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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 286,230 $ 270,877
Due from charterers, net of a reserve of $996 and $592, respectively 8,860 8,794
Prepaid expenses and other current assets 16,179 14,010
Total current assets 311,269 293,681
Noncurrent assets:    
Vessels, net of accumulated depreciation of $398,190 and $334,502, respectively 2,792,033 2,783,810
Deposits on vessels 6,885 13,718
Deferred drydock, net of accumulated amortization of $9,850 and $9,044, respectively 7,199 8,538
Other assets, net of accumulated amortization of $6,133 and $4,561, respectively 15,490 16,937
Fixed assets, net of accumulated depreciation and amortization of $2,163 and $2,041, respectively 2,330 2,310
Other noncurrent assets 514  
Restricted cash 9,750 9,000
Investments 42,450 54,714
Total noncurrent assets 2,876,651 2,889,027
Total assets 3,187,920 3,182,708
Current liabilities:    
Accounts payable and accrued expenses 26,152 31,790
Current portion of long-term debt 110,610 71,841
Deferred revenue 3,959 9,974
Fair value of derivative instruments 9,770 4,417
Total current liabilities 150,491 118,022
Noncurrent liabilities:    
Deferred revenue   392
Deferred rent credit 1,233 657
Time charters acquired 1,601 2,197
Fair value of derivative instruments 25,592 38,880
Convertible senior note payable 104,262 102,309
Long-term debt 1,538,300 1,572,098
Total noncurrent liabilities 1,670,988 1,716,533
Total liabilities 1,821,479 1,834,555
Commitments and contingencies    
Genco Shipping & Trading Limited shareholders' equity:    
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 35,966,198 and 35,951,198 shares at June 30, 2011 and December 31, 2010, respectively 359 359
Additional paid-in capital 806,787 803,778
Accumulated other comprehensive loss (9,558) (5,210)
Retained earnings 357,505 334,022
Total Genco Shipping & Trading Limited shareholders' equity 1,155,093 1,132,949
Noncontrolling interest 211,348 215,204
Total equity 1,366,441 1,348,153
Total liabilities and equity $ 3,187,920 $ 3,182,708