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Condensed Consolidated Statements of Equity (USD $)
In Thousands
Total
Genco Shipping & Trading Limited Shareholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings
Noncontrolling Interest
Balance at Dec. 31, 2009 $ 928,925 $ 928,925 $ 318 $ 722,198 $ 13,589 $ 192,820  
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 71,757 70,207       70,207 1,550
Change in unrealized gain on investments (18,901) (18,901)     (18,901)    
Unrealized gain (loss) on cash flow hedges, net (8,789) (8,789)     (8,789)    
Issuance of 15,000 shares of nonvested stock, less forfeitures of 1,100 shares for 6 months ended June 30, 2011 and 90,000 shares of nonvested stock for 6 months ended June 30, 2010, respectively     1 (1)      
Nonvested stock amortization 3,283 2,190   2,190     1,093
Issuance of common stock of Baltic Trading Limited 210,395 (1,054)   (1,054)     211,449
Balance at Jun. 30, 2010 1,186,670 972,578 319 723,333 (14,101) 263,027 214,092
Balance at Dec. 31, 2010 1,348,153 1,132,949 359 803,778 (5,210) 334,022 215,204
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 21,999 23,516       23,516 (1,517)
Change in unrealized gain on investments (12,264) (12,264)     (12,264)    
Unrealized gain (loss) on cash flow hedges, net 7,916 7,916     7,916    
Issuance of 15,000 shares of nonvested stock, less forfeitures of 1,100 shares for 6 months ended June 30, 2011 and 90,000 shares of nonvested stock for 6 months ended June 30, 2010, respectively     0 0      
Nonvested stock amortization 4,523 2,972   2,972     1,551
Cash dividends paid by Baltic Trading Limited (3,886) (33)       (33) (3,853)
Vesting of restricted shares issued by Baltic Trading Limited   37   37     (37)
Balance at Jun. 30, 2011 $ 1,366,441 $ 1,155,093 $ 359 $ 806,787 $ (9,558) $ 357,505 $ 211,348