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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 72,600 $ 227,968
Due from charterers, net 11,714 13,688
Prepaid expenses and other current assets 18,146 17,709
Total current assets 102,460 259,365
Noncurrent assets:    
Vessels, net of accumulated depreciation of $597,214 and $464,518, respectively 2,662,403 2,794,860
Deferred drydock, net of accumulated amortization of $8,086 and $11,111, respectively 12,037 6,934
Other assets, net of accumulated amortization of $13,162 and $7,749, respectively 29,561 17,795
Fixed assets, net of accumulated depreciation and amortization of $3,311and $2,422, respectively 5,258 5,591
Other noncurrent assets 514 514
Restricted cash 10,150 9,750
Investments 20,988 24,468
Total noncurrent assets 2,740,911 2,859,912
Total assets 2,843,371 3,119,277
Current liabilities:    
Accounts payable and accrued expenses 23,667 30,712
Current portion of long-term debt   185,077
Deferred revenue 1,324 4,227
Current portion of lease obligations 682  
Fair value of derivative instruments 7 1,686
Total current liabilities 25,680 221,702
Noncurrent liabilities:    
Long-term lease obligations 2,465 1,823
Time charters acquired 418 1,164
Fair value of derivative instruments 16,045 23,654
Convertible senior note payable 110,918 106,381
Long-term interest payable 13,199  
Long-term debt 1,413,439 1,402,935
Total noncurrent liabilities 1,556,484 1,535,957
Total liabilities 1,582,164 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 44,270,273 and 36,307,598 shares at December 31, 2012 and December 31, 2011, respectively 443 363
Additional paid-in capital 863,303 809,443
Accumulated other comprehensive loss (11,841) (17,549)
Retained earnings 214,391 359,349
Total Genco Shipping & Trading Limited shareholders' equity 1,066,296 1,151,606
Noncontrolling interest 194,911 210,012
Total equity 1,261,207 1,361,618
Total liabilities and equity $ 2,843,371 $ 3,119,277