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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Voyage revenues $ 59,025 $ 100,619
Service revenues 819 810
Total revenues 59,844 101,429
Operating expenses:    
Voyage expenses 1,410 968
Vessel operating expenses 27,834 24,795
General, administrative, and management fees 8,696 8,851
Depreciation and amortization 34,425 33,081
Total operating expenses 72,365 67,695
Operating (loss) income (12,521) 33,734
Other (expense) income:    
Other expense (16) (55)
Interest income 155 172
Interest expense (23,730) (21,321)
Other expense (23,591) (21,204)
(Loss) income before income taxes (36,112) 12,530
Income tax expense (271) (359)
Net (loss) income (36,383) 12,171
Less: Net loss attributable to noncontrolling interest (3,312) (1,255)
Net (loss) income attributable to Genco Shipping & Trading Limited $ (33,071) $ 13,426
Net (loss) income per share-basic (in dollars per share) $ (0.87) $ 0.38
Net (loss) income per share-diluted (in dollars per share) $ (0.87) $ 0.38
Weighted average common shares outstanding-basic (in shares) 38,090,590 35,142,110
Weighted average common shares outstanding-diluted (in shares) 38,090,590 35,218,699
Dividends declared per share (in dollars per share) $ 0