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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 227,968 $ 270,877
Due from charterers, net 13,688 8,794
Prepaid expenses and other current assets 17,709 14,010
Total current assets 259,365 293,681
Noncurrent assets:    
Vessels, net of accumulated depreciation of $464,518 and $334,502, respectively 2,794,860 2,783,810
Deposits on vessels   13,718
Deferred drydock, net of accumulated amortization of $11,111 and $9,044, respectively 6,934 8,538
Other assets, net of accumulated amortization of $7,749 and $4,561, respectively 17,795 16,937
Fixed assets, net of accumulated depreciation and amortization of $2,422 and $2,041, respectively 5,591 2,310
Other noncurrent assets 514  
Restricted cash 9,750 9,000
Investments 24,468 54,714
Total noncurrent assets 2,859,912 2,889,027
Total assets 3,119,277 3,182,708
Current liabilities:    
Accounts payable and accrued expenses 30,712 31,790
Current portion of long-term debt 185,077 71,841
Deferred revenue 4,227 9,974
Fair value of derivative instruments 1,686 4,417
Total current liabilities 221,702 118,022
Noncurrent liabilities:    
Deferred revenue   392
Deferred rent credit 1,823 657
Time charters acquired 1,164 2,197
Fair value of derivative instruments 23,654 38,880
Convertible senior note payable 106,381 102,309
Long-term debt 1,402,935 1,572,098
Total noncurrent liabilities 1,535,957 1,716,533
Total liabilities 1,757,659 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 36,307,598 and 35,951,198 shares at December 31, 2011 and December 31, 2010, respectively 363 359
Additional paid-in capital 809,443 803,778
Accumulated other comprehensive loss (17,549) (5,210)
Retained earnings 359,349 334,022
Total Genco Shipping & Trading Limited shareholders' equity 1,151,606 1,132,949
Noncontrolling interest 210,012 215,204
Total equity 1,361,618 1,348,153
Total liabilities and equity $ 3,119,277 $ 3,182,708