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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Voyage revenues $ 98,511 $ 105,337 $ 199,130 $ 200,018
Service revenues 819   1,629  
Total revenues 99,330 105,337 200,759 200,018
Operating expenses:        
Voyage expenses (74) 1,018 894 1,755
Vessel operating expenses 25,465 16,160 50,260 31,047
General, administrative, and management fees 8,298 7,164 17,149 12,960
Depreciation and amortization 34,025 26,259 67,106 51,094
Other operating income   (206)   (206)
Total operating expenses 67,714 50,395 135,409 96,650
Operating income 31,616 54,942 65,350 103,368
Other (expense) income:        
Other (expense) income (56) (3) (111) 25
Interest income 163 248 335 324
Interest expense (21,540) (15,810) (42,861) (31,241)
Other expense (21,433) (15,565) (42,637) (30,892)
Income before income taxes 10,183 39,377 22,713 72,476
Income tax expense (355) (719) (714) (719)
Net income 9,828 38,658 21,999 71,757
Less: Net (loss) income attributable to noncontrolling interest (262) 1,899 (1,517) 1,550
Net income attributable to Genco Shipping & Trading Limited $ 10,090 $ 36,759 $ 23,516 $ 70,207
Earnings per share-basic (in dollars per share) $ 0.29 $ 1.17 $ 0.67 $ 2.24
Earnings per share-diluted (in dollars per share) $ 0.29 $ 1.16 $ 0.67 $ 2.23
Weighted average common shares outstanding-basic (in shares) 35,150,352 31,413,874 35,146,254 31,409,858
Weighted average common shares outstanding-diluted (in shares) 35,204,649 31,562,879 35,211,636 31,553,226
Dividends declared per share (in dollars per share) $ 0   $ 0