NONVESTED STOCK AWARDS (Tables)

9 Months Ended

Sep. 30, 2013

2005 and 2012 GS&T Plans [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the GS&T Plans, which is included in general, administrative and management fees, as follows:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013			2012
General, administrative, and management fees		$	749		$	1,069		$	2,314		$	3,214

Nonvested Stock Amortization Expense

For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013			2012
General, administrative, and management fees		$	341		$	403		$	1,156		$	1,377

Baltic Trading Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Nonvested Stock Awards

The table below summarizes the Company’s nonvested stock awards for the nine months ended September 30, 2013 under the Genco Shipping & Trading Limited 2005 and 2012 Equity Incentive Plans (the “GS&T Plans”):

	Number of Shares			Weighted Average Grant Date Price
Outstanding at January 1, 2013		1,108,762		$	9.47
Granted		200,634			1.57
Vested		(70,000	)		2.86
Forfeited		(21,500	)		5.53

Outstanding at September 30, 2013		1,217,896		$	8.61

Nonvested Stock Amortization Expense

The following table presents a summary of Baltic Trading’s nonvested stock awards for the nine months ended September 30, 2013 under the Baltic Trading Limited 2010 Equity Incentive Plan (the “Baltic Trading Plan”):

	Number of Baltic Trading Common Shares			Weighted Average Grant Date Price
Outstanding at January 1, 2013		664,249		$	7.70
Granted		59,680			3.77
Vested		(166,500	)		10.76
Forfeited		—			—

Outstanding at September 30, 2013		557,429		$	6.37