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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 83,414  
Restricted cash 9,750  
Due from charterers, net 14,739  
Prepaid expenses and other current assets 22,423  
Total current assets 130,326  
Noncurrent assets:    
Vessels, net of accumulated depreciation of $36,258 and $730,662, respectively 1,532,843  
Deposits on vessels 25,593  
Deferred drydock, net of accumulated amortization of $330 and $11,107, respectively 6,234  
Deferred financing costs, net of accumulated amortization of $729 and $22,279, respectively 10,271  
Fixed assets, net of accumulated depreciation and amortization of $119 and $3,438, respectively 701  
Other noncurrent assets 514  
Restricted cash 19,945  
Investments 26,486  
Total noncurrent assets 1,622,587  
Total assets 1,752,913  
Current liabilities:    
Accounts payable and accrued expenses 28,217  
Current portion of long-term debt 34,324  
Deferred revenue 1,397  
Total current liabilities: 63,938  
Noncurrent liabilities:    
Long-term lease obligations 390  
Time charters acquired 0  
Long-term debt 395,811  
Total noncurrent liabilities 396,201  
Total liabilities $ 460,139  
Commitments and contingencies  
Genco Shipping & Trading Limited shareholders' equity:    
Common stock $ 615  
Additional paid-in capital 1,251,197  
Accumulated other comprehensive (loss) income (25,317)  
Retained (deficit) earnings (182,294)  
Total Genco Shipping & Trading Limited shareholders' equity 1,044,201  
Noncontrolling interest 248,573  
Total equity 1,292,774  
Total liabilities and equity $ 1,752,913  
Predecessor    
Current assets:    
Cash and cash equivalents   $ 122,722
Restricted cash   9,850
Due from charterers, net   14,241
Prepaid expenses and other current assets   19,065
Total current assets   165,878
Noncurrent assets:    
Vessels, net of accumulated depreciation of $36,258 and $730,662, respectively   2,673,795
Deposits on vessels   1,013
Deferred drydock, net of accumulated amortization of $330 and $11,107, respectively   11,069
Deferred financing costs, net of accumulated amortization of $729 and $22,279, respectively   22,011
Fixed assets, net of accumulated depreciation and amortization of $119 and $3,438, respectively   5,104
Other noncurrent assets   514
Restricted cash   300
Investments   77,570
Total noncurrent assets   2,791,376
Total assets   2,957,254
Current liabilities:    
Accounts payable and accrued expenses   27,359
Current portion of long-term debt   1,316,439
Current interest payable   13,199
Convertible senior note payable   115,881
Deferred revenue   1,597
Current portion of lease obligations   176
Fair value of derivative instruments   6,975
Total current liabilities:   1,481,626
Noncurrent liabilities:    
Long-term lease obligations   3,114
Time charters acquired   84
Long-term debt   163,625
Total noncurrent liabilities   166,823
Total liabilities   $ 1,648,449
Commitments and contingencies  
Genco Shipping & Trading Limited shareholders' equity:    
Common stock   $ 445
Additional paid-in capital   846,658
Accumulated other comprehensive (loss) income   53,722
Retained (deficit) earnings   66,644
Total Genco Shipping & Trading Limited shareholders' equity   967,469
Noncontrolling interest   341,336
Total equity   1,308,805
Total liabilities and equity   $ 2,957,254