XML 73 R68.htm IDEA: XBRL DOCUMENT v2.4.1.9
CASH FLOW INFORMATION (Details 3) (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Aug. 07, 2014
Dec. 31, 2014
May 16, 2013
Dec. 13, 2012
Nov. 07, 2012
May 17, 2012
Apr. 09, 2014
Dec. 18, 2014
Dec. 19, 2013
2005 and 2012 GS&T Plans | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares) 200,634us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
464,175us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
                 
2014 MIP Plan                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)     1,110,600us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2014ManagementIncentivePlanMember
1,110,600us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2014ManagementIncentivePlanMember
             
Fair value of nonvested stock     $ 22,212gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2014ManagementIncentivePlanMember
               
Directors | Genco Shipping and Trading Limited 2012 Equity Incentive Plan | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)         200,634us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2012EquityIncentivePlanMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
           
Fair value of nonvested stock         315gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2012EquityIncentivePlanMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
           
Directors | 2005 and 2012 GS&T Plans | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)           52,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
2,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
15,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
     
Fair value of nonvested stock           141gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
7gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
53gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
     
Participating Officers, Directors And Other Management | 2014 MIP Plan                      
Nonvested Stock Awards                      
Fair value of nonvested stock     54,436gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2014ManagementIncentivePlanMember
/ us-gaap_TitleOfIndividualAxis
= gnk_ParticipatingOfficersDirectorsAndOtherManagementMember
               
Number of warrants issued     8,557,461gnk_ClassOfWarrantOrRightNumberOfWarrantsIssued
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2014ManagementIncentivePlanMember
/ us-gaap_TitleOfIndividualAxis
= gnk_ParticipatingOfficersDirectorsAndOtherManagementMember
               
Peter C. Georgiopoulos, Chairman of Board | 2005 and 2012 GS&T Plans | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)           100,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_BoardOfDirectorsChairmanMember
         
Fair value of nonvested stock           268gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_BoardOfDirectorsChairmanMember
         
Employees | 2005 and 2012 GS&T Plans | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)           294,175us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_EmployeesMember
         
Fair value of nonvested stock           788gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ us-gaap_PlanNameAxis
= gnk_GencoShippingAndTradingLimited2005And2012EquityIncentivePlansMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_EmployeesMember
         
Baltic Trading Limited | Directors | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)         59,680us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
37,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
  12,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
36,345us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
   
Fair value of nonvested stock         225gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
113gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
  48gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
225gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_DirectorMember
   
Baltic Trading Limited | Peter C. Georgiopoulos, Chairman of Board                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)                   700,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_BoardOfDirectorsChairmanMember
 
Baltic Trading Limited | Peter C. Georgiopoulos, Chairman of Board | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)           166,666us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_BoardOfDirectorsChairmanMember
        539,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= us-gaap_BoardOfDirectorsChairmanMember
Baltic Trading Limited | John Wobensmith, President and Chief Financial officer                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)                   350,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_TitleOfIndividualAxis
= gnk_PresidentAndChiefFinancialOfficerMember
 
Baltic Trading Limited | John Wobensmith, President and Chief Financial officer | Predecessor                      
Nonvested Stock Awards                      
Nonvested common stock granted (in shares)           83,333us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_PresidentAndChiefFinancialOfficerMember
        400,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_PresidentAndChiefFinancialOfficerMember
Baltic Trading Limited | Board of Directors Chairman and President and Chief Financial Officer                      
Nonvested Stock Awards                      
Fair value of nonvested stock                   2,615gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_TitleOfIndividualAxis
= gnk_BoardOfDirectorsChairmanAndPresidentAndChiefFinancialOfficerMember
 
Baltic Trading Limited | Board of Directors Chairman and President and Chief Financial Officer | Predecessor                      
Nonvested Stock Awards                      
Fair value of nonvested stock           $ 750gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_BoardOfDirectorsChairmanAndPresidentAndChiefFinancialOfficerMember
        5,371gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
/ dei_LegalEntityAxis
= gnk_BalticTradingLimitedMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
/ us-gaap_TitleOfIndividualAxis
= gnk_BoardOfDirectorsChairmanAndPresidentAndChiefFinancialOfficerMember