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Consolidated Statements of Equity (USD $)
In Thousands, unless otherwise specified
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, 2008 $ 696,478 $ 696,478 $ 317 $ 717,979 $ (66,014) $ 44,196  
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 148,624 148,624       148,624  
Change in unrealized gain on investments 55,408 55,408     55,408    
Unrealized gain (loss) on cash flow hedges, net 24,195 24,195     24,195    
Issuance of 357,500 shares of nonvested stock, less forfeitures of 1,100 shares for the year ended 2011, 514,650 and 133,250 shares of nonvested stock for the year ended 2010 and 2009, respectively     1 (1)      
Nonvested stock amortization 4,220 4,220   4,220      
Balance at Dec. 31, 2009 928,925 928,925 318 722,198 13,589 192,820  
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 147,409 141,243       141,243 6,166
Change in unrealized gain on investments (17,466) (17,466)     (17,466)    
Unrealized gain (loss) on cash flow hedges, net (1,333) (1,333)     (1,333)    
Issuance of 3,593,750 shares of common stock 54,882 54,882 36 54,846      
Issuance of convertible senior notes 23,457 23,457   23,457      
Issuance of 357,500 shares of nonvested stock, less forfeitures of 1,100 shares for the year ended 2011, 514,650 and 133,250 shares of nonvested stock for the year ended 2010 and 2009, respectively     5 (5)      
Nonvested stock amortization 7,219 4,327   4,327     2,892
Cash dividends paid by Baltic Trading Limited (5,370) (41)       (41) (5,329)
Issuance of common stock of Baltic Trading Limited 210,430 (1,045)   (1,045)     211,475
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) 25,068 25,386       25,386 (318)
Change in unrealized gain on investments (30,246) (30,246)     (30,246)    
Unrealized gain (loss) on cash flow hedges, net 17,907 17,907     17,907    
Issuance of 357,500 shares of nonvested stock, less forfeitures of 1,100 shares for the year ended 2011, 514,650 and 133,250 shares of nonvested stock for the year ended 2010 and 2009, respectively     4 (4)      
Nonvested stock amortization 8,338 5,574   5,574     2,764
Cash dividends paid by Baltic Trading Limited (7,602) (59)       (59) (7,543)
Vesting of restricted shares issued by Baltic Trading Limited   95   95     (95)
Balance at Dec. 31, 2011 $ 1,361,618 $ 1,151,606 $ 363 $ 809,443 $ (17,549) $ 359,349 $ 210,012