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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Predecessor
Current assets:    
Cash and cash equivalents $ 106,620 $ 122,722
Restricted cash 9,850 9,850
Due from charterers, net of a reserve of $1,576 and $632, respectively 15,594 14,241
Prepaid expenses and other current assets 25,240 19,065
Time charters acquired 16  
Total current assets 157,320 165,878
Noncurrent assets:    
Vessels, net of accumulated depreciation of $17,215 and $730,662, respectively 1,522,106 2,673,795
Deposits on vessels 31,396 1,013
Deferred drydock, net of accumulated amortization of $69 and $11,107, respectively 3,096 11,069
Deferred financing costs, net of accumulated amortization of $2,562 and $22,279, respectively 6,691 22,011
Fixed assets, net of accumulated depreciation and amortization of $66 and $3,438, respectively 646 5,104
Other noncurrent assets 514 514
Restricted cash 300 300
Investments 38,463 77,570
Goodwill 166,067  
Total noncurrent assets 1,769,279 2,791,376
Total assets 1,926,599 2,957,254
Current liabilities:    
Accounts payable and accrued expenses 36,949 27,359
Current portion of long-term debt 32,242 1,316,439
Current interest payable   13,199
Convertible senior note payable   115,881
Deferred revenue 893 1,597
Current portion of lease obligations   176
Fair value of derivative instruments   6,975
Total current liabilities: 70,084 1,481,626
Noncurrent liabilities:    
Long-term lease obligations 186 3,114
Time charters acquired   84
Long-term debt 372,803 163,625
Total noncurrent liabilities 372,989 166,823
Total liabilities 443,073 1,648,449
Commitments and contingencies      
Genco Shipping & Trading Limited shareholders' equity:    
Common stock 614 445
Additional paid-in capital 1,239,439 846,658
Accumulated other comprehensive (loss) income (13,341) 53,722
Retained (deficit) earnings (18,290) 66,644
Total Genco Shipping & Trading Limited shareholders' equity 1,208,422 967,469
Noncontrolling interest 275,104 341,336
Total equity 1,483,526 1,308,805
Total liabilities and equity $ 1,926,599 $ 2,957,254