Condensed Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended	12 Months Ended
Dec. 31, 2014	Jul. 09, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Voyage revenues	$ 98,817us-gaap_CargoAndFreightRevenue
Service revenues	1,584us-gaap_SalesRevenueServicesNet
Total revenues	100,401us-gaap_Revenues
Operating expenses:
Voyage expenses	7,525gnk_VoyageExpenses
Vessel operating expenses	56,943us-gaap_DirectOperatingCosts
General, administrative, and management fees	36,915
Depreciation and amortization	36,714
Other operating income	(530)us-gaap_OtherOperatingIncome
Goodwill impairment	166,067us-gaap_GoodwillImpairmentLoss
Total operating expenses	303,634us-gaap_CostsAndExpenses
Operating loss	(203,233)us-gaap_OperatingIncomeLoss
Other (expense) income:
Other income (expense)	36us-gaap_OtherNonoperatingIncomeExpense
Interest income	46us-gaap_InvestmentIncomeInterest
Interest expense	(7,620)us-gaap_InterestExpense
Other expense	(7,538)us-gaap_NonoperatingIncomeExpense
Loss before reorganization items, net	(210,771)gnk_IncomeLossBeforeReorganizationItems
Reorganization items, net	(1,591)us-gaap_ReorganizationItems
(Loss) income before income taxes	(212,362)
Income tax expense	(996)us-gaap_IncomeTaxExpenseBenefit
Net (loss) income	(213,358)us-gaap_ProfitLoss
Less: Net loss attributable to noncontrolling interest	(9,241)
Net (loss) income attributable to Genco Shipping & Trading Limited	(204,117)
Net (loss) income per share-basic	$ (3.38)us-gaap_EarningsPerShareBasic
Net (loss) income per share-diluted	$ (3.38)us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding-basic	60,360,515
Weighted average common shares outstanding-diluted	60,360,515
Predecessor
Revenues:
Voyage revenues		118,759	224,179	223,159
Service revenues		1,701	3,285	3,294
Total revenues		120,460	227,464	226,453
Operating expenses:
Voyage expenses		4,140	8,046	7,009
Vessel operating expenses		64,670	111,671	114,318
General, administrative, and management fees		31,371	34,031	35,673
Depreciation and amortization		75,952	140,743	139,063
Other operating income		0	(121)	(265)
Total operating expenses		176,133	294,370	295,798
Operating loss		(55,673)	(66,906)	(69,345)
Other (expense) income:
Other income (expense)		(106)	(76)	(29)
Interest income		45	75	378
Interest expense		(41,061)	(88,216)	(87,558)
Other expense		(41,122)	(88,217)	(87,209)
Loss before reorganization items, net		(96,795)	(155,123)	(156,554)
Reorganization items, net		882,167
(Loss) income before income taxes		785,372	(155,123)	(156,554)
Income tax expense		(815)	(1,898)	(1,222)
Net (loss) income		784,557	(157,021)	(157,776)
Less: Net loss attributable to noncontrolling interest		(8,734)	(9,280)	(12,848)
Net (loss) income attributable to Genco Shipping & Trading Limited		$ 793,291	$ (147,741)	$ (144,928)
Net (loss) income per share-basic		$ 18.21	$ (3.42)	$ (3.47)
Net (loss) income per share-diluted		$ 18.21	$ (3.42)	$ (3.47)
Weighted average common shares outstanding-basic		43,568,942	43,249,070	41,727,075
Weighted average common shares outstanding-diluted		43,568,942	43,249,070	41,727,075

This element represents total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the transport and shipping business of the company. Management fees include expenses to third-party technical management companies for the day-to-day management of our vessels, including performing routine maintenance, attending to vessel operations and arranging for crews and supplies.

No definition available.