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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 69,555 $ 72,600
Restricted cash 9,850  
Due from charterers, net of a reserve of $408 and $488, respectively 10,946 11,714
Prepaid expenses and other current assets 21,047 18,146
Total current assets 111,398 102,460
Noncurrent assets:    
Vessels, net of accumulated depreciation of $663,055 and $597,214, respectively 2,596,615 2,662,403
Deferred drydock, net of accumulated amortization of $10,403 and $8,086, respectively 10,634 12,037
Other assets, net of accumulated amortization of $16,853 and $13,162, respectively 25,870 29,561
Fixed assets, net of accumulated depreciation and amortization of $3,765 and $3,311, respectively 5,014 5,258
Other noncurrent assets 514 514
Restricted cash 300 10,150
Investments 27,315 20,988
Total noncurrent assets 2,666,262 2,740,911
Total assets 2,777,660 2,843,371
Current liabilities:    
Accounts payable and accrued expenses 25,629 23,667
Current portion of long-term debt 1,312,189  
Current interest payable 13,199  
Convertible senior note payable 113,306  
Deferred revenue 1,337 1,324
Current portion of lease obligations 444 682
Fair value of derivative instruments 11,370 7
Total current liabilities 1,477,474 25,680
Noncurrent liabilities:    
Long-term lease obligations 2,828 2,465
Time charters acquired 185 418
Fair value of derivative instruments   16,045
Convertible senior note payable   110,918
Long-term interest payable   13,199
Long-term debt 102,250 1,413,439
Total noncurrent liabilities 105,263 1,556,484
Total liabilities 1,582,737 1,582,164
Commitments and contingencies      
Genco Shipping & Trading Limited shareholders' equity:    
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,461,157 and 44,270,273 shares at June 30, 2013 and December 31, 2012, respectively 445 443
Additional paid-in capital 855,848 863,303
Accumulated other comprehensive loss (827) (11,841)
Retained earnings 120,855 214,391
Total Genco Shipping & Trading Limited shareholders' equity 976,321 1,066,296
Noncontrolling interest 218,602 194,911
Total equity 1,194,923 1,261,207
Total liabilities and equity $ 2,777,660 $ 2,843,371