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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Voyage revenues $ 388,929 $ 447,438 $ 379,531
Service revenues 3,285 1,249  
Total revenues 392,214 448,687 379,531
Operating expenses:      
Voyage expenses 4,457 4,467 5,024
Vessel operating expenses 105,514 78,976 57,311
General, administrative and management fees 33,928 29,081 18,554
Depreciation and amortization 136,203 115,663 88,150
Other operating income (527) (791)  
Total operating expenses 279,575 227,396 169,039
Operating income 112,639 221,291 210,492
Other (expense) income:      
Other expense (80) (77) (312)
Interest income 616 685 240
Interest expense (86,722) (72,650) (61,796)
Other expense (86,186) (72,042) (61,868)
Income before income taxes 26,453 149,249 148,624
Income tax expense (1,385) (1,840)  
Net income 25,068 147,409 148,624
Less: Net (loss) income attributable to noncontrolling interest (318) 6,166  
Net income attributable to Genco Shipping & Trading Limited $ 25,386 $ 141,243 $ 148,624
Earnings per share-basic (in dollars per share) $ 0.72 $ 4.28 $ 4.75
Earnings per share-diluted (in dollars per share) $ 0.72 $ 4.07 $ 4.73
Weighted average common shares outstanding-basic (in shares) 35,179,244 32,987,449 31,295,212
Weighted average common shares outstanding-diluted (in shares) 35,258,205 35,891,373 31,445,063
Dividends declared per share (in dollars per share) $ 0