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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 57,720 $ 122,722
Restricted cash 9,975 9,850
Due from charterers, net of a reserve of $639 and $632, respectively 12,000 14,241
Prepaid expenses and other current assets 23,312 19,065
Total current assets 103,007 165,878
Noncurrent assets:    
Vessels, net of accumulated depreciation of $799,020 and $730,662, respectively 2,607,784 2,673,795
Deposits on vessels 28,634 1,013
Deferred drydock, net of accumulated amortization of $10,665 and $11,107, respectively 16,775 11,069
Deferred financing costs, net of accumulated amortization of $26,570 and $22,279, respectively 18,002 22,011
Fixed assets, net of accumulated depreciation and amortization of $3,873 and $3,438, respectively 4,052 5,104
Other noncurrent assets 514 514
Restricted cash 300 300
Investments 49,618 77,570
Total noncurrent assets 2,725,679 2,791,376
Total assets 2,828,686 2,957,254
Current liabilities not subject to compromise:    
Accounts payable and accrued expenses 39,527 27,359
Current portion of long-term debt 4,250 1,316,439
Current interest payable   13,199
Convertible senior note payable   115,881
Deferred revenue 1,151 1,597
Time charters acquired 17  
Current portion of lease obligations   176
Fair value of derivative instruments   6,975
Total current liabilities not subject to compromise: 44,945 1,481,626
Noncurrent liabilities not subject to compromise:    
Long-term lease obligations 2,658 3,114
Time charters acquired   84
Long-term debt 161,500 163,625
Total noncurrent liabilities not subject to compromise 164,158 166,823
Total liabilities subject to compromise 1,443,575  
Total liabilities 1,652,678 1,648,449
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 shares at June 30, 2014 and December 31, 2013 445 445
Additional paid-in capital 847,547 846,658
Accumulated other comprehensive income 28,076 53,722
Retained (deficit) earnings (32,986) 66,644
Total Genco Shipping & Trading Limited shareholders' equity 843,082 967,469
Noncontrolling interest 332,926 341,336
Total equity 1,176,008 1,308,805
Total liabilities and equity $ 2,828,686 $ 2,957,254