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VESSEL ACQUISITIONS AND DISPOSITIONS (Details) (USD $)
3 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 8 Months Ended 8 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
$253 million term loan facility
Aug. 20, 2010
$253 million term loan facility
vessel
Sep. 30, 2012
$100 million term loan facility
Aug. 12, 2010
$100 million term loan facility
Jun. 03, 2010
$100 million term loan facility
vessel
Sep. 30, 2012
5.00% convertible senior notes
Jul. 27, 2010
5.00% convertible senior notes
Jun. 24, 2010
Master Agreement between GS&T and Bourbon
vessel
Jun. 03, 2010
Purchase agreement between GS&T and Metrostar companies
vessel
Mar. 29, 2011
Genco Rhone
Master Agreement between GS&T and Bourbon
item
Mar. 31, 2011
Genco Rhone
Master Agreement between GS&T and Bourbon
$253 million term loan facility
Mar. 30, 2011
Genco Rhone
Master Agreement between GS&T and Bourbon
$253 million term loan facility
Mar. 29, 2011
Genco Rhone
Master Agreement between GS&T and Bourbon
5.00% convertible senior notes
Sep. 30, 2012
Newbuilding contract
Sep. 30, 2011
Newbuilding contract
Sep. 30, 2012
Newbuilding contract
Sep. 30, 2011
Newbuilding contract
Jun. 30, 2011
Genco Avra
May 12, 2011
Genco Avra
Purchase agreement between GS&T and Metrostar companies
item
Jul. 20, 2011
Genco Mare
Purchase agreement between GS&T and Metrostar companies
item
Dec. 31, 2011
Genco Spirit
Nov. 10, 2011
Genco Spirit
Purchase agreement between GS&T and Metrostar companies
item
Dec. 31, 2011
Genco Avra, Genco Mare and Genco Spirit
Purchase agreement between GS&T and Metrostar companies
May 12, 2011
Genco Avra, Genco Mare and Genco Spirit
Purchase agreement between GS&T and Metrostar companies
Jun. 03, 2010
Genco Avra, Genco Mare and Genco Spirit
Purchase agreement between GS&T and Metrostar companies
vessel
Dec. 31, 2011
Genco Avra, Genco Mare and Genco Spirit
Purchase agreement between GS&T and Metrostar companies
$100 million term loan facility
VESSEL ACQUISITIONS AND DISPOSITIONS                                                            
Capacity of vessels                           58,000                 34,400 34,400   34,400        
Number of vessels purchased           13     5     13 5                                  
Total purchase price                           $ 35,700,000                                
Stated interest rate (as a percent)                   5.00% 5.00%           5.00%                          
Face amount of term loan facility         253,000,000 253,000,000 100,000,000 100,000,000               253,000,000                            
Amount borrowed         253,000,000   100,000,000               21,500,000                             60,000,000
Number of last vessels delivered pursuant to agreement                                                         3  
Cash utilized to pay liability for vessels acquired                                                     29,800,000      
Remaining liability for vessels acquired, before repayment                                                       89,800,000    
Liability for time charter acquired                                           372,000     205,000          
Amortization of time charters acquired 187,000 463,000 558,000 1,432,000                                                    
Capitalized interest associated with newbuilding contracts                                   $ 0 $ 33,000 $ 0 $ 165,000