers`	$199.00K	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.58M	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.57M	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.71M	USD	Annual
Net proceeds from sale of vessels	`ProceedsFromSaleOfVesselAssetsNet`	$49.47M	USD	Annual
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$418.00K	USD	Annual
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$2.39M	USD	Annual
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$1.02M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.02M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.57M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.62M	USD	Annual
Investment by non-controlling interest	`ProceedsFromMinorityShareholders`	$50.00K	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$115.73M	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$40.91M	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$13.46M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$5.49M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$6.05M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-190.74M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-222.69M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.40M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-56.43M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-59.15M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.24M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.86M	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`	$64.10M	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`	$46.86M	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`	$64.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.53M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.95	USD	Annual
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$2.74	USD	Annual
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.32	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$914.65M	USD	Point-in-time
Net (loss) income	`ProfitLoss`	$182.04M	USD	Annual
Net (loss) income	`ProfitLoss`	$-12.36M	USD	Annual
Net (loss) income	`ProfitLoss`	$159.36M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$5.66M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-5.95M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$825.00K	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$116.63M	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$40.88M	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$13.51M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.24M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.53M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.27M	USD	Annual
Non-controlling interest initial investment	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$50.00K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$968.31M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$914.65M	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$182.04M	USD	Annual
Net (loss) income	`ProfitLoss`	$-12.36M	USD	Annual
Net (loss) income	`ProfitLoss`	$159.36M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$5.66M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-5.95M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$825.00K	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-18.31M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$165.02M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$182.87M	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$788.00K	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$38.00K	USD	Annual
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$514.00K	USD	Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$164.23M	USD	Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-18.82M	USD	Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$182.83M	USD	Annual

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