XML 63 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Equity (USD $)
In Thousands, unless otherwise specified
Predecessor
Genco Shipping & Trading Limited Shareholders' Equity
Predecessor
Common Stock
Predecessor
Additional Paid-in Capital
Predecessor
Accumulated Other Comprehensive (Loss) Income
Predecessor
Retained (Deficit) Earnings
Predecessor
Noncontrolling Interest
Predecessor
Genco Shipping & Trading Limited Shareholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained (Deficit) Earnings
Noncontrolling Interest
Total
Balance at Dec. 31, 2011 $ 1,151,606us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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$ 363us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_CommonStockMember
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= us-gaap_PredecessorMember
$ 809,443us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_AdditionalPaidInCapitalMember
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= us-gaap_PredecessorMember
$ (17,549)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_AccumulatedOtherComprehensiveIncomeMember
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= us-gaap_PredecessorMember
$ 359,349us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_RetainedEarningsMember
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= us-gaap_PredecessorMember
$ 210,012us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_NoncontrollingInterestMember
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= us-gaap_PredecessorMember
$ 1,361,618us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Increase (Decrease) in Shareholders' Equity                            
Net loss (144,928)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
      (144,928)us-gaap_ProfitLoss
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= us-gaap_RetainedEarningsMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(12,848)us-gaap_ProfitLoss
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= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(157,776)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Unrealized (loss) gain on investments (3,480)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    (3,480)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    (3,480)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Unrealized gain on cash flow hedges, net 9,188us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    9,188us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    9,188us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Issuance of common stock (131,017 and 7,500,000 during the years ended December 31, 2014 and 2012) 49,874us-gaap_StockIssuedDuringPeriodValueNewIssues
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/ us-gaap_StatementScenarioAxis
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75us-gaap_StockIssuedDuringPeriodValueNewIssues
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49,799us-gaap_StockIssuedDuringPeriodValueNewIssues
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= us-gaap_PredecessorMember
      49,874us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Issuance of shares of nonvested stock, less forfeitures   5us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(5)us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
                     
Nonvested stock amortization 4,087us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  4,087us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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= us-gaap_AdditionalPaidInCapitalMember
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= us-gaap_PredecessorMember
    1,777us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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/ us-gaap_StatementScenarioAxis
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5,864us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Cash dividends paid by Baltic Trading Limited (30)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
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/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
      (30)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(4,051)gnk_DividendsCashPaidBySubsidiary
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= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(4,081)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Vesting of restricted shares issued by Baltic Trading Limited (21)gnk_VestingOfRestrictedSharesOfSubsidiary
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/ us-gaap_StatementScenarioAxis
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  (21)gnk_VestingOfRestrictedSharesOfSubsidiary
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    21gnk_VestingOfRestrictedSharesOfSubsidiary
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Balance at Dec. 31, 2012 1,066,296us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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/ us-gaap_StatementScenarioAxis
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443us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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863,303us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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= us-gaap_PredecessorMember
(11,841)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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214,391us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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194,911us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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1,261,207us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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Increase (Decrease) in Shareholders' Equity                            
Net loss             (51,950)us-gaap_ProfitLoss
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Balance at Mar. 31, 2013                            
Balance at Dec. 31, 2012 1,066,296us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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/ us-gaap_StatementScenarioAxis
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443us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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863,303us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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(11,841)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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214,391us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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194,911us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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1,261,207us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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Increase (Decrease) in Shareholders' Equity                            
Net loss (147,741)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
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/ us-gaap_StatementScenarioAxis
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      (147,741)us-gaap_ProfitLoss
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/ us-gaap_StatementScenarioAxis
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(9,280)us-gaap_ProfitLoss
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= us-gaap_PredecessorMember
(157,021)us-gaap_ProfitLoss
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Unrealized (loss) gain on investments 56,482us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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= us-gaap_ParentMember
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    56,482us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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    56,482us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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Unrealized gain on cash flow hedges, net 9,081us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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/ us-gaap_StatementScenarioAxis
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    9,081us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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    9,081us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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Issuance of shares of nonvested stock, less forfeitures   2us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
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(2)us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
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Nonvested stock amortization 2,924us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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  2,924us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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    1,558us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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4,482us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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Issuance of common stock of Baltic Trading Limited (19,532)us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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    155,695us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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136,163us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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Cash dividends paid by Baltic Trading Limited (6)gnk_DividendsCashPaidBySubsidiary
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(1,583)gnk_DividendsCashPaidBySubsidiary
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(1,589)gnk_DividendsCashPaidBySubsidiary
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Vesting of restricted shares issued by Baltic Trading Limited (35)gnk_VestingOfRestrictedSharesOfSubsidiary
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Balance at Dec. 31, 2013 967,469us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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341,336us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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1,308,805us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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Increase (Decrease) in Shareholders' Equity                            
Net loss             (19,155)us-gaap_ProfitLoss
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Balance at Dec. 31, 2013             1,308,805us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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Increase (Decrease) in Shareholders' Equity                            
Net loss             (42,238)us-gaap_ProfitLoss
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Balance at Dec. 31, 2013 967,469us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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Increase (Decrease) in Shareholders' Equity                            
Net loss             784,557us-gaap_ProfitLoss
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(132,841)gnk_ProfitLossBeforeReorganization
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Unrealized (loss) gain on investments (25,766)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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Unrealized gain on cash flow hedges, net 2,401us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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  2,403us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    1,949us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
4,352us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Cancellation of Predecessor common stock               (849,575)gnk_CancellationOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(445)gnk_CancellationOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(849,130)gnk_CancellationOfCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      (849,575)gnk_CancellationOfCommonStock
Elimination of Predecessor accumulated deficit and accumulated other comprehensive income               (890,293)gnk_EliminationOfAccumulatedDeficitAndAccumulatedOtherComprehensiveIncome
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
    (30,357)gnk_EliminationOfAccumulatedDeficitAndAccumulatedOtherComprehensiveIncome
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(859,936)gnk_EliminationOfAccumulatedDeficitAndAccumulatedOtherComprehensiveIncome
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  (890,293)gnk_EliminationOfAccumulatedDeficitAndAccumulatedOtherComprehensiveIncome
Elimination of Predecessor non-controlling interest                         (332,436)gnk_EliminationOfNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
(332,436)gnk_EliminationOfNonControllingInterest
Issuance of new equity interests in connection with emergence from Chapter 11, including $100 rights offering               1,233,000gnk_IssuanceOfNewEquityInterests
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
603gnk_IssuanceOfNewEquityInterests
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,232,397gnk_IssuanceOfNewEquityInterests
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      1,233,000gnk_IssuanceOfNewEquityInterests
Revaluation of non-controlling interest                         279,069gnk_RevaluationOfNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
279,069gnk_RevaluationOfNonControllingInterest
Cash dividends paid by Baltic Trading Limited (5)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (5)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    (2,041)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(2,046)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Vesting of restricted shares issued by Baltic Trading Limited 74gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  74gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    (74)gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
               
Subtotal - July 9, 2014 (Predecessor) 822,469gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
445gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
849,130gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
30,357gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(57,463)gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
332,436gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
1,154,905gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
            1,512,069gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
Net gain from fresh-start adjustments (see Note 21) 917,399gnk_ReorganizationItemsAndFreshStartAccountingAdjustmentsNet
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
      917,399gnk_ReorganizationItemsAndFreshStartAccountingAdjustmentsNet
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  917,399gnk_ReorganizationItemsAndFreshStartAccountingAdjustmentsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Balance at Jul. 09, 2014 1,739,868us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
445us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
849,130us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
30,357us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
859,936us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
332,436us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
2,072,304us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Balance at Jun. 30, 2014                            
Increase (Decrease) in Shareholders' Equity                            
Net loss             892,351us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Subtotal - July 9, 2014 (Predecessor)   445gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
        1,154,905gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Balance at Jul. 09, 2014   445us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
        2,072,304us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
             
Increase (Decrease) in Shareholders' Equity                            
Net loss               (204,117)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
      (204,117)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(9,241)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
(213,358)us-gaap_ProfitLoss
Unrealized (loss) gain on investments               (25,317)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
    (25,317)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
    (25,317)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Issuance of common stock (131,017 and 7,500,000 during the years ended December 31, 2014 and 2012)                 1us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(1)us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
       
Issuance of shares of nonvested stock, less forfeitures                 11us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(11)us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
       
Nonvested stock amortization               18,854us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  18,854us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    1,551us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
20,405us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
Cash dividends paid by Baltic Trading Limited               (3)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  (3)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    (1,022)gnk_DividendsCashPaidBySubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
(1,025)gnk_DividendsCashPaidBySubsidiary
Vesting of restricted shares issued by Baltic Trading Limited               (39)gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  (39)gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
    39gnk_VestingOfRestrictedSharesOfSubsidiary
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
 
Balance at Dec. 31, 2014               $ 1,022,378us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
$ 615us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 1,251,197us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ (25,317)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (204,117)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 270,396us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
$ 1,292,774us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest