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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 109,492 $ 72,600
Restricted cash 9,850 0
Due from charterers, net of a reserve of $361 and $488, respectively 14,780 11,714
Prepaid expenses and other current assets 18,390 18,146
Total current assets 152,512 102,460
Noncurrent assets:    
Vessels, net of accumulated depreciation of $696,621 and $597,214, respectively 2,604,147 2,662,403
Deferred drydock, net of accumulated amortization of $11,119 and $8,086, respectively 9,707 12,037
Other assets, net of accumulated amortization of $20,025 and $13,162, respectively 23,517 29,561
Fixed assets, net of accumulated depreciation and amortization of $3,998 and $3,311, respectively 5,198 5,258
Other noncurrent assets 514 514
Restricted cash 300 10,150
Investments 41,829 20,988
Total noncurrent assets 2,685,212 2,740,911
Total assets 2,837,724 2,843,371
Current liabilities:    
Accounts payable and accrued expenses 24,495 23,667
Current portion of long-term debt 1,313,689 0
Current interest payable 13,199 0
Convertible senior note payable 114,571 0
Deferred revenue 1,422 1,324
Current portion of lease obligations 284 682
Fair value of derivative instruments 9,292 7
Total current liabilities 1,476,952 25,680
Noncurrent liabilities:    
Long-term lease obligations 3,015 2,465
Time charters acquired 135 418
Fair value of derivative instruments 0 16,045
Convertible senior note payable 0 110,918
Long-term interest payable 0 13,199
Long-term debt 122,750 1,413,439
Total noncurrent liabilities 125,900 1,556,484
Total liabilities 1,602,852 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 44,449,407 and 44,270,273 shares at September 30, 2013 and December 31, 2012, respectively 445 443
Additional paid-in capital 849,021 863,303
Accumulated other comprehensive income (loss) 15,763 (11,841)
Retained earnings 85,821 214,391
Total Genco Shipping & Trading Limited shareholders' equity 951,050 1,066,296
Noncontrolling interest 283,822 194,911
Total equity 1,234,872 1,261,207
Total liabilities and equity $ 2,837,724 $ 2,843,371