Condensed Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
Mar. 31, 2015	Mar. 31, 2014
Revenues:
Voyage revenues	$ 33,609us-gaap_CargoAndFreightRevenue
Service revenues	810us-gaap_SalesRevenueServicesNet
Total revenues	34,419us-gaap_Revenues
Operating expenses:
Voyage expenses	4,380gnk_VoyageExpenses
Vessel operating expenses	28,672us-gaap_DirectOperatingCosts
General, administrative, and management fees	20,324
Depreciation and amortization	19,410
Impairment of vessel assets	35,396us-gaap_AssetImpairmentCharges
Total operating expenses	108,182us-gaap_CostsAndExpenses
Operating loss	(73,763)us-gaap_OperatingIncomeLoss
Other (expense) income:
Other income (expense)	11us-gaap_OtherNonoperatingIncomeExpense
Interest income	24us-gaap_InvestmentIncomeInterest
Interest expense	(4,324)us-gaap_InterestExpense
Other expense	(4,289)us-gaap_NonoperatingIncomeExpense
Loss before reorganization items, net	(78,052)gnk_IncomeLossBeforeReorganizationItems
Reorganization items, net	(520)us-gaap_ReorganizationItems
Loss before income taxes	(78,572)
Income tax expense	(543)us-gaap_IncomeTaxExpenseBenefit
Net loss	(79,115)us-gaap_ProfitLoss
Less: Net loss attributable to noncontrolling interest	(40,673)
Net loss attributable to Genco Shipping & Trading Limited	(38,442)
Net loss per share-basic	$ (0.64)us-gaap_EarningsPerShareBasic
Net loss per share-diluted	$ (0.64)us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding-basic	60,430,789
Weighted average common shares outstanding-diluted	60,430,789
Predecessor
Revenues:
Voyage revenues		63,180
Service revenues		810
Total revenues		63,990
Operating expenses:
Voyage expenses		1,956
Vessel operating expenses		31,223
General, administrative, and management fees		15,376
Depreciation and amortization		36,201
Total operating expenses		84,756
Operating loss		(20,766)
Other (expense) income:
Other income (expense)		(57)
Interest income		20
Interest expense		(21,023)
Other expense		(21,060)
Loss before reorganization items, net		(41,826)
Loss before income taxes		(41,826)
Income tax expense		(412)
Net loss		(42,238)
Less: Net loss attributable to noncontrolling interest		(3,133)
Net loss attributable to Genco Shipping & Trading Limited		$ (39,105)
Net loss per share-basic		$ (0.90)
Net loss per share-diluted		$ (0.90)
Weighted average common shares outstanding-basic		43,568,942
Weighted average common shares outstanding-diluted		43,568,942

This element represents total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the transport and shipping business of the company. Management fees include expenses to third-party technical management companies for the day-to-day management of our vessels, including performing routine maintenance, attending to vessel operations and arranging for crews and supplies.

No definition available.