XML 110 R58.htm IDEA: XBRL DOCUMENT v2.4.1.9
GENERAL INFORMATION (Details 2) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jul. 09, 2014
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents $ 136,077us-gaap_FreshStartAdjustmentIncreaseDecreaseCashAndCashEquivalents
Restricted cash 9,975us-gaap_FreshStartAdjustmentIncreaseDecreaseRestrictedCashAndCashEquivalentsCurrent
Due from charterers, net 13,194us-gaap_FreshStartAdjustmentIncreaseDecreaseReceivablesNet
Prepaid expenses and other current assets 30,759us-gaap_FreshStartAdjustmentIncreaseDecreasePrepaidAndOtherCurrentAssets
Time charters acquired 450gnk_FreshStartAdjustmentIncreaseDecreaseFairValueOfTimeChartersAcquired
Total current assets 190,455us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentAssets
Noncurrent assets:  
Vessels, net 1,538,849gnk_FreshStartAdjustmentIncreaseDecreaseVesselsNet
Deposits on vessels 30,975gnk_FreshStartAdjustmentIncreaseDecreaseDepositsOnVessels
Deferred drydock, net 188gnk_FreshStartAdjustmentIncreaseDecreaseDeferredDrydockNet
Deferred financing costs, net 7,060gnk_FreshStartAdjustmentIncreaseDecreaseDeferredFinancingCostsNet
Fixed assets, net 610us-gaap_FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet
Other noncurrent assets 514us-gaap_FreshStartAdjustmentIncreaseDecreaseOtherAssetsNoncurrent
Restricted cash 300us-gaap_FreshStartAdjustmentIncreaseDecreaseRestrictedCashAndCashEquivalentsNoncurrent
Investments 51,804us-gaap_FreshStartAdjustmentIncreaseDecreaseInvestments
Goodwill 166,067us-gaap_FreshStartAdjustmentIncreaseDecreaseGoodwill
Total non current assets 1,796,367gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentAssets
Total assets 1,986,822us-gaap_FreshStartAdjustmentIncreaseDecreaseAssets
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses 65,725gnk_FreshStartAdjustmentIncreaseDecreaseAccountsPayableAndAccruedExpenses
Current portion of long-term debt 32,242us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentMaturitiesOfLongTermDebt
Deferred Revenue 997gnk_FreshStartAdjustmentIncreaseDecreaseDeferredRevenue
Total current liabilities not subject to compromise 98,964us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentLiabilities
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term debt 375,789us-gaap_FreshStartAdjustmentIncreaseDecreaseLongTermDebt
Total noncurrent liabilities not subject to compromises 375,789gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentLiabilities
Total liabilities 474,753us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilities
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Common stock 603us-gaap_FreshStartAdjustmentIncreaseDecreaseCommonStock
Additional paid-in capital 1,232,397us-gaap_FreshStartAdjustmentIncreaseDecreaseAdditionalPaidInCapital
Total Genco Shipping & Trading Limited shareholders' equity 1,233,000us-gaap_FreshStartAdjustmentIncreaseDecreaseStockholdersEquity
Noncontrolling interest 279,069gnk_FreshStartAdjustmentIncreaseDecreaseMinorityInterest
Total equity 1,512,069gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
Total liabilities and equity 1,986,822us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesAndStockholdersEquity
Discharge of Debt  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents 87,526us-gaap_FreshStartAdjustmentIncreaseDecreaseCashAndCashEquivalents
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total current assets 87,526us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Noncurrent assets:  
Deferred financing costs, net (11,893)gnk_FreshStartAdjustmentIncreaseDecreaseDeferredFinancingCostsNet
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total non current assets (11,893)gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total assets 75,633us-gaap_FreshStartAdjustmentIncreaseDecreaseAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses (1,086)gnk_FreshStartAdjustmentIncreaseDecreaseAccountsPayableAndAccruedExpenses
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total current liabilities not subject to compromise (1,086)us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Total liabilities subject to compromise (1,194,687)us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesSubjectToCompromise
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total liabilities (1,195,773)us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Common stock 603us-gaap_FreshStartAdjustmentIncreaseDecreaseCommonStock
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Additional paid-in capital 1,232,397us-gaap_FreshStartAdjustmentIncreaseDecreaseAdditionalPaidInCapital
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Accumulated other comprehensive income 4,574us-gaap_FreshStartAdjustmentIncreaseDecreaseAccumulatedOtherComprehensiveIncomeLoss
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Retained (deficit) earnings 936,774us-gaap_FreshStartAdjustmentIncreaseDecreaseRetainedEarningsDeficit
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total Genco Shipping & Trading Limited shareholders' equity 1,324,773us-gaap_FreshStartAdjustmentIncreaseDecreaseStockholdersEquity
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Noncontrolling interest (53,367)gnk_FreshStartAdjustmentIncreaseDecreaseMinorityInterest
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total equity 1,271,406gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Total liabilities and equity 75,633us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesAndStockholdersEquity
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Proceeds from rights offering 100,000us-gaap_ProceedsFromIssuanceOfWarrants
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Write off of unamortized deferred financing fees for debt 15,383us-gaap_WriteOffOfDeferredDebtIssuanceCost
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Discharge of Debt | 2010 Notes  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Debt outstanding classified as liabilities subject to compromise 117,473gnk_LiabilitiesSubjectToCompromiseDebt
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Bond coupon interest payable 1,105gnk_LiabilitiesSubjectToCompromiseBondCouponInterestPayable
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_ConvertibleNotesPayableMember
Discharge of Debt | 2007 Credit Facility  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Debt outstanding classified as liabilities subject to compromise 1,055,912gnk_LiabilitiesSubjectToCompromiseDebt
/ us-gaap_CreditFacilityAxis
= gnk_CreditFacility2007Member
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Interest payable classified as liabilities subject to compromise 1,772gnk_LiabilitiesSubjectToCompromiseInterestPayable
/ us-gaap_CreditFacilityAxis
= gnk_CreditFacility2007Member
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Long-term Interest payable 13,199gnk_LiabilitiesSubjectToCompromiseLongTermInterestPayable
/ us-gaap_CreditFacilityAxis
= gnk_CreditFacility2007Member
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Discharge of Debt | Amended and Restated Term Loan Facility  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Payment of deferred financing fees 3,490us-gaap_PostconfirmationDeferredFinancingCosts
/ us-gaap_CreditFacilityAxis
= gnk_AmendedAndRestatedTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Discharge of Debt | $253 Million Term Loan Facility  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Interest payable classified as liabilities subject to compromise 156gnk_LiabilitiesSubjectToCompromiseInterestPayable
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Line of Credit Facility Unpaid Amount 5,075gnk_LineOfCreditFacilityUnpaidAmount
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Discharge of Debt | $100 Million Term Loan Facility  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Interest payable classified as liabilities subject to compromise 59gnk_LiabilitiesSubjectToCompromiseInterestPayable
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Line of Credit Facility Unpaid Amount 1,923gnk_LineOfCreditFacilityUnpaidAmount
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
Reinstatement Of Liabilities  
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses 6,478gnk_FreshStartAdjustmentIncreaseDecreaseAccountsPayableAndAccruedExpenses
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Current portion of long-term debt 27,992us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentMaturitiesOfLongTermDebt
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Total current liabilities not subject to compromise 34,470us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term debt 214,289us-gaap_FreshStartAdjustmentIncreaseDecreaseLongTermDebt
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Total noncurrent liabilities not subject to compromises 214,289gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Total liabilities subject to compromise (248,759)us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesSubjectToCompromise
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Lease obligations 815gnk_FreshStartAdjustmentIncreaseDecreaseInLeaseObligations
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Pre-petition accounts payable 41us-gaap_PreconfirmationAccountsPayable
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Reinstatement Of Liabilities | DNB Bank ASA  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Termination of interest rate swap 5,622gnk_FreshStartAdjustmentIncreaseDecreaseInTerminationOfInterestRateSwaps
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
/ dei_LegalEntityAxis
= gnk_DNBBankASAMember
Reinstatement Of Liabilities | $253 Million Term Loan Facility  
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term debt 150,343us-gaap_FreshStartAdjustmentIncreaseDecreaseLongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Long-term debt, current 20,300gnk_FreshStartAdjustmentIncreaseDecreaseInCurrentLongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Reinstatement Of Liabilities | $100 Million Term Loan Facility  
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term debt 63,946us-gaap_FreshStartAdjustmentIncreaseDecreaseLongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Long-term debt, current 7,692gnk_FreshStartAdjustmentIncreaseDecreaseInCurrentLongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_ReinstatementOfLiabilitiesMember
Revaluation Of Assets And Liabilities  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Prepaid expenses and other current assets (41)us-gaap_FreshStartAdjustmentIncreaseDecreasePrepaidAndOtherCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Time charters acquired 450gnk_FreshStartAdjustmentIncreaseDecreaseFairValueOfTimeChartersAcquired
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total current assets 409us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Noncurrent assets:  
Vessels, net (1,065,882)gnk_FreshStartAdjustmentIncreaseDecreaseVesselsNet
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Deposits on vessels 2,317gnk_FreshStartAdjustmentIncreaseDecreaseDepositsOnVessels
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Deferred drydock, net (16,396)gnk_FreshStartAdjustmentIncreaseDecreaseDeferredDrydockNet
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Fixed assets, net (3,443)us-gaap_FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Goodwill 166,067us-gaap_FreshStartAdjustmentIncreaseDecreaseGoodwill
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total non current assets (917,337)gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total assets (916,928)us-gaap_FreshStartAdjustmentIncreaseDecreaseAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Current liabilities not subject to compromise:  
Time charters acquired (16)gnk_FreshStartAdjustmentIncreaseDecreaseTimeChartersAcquired
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total current liabilities not subject to compromise (16)us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term lease obligations (2,670)us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total noncurrent liabilities not subject to compromises (2,670)gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total liabilities (2,686)us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilities
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Accumulated other comprehensive income (34,931)us-gaap_FreshStartAdjustmentIncreaseDecreaseAccumulatedOtherComprehensiveIncomeLoss
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Retained (deficit) earnings (879,311)us-gaap_FreshStartAdjustmentIncreaseDecreaseRetainedEarningsDeficit
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total Genco Shipping & Trading Limited shareholders' equity (914,242)us-gaap_FreshStartAdjustmentIncreaseDecreaseStockholdersEquity
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total equity (914,242)gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Total liabilities and equity (916,928)us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesAndStockholdersEquity
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Vessels, net adjustment 1,083,404gnk_FreshStartAdjustmentIncreaseDecreaseVesselsNetAdjustmentInFairValue
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Prepaid and other current assets fair value adjustment 138gnk_FreshStartAdjustmentIncreaseDecreasePrepaidAndOtherCurrentAssetsFairValueAdjustment
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
Predecessor  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents 48,551us-gaap_FreshStartAdjustmentIncreaseDecreaseCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Restricted cash 9,975us-gaap_FreshStartAdjustmentIncreaseDecreaseRestrictedCashAndCashEquivalentsCurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Due from charterers, net 13,194us-gaap_FreshStartAdjustmentIncreaseDecreaseReceivablesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Prepaid expenses and other current assets 30,800us-gaap_FreshStartAdjustmentIncreaseDecreasePrepaidAndOtherCurrentAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total current assets 102,520us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Noncurrent assets:  
Vessels, net 2,604,731gnk_FreshStartAdjustmentIncreaseDecreaseVesselsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deposits on vessels 28,658gnk_FreshStartAdjustmentIncreaseDecreaseDepositsOnVessels
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred drydock, net 16,584gnk_FreshStartAdjustmentIncreaseDecreaseDeferredDrydockNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred financing costs, net 18,953gnk_FreshStartAdjustmentIncreaseDecreaseDeferredFinancingCostsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fixed assets, net 4,053us-gaap_FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other noncurrent assets 514us-gaap_FreshStartAdjustmentIncreaseDecreaseOtherAssetsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Restricted cash 300us-gaap_FreshStartAdjustmentIncreaseDecreaseRestrictedCashAndCashEquivalentsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investments 51,804us-gaap_FreshStartAdjustmentIncreaseDecreaseInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total non current assets 2,725,597gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total assets 2,828,117us-gaap_FreshStartAdjustmentIncreaseDecreaseAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses 60,333gnk_FreshStartAdjustmentIncreaseDecreaseAccountsPayableAndAccruedExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Current portion of long-term debt 4,250us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentMaturitiesOfLongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred Revenue 997gnk_FreshStartAdjustmentIncreaseDecreaseDeferredRevenue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Time charters acquired 16gnk_FreshStartAdjustmentIncreaseDecreaseTimeChartersAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total current liabilities not subject to compromise 65,596us-gaap_FreshStartAdjustmentIncreaseDecreaseCurrentLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fresh-Start Adjustment, Increase (Decrease), Non Current Liabilities [Abstract]  
Long-term lease obligations 2,670us-gaap_FreshStartAdjustmentIncreaseDecreaseCapitalLeaseObligationsNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Long-term debt 161,500us-gaap_FreshStartAdjustmentIncreaseDecreaseLongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total noncurrent liabilities not subject to compromises 164,170gnk_FreshStartAdjustmentIncreaseDecreaseNonCurrentLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities subject to compromise 1,443,446us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesSubjectToCompromise
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities 1,673,212us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Common stock 445us-gaap_FreshStartAdjustmentIncreaseDecreaseCommonStock
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Additional paid-in capital 849,130us-gaap_FreshStartAdjustmentIncreaseDecreaseAdditionalPaidInCapital
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accumulated other comprehensive income 30,357us-gaap_FreshStartAdjustmentIncreaseDecreaseAccumulatedOtherComprehensiveIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Retained (deficit) earnings (57,463)us-gaap_FreshStartAdjustmentIncreaseDecreaseRetainedEarningsDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total Genco Shipping & Trading Limited shareholders' equity 822,469us-gaap_FreshStartAdjustmentIncreaseDecreaseStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Noncontrolling interest 332,436gnk_FreshStartAdjustmentIncreaseDecreaseMinorityInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total equity 1,154,905gnk_FreshStartAdjustmentIncreaseDecreaseEquityIncludingNonControllingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities and equity 2,828,117us-gaap_FreshStartAdjustmentIncreaseDecreaseLiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Proceeds from rights offering 100,000us-gaap_ProceedsFromIssuanceOfWarrants
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Predecessor | Discharge of Debt  
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]  
Common stock (445)us-gaap_FreshStartAdjustmentIncreaseDecreaseCommonStock
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Additional paid-in capital (849,130)us-gaap_FreshStartAdjustmentIncreaseDecreaseAdditionalPaidInCapital
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= us-gaap_DischargeOfDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Predecessor | Revaluation Of Assets And Liabilities  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Prepaid expenses and other current assets 179us-gaap_FreshStartAdjustmentIncreaseDecreasePrepaidAndOtherCurrentAssets
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Current liabilities not subject to compromise:  
Time charters acquired $ 434gnk_FreshStartAdjustmentIncreaseDecreaseTimeChartersAcquired
/ us-gaap_FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis
= gnk_RevaluationOfAssetsAndLiabilitiesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember