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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 246,683 $ 227,968
Due from charterers, net of a reserve of $951 and $906, respectively 11,239 13,688
Prepaid expenses and other current assets 20,587 17,709
Total current assets 278,509 259,365
Noncurrent assets:    
Vessels, net of accumulated depreciation of $497,485 and $464,518, respectively 2,761,813 2,794,860
Deferred drydock, net of accumulated amortization of $9,038 and $11,111, respectively 9,764 6,934
Other assets, net of accumulated amortization of $8,729 and $7,749, respectively 16,887 17,795
Fixed assets, net of accumulated depreciation and amortization of $2,621 and $2,422, respectively 5,490 5,591
Other noncurrent assets 514 514
Restricted cash 9,750 9,750
Investments 32,282 24,468
Total noncurrent assets 2,836,500 2,859,912
Total assets 3,115,009 3,119,277
Current liabilities:    
Accounts payable and accrued expenses 24,463 30,712
Current portion of long-term debt 220,772 185,077
Deferred revenue 3,693 4,227
Current portion of lease obligations 682  
Fair value of derivative instruments 1,738 1,686
Total current liabilities 251,348 221,702
Noncurrent liabilities:    
Long-term lease obligations 1,539 1,823
Time charters acquired 978 1,164
Fair value of derivative instruments 20,822 23,654
Convertible senior note payable 107,471 106,381
Long-term debt 1,347,741 1,402,935
Total noncurrent liabilities 1,478,551 1,535,957
Total liabilities 1,729,899 1,757,659
Commitments and contingencies      
Genco Shipping & Trading Limited shareholders' equity:    
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 43,807,598 and 36,307,598 shares at March 31, 2012 and December 31, 2011, respectively 438 363
Additional paid-in capital 860,365 809,443
Accumulated other comprehensive loss (6,982) (17,549)
Retained earnings 326,258 359,349
Total Genco Shipping & Trading Limited shareholders' equity 1,180,079 1,151,606
Noncontrolling interest 205,031 210,012
Total equity 1,385,110 1,361,618
Total liabilities and equity $ 3,115,009 $ 3,119,277