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RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE SUCCESSOR COMPANY - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2014	Jul. 09, 2014
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE SUCCESSOR COMPANY
Net loss attributable to Genco Shipping & Trading Limited	$ (164,003)	$ (18,290)	$ (182,294)
Net loss attributable to noncontrolling interest	(26,792)	(4,272)	(31,064)
Net loss	(190,795)	$ (22,562)	$ (213,358)
Net loss per share - basic and diluted			$ 3.02
Genco Shipping & Trading Limited shareholders' equity	1,044,201		$ 1,044,201
Noncontrolling interest	248,573		248,573
Total equity	1,292,774		1,292,774	$ 1,512,069
As Reported
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE SUCCESSOR COMPANY
Net loss attributable to Genco Shipping & Trading Limited			(204,117)
Net loss attributable to noncontrolling interest			$ (9,241)
Net loss per share - basic and diluted			$ 3.38
Genco Shipping & Trading Limited shareholders' equity	1,022,378		$ 1,022,378
Noncontrolling interest	270,396		270,396
Restatement Adjustment
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE SUCCESSOR COMPANY
Net loss attributable to Genco Shipping & Trading Limited			21,823
Net loss attributable to noncontrolling interest			(21,823)
Genco Shipping & Trading Limited shareholders' equity	21,823		21,823
Noncontrolling interest	$ (21,823)		$ (21,823)

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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