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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 291,785$ 270,877
Due from charterers, net of a reserve of $940 and $592, respectively11,0698,794
Prepaid expenses and other current assets16,08014,010
Total current assets318,934293,681
Noncurrent assets:  
Vessels, net of accumulated depreciation of $431,244 and $334,502, respectively2,793,4442,783,810
Deposits on vessels3,44613,718
Deferred drydock, net of accumulated amortization of $9,368 and $9,044, respectively6,8688,538
Other assets, net of accumulated amortization of $6,930 and $4,561, respectively14,69316,937
Fixed assets, net of accumulated depreciation and amortization of $2,287 and $2,041, respectively3,8752,310
Other noncurrent assets514 
Restricted cash9,7509,000
Investments27,84954,714
Total noncurrent assets2,860,4392,889,027
Total assets3,179,3733,182,708
Current liabilities:  
Accounts payable and accrued expenses27,44931,790
Current portion of long-term debt147,84471,841
Deferred revenue5,0079,974
Fair value of derivative instruments5,4754,417
Total current liabilities185,775118,022
Noncurrent liabilities:  
Deferred revenue 392
Deferred rent credit1,610657
Time charters acquired1,1372,197
Fair value of derivative instruments27,45238,880
Convertible senior note payable105,308102,309
Long-term debt1,502,0111,572,098
Total noncurrent liabilities1,637,5181,716,533
Total liabilities1,823,2931,834,555
Commitments and contingencies  
Genco Shipping & Trading Limited shareholders' equity:  
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 35,965,098 and 35,951,198 shares at September 30, 2011 and December 31, 2010, respectively359359
Additional paid-in capital808,258803,778
Accumulated other comprehensive loss(21,743)(5,210)
Retained earnings359,057334,022
Total Genco Shipping & Trading Limited shareholders' equity1,145,9311,132,949
Noncontrolling interest210,149215,204
Total equity1,356,0801,348,153
Total liabilities and equity$ 3,179,373$ 3,182,708