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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
UNAUDITED QUARTERLY RESULTS OF OPERATIONS                      
Revenues $ 49,247 $ 54,431 $ 62,931 $ 59,844 $ 97,143 $ 94,312 $ 99,330 $ 101,429 $ 226,453 $ 392,214 $ 448,687
Operating (loss) income (26,197) (20,194) (10,433) (12,521) 23,949 23,340 31,616 33,734 (69,345) 112,639 221,291
Net (loss) income (48,864) (42,037) (30,492) (36,383) 1,652 1,417 9,828 12,171 (157,776) 25,068 147,409
Net (loss) income attributable to noncontrolling interest (3,197) (3,588) (2,751) (3,312) 1,344 (145) (262) (1,255) (12,848) (318) 6,166
Net (loss) income attributable to Genco Shipping & Trading Limited $ (45,667) $ (38,449) $ (27,741) $ (33,071) $ 308 $ 1,562 $ 10,090 $ 13,426 $ (144,928) $ 25,386 $ 141,243
Net (loss) income per share - Basic (in dollars per share) $ (1.06) $ (0.90) $ (0.65) $ (0.87) $ 0.01 $ 0.04 $ 0.29 $ 0.38 $ (3.47) $ 0.72 $ 4.28
Net (loss) income per share - Diluted (in dollars per share) $ (1.06) $ (0.90) $ (0.65) $ (0.87) $ 0.01 $ 0.04 $ 0.29 $ 0.38 $ (3.47) $ 0.72 $ 4.07
Weighted average common shares outstanding - Basic 43,026,657 42,885,810 42,878,228 38,090,590 35,266,283 35,157,110 35,150,352 35,142,110 41,727,075 35,179,244 32,987,449
Weighted average common shares outstanding - Diluted 43,026,657 42,885,810 42,878,228 38,090,590 35,395,190 35,218,840 35,204,649 35,218,699 41,727,075 35,258,205 35,891,373