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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 87,778 $ 227,968
Due from charterers, net of a reserve of $495 and $906, respectively 8,616 13,688
Prepaid expenses and other current assets 17,020 17,709
Total current assets 113,414 259,365
Noncurrent assets:    
Vessels, net of accumulated depreciation of $563,749 and $464,518, respectively 2,695,638 2,794,860
Deferred drydock, net of accumulated amortization of $6,675 and $11,111, respectively 13,723 6,934
Other assets, net of accumulated amortization of $11,304 and $7,749, respectively 31,907 17,795
Fixed assets, net of accumulated depreciation and amortization of $3,077 and $2,422, respectively 5,402 5,591
Other noncurrent assets 514 514
Restricted cash 10,150 9,750
Investments 23,825 24,468
Total noncurrent assets 2,781,159 2,859,912
Total assets 2,894,573 3,119,277
Current liabilities:    
Accounts payable and accrued expenses 25,150 30,712
Current portion of long-term debt   185,077
Deferred revenue 1,876 4,227
Current portion of lease obligations 642  
Fair value of derivative instruments 609 1,686
Total current liabilities 28,277 221,702
Noncurrent liabilities:    
Long-term lease obligations 2,056 1,823
Time charters acquired 606 1,164
Fair value of derivative instruments 18,261 23,654
Convertible senior note payable 109,726 106,381
Long-term interest payable 13,199  
Long-term debt 1,413,439 1,402,935
Total noncurrent liabilities 1,557,287 1,535,957
Total liabilities 1,585,564 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 43,821,098 and 36,307,598 shares at September 30, 2012 and December 31, 2011, respectively 438 363
Additional paid-in capital 862,488 809,443
Accumulated other comprehensive loss (11,798) (17,549)
Retained earnings 260,031 359,349
Total Genco Shipping & Trading Limited shareholders' equity 1,111,159 1,151,606
Noncontrolling interest 197,850 210,012
Total equity 1,309,009 1,361,618
Total liabilities and equity $ 2,894,573 $ 3,119,277