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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Voyage revenues $ 53,603 $ 93,484 $ 174,740 $ 292,614
Service revenues 828 828 2,466 2,457
Total revenues 54,431 94,312 177,206 295,071
Operating expenses:        
Voyage expenses 2,693 1,702 5,099 2,595
Vessel operating expenses 28,272 26,133 85,622 76,394
General, administrative, and management fees 8,622 8,759 25,680 25,908
Depreciation and amortization 35,038 34,378 103,954 101,484
Total operating expenses 74,625 70,972 220,355 206,381
Operating (loss) income (20,194) 23,340 (43,149) 88,690
Other (expense) income:        
Other (expense) income (43) 31 (40) (80)
Interest income 49 167 352 503
Interest expense (21,546) (21,793) (65,160) (64,654)
Other expense (21,540) (21,595) (64,848) (64,231)
(Loss) income before income taxes (41,734) 1,745 (107,997) 24,459
Income tax expense (303) (328) (918) (1,041)
Net (loss) income (42,037) 1,417 (108,915) 23,418
Less: Net loss attributable to noncontrolling interest (3,588) (145) (9,626) (1,662)
Net (loss) income attributable to Genco Shipping & Trading Limited $ (38,449) $ 1,562 $ (99,289) $ 25,080
Net (loss) income per share-basic (in dollars per share) $ (0.90) $ 0.04 $ (2.40) $ 0.71
Net (loss) income per share-diluted (in dollars per share) $ (0.90) $ 0.04 $ (2.40) $ 0.71
Weighted average common shares outstanding-basic (in shares) 42,885,810 35,157,110 41,290,719 35,149,912
Weighted average common shares outstanding-diluted (in shares) 42,885,810 35,212,840 41,290,719 35,212,041
Dividends declared per share (in dollars per share) $ 0