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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Voyage revenues $ 58,605 $ 53,603 $ 143,222 $ 174,740
Service revenues 828 828 2,457 2,466
Total revenues 59,433 54,431 145,679 177,206
Operating expenses:        
Voyage expenses 2,212 2,693 6,352 5,099
Vessel operating expenses 27,515 28,272 81,400 85,622
General, administrative, and management fees 7,871 8,622 24,543 25,680
Depreciation and amortization 35,222 35,038 104,322 103,954
Total operating expenses 72,820 74,625 216,617 220,355
Operating loss (13,387) (20,194) (70,938) (43,149)
Other (expense) income:        
Other expense (45) (43) (58) (40)
Interest income 14 49 49 352
Interest expense (23,079) (21,546) (65,922) (65,160)
Other expense (23,110) (21,540) (65,931) (64,848)
Loss before income taxes (36,497) (41,734) (136,869) (107,997)
Income tax expense (479) (303) (997) (918)
Net loss (36,976) (42,037) (137,866) (108,915)
Less: Net loss attributable to noncontrolling interest (1,942) (3,588) (9,300) (9,626)
Net loss attributable to Genco Shipping & Trading Limited $ (35,034) $ (38,449) $ (128,566) $ (99,289)
Net loss per share-basic (in dollars per share) $ (0.81) $ (0.90) $ (2.98) $ (2.40)
Net loss per share-diluted (in dollars per share) $ (0.81) $ (0.90) $ (2.98) $ (2.40)
Weighted average common shares outstanding-basic (in shares) 43,231,510 42,885,810 43,196,895 41,290,719
Weighted average common shares outstanding-diluted (in shares) 43,231,510 42,885,810 43,196,895 41,290,719
Dividends declared per share (in dollars per share) $ 0 $ 0 $ 0 $ 0