XML 86 R66.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Aug. 12, 2010
Aug. 20, 2010
Aug. 30, 2013
Dec. 03, 2013
$100 Million Term Loan Facility              
Fair value of financial instruments              
Floating rate debt $ 65,868us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
$ 67,792us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
         
Face amount of term loan facility 100,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
100,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
         
$253 Million Term Loan Facility              
Fair value of financial instruments              
Restricted cash 9,750us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
9,750us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
         
Floating rate debt 160,277us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
165,568us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
         
Face amount of term loan facility 253,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
253,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
         
Baltic Trading $22 Million Term Loan Facility              
Fair value of financial instruments              
Floating rate debt 19,750us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
20,125us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
         
Face amount of term loan facility 22,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
22,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
         
Baltic Trading $44 Million Term Loan Facility              
Fair value of financial instruments              
Floating rate debt 40,563us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
41,250us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
         
Face amount of term loan facility 44,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
44,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
         
Baltic Trading $148 Million Credit Facility              
Fair value of financial instruments              
Face amount of term loan facility 148,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_TermLoanFacilityFourMember
148,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_TermLoanFacilityFourMember
         
Carrying Value              
Fair value of financial instruments              
Cash and cash equivalents 68,783us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
83,414us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
         
Restricted cash 10,050us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
29,695us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
         
Floating rate debt 434,608us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
430,135us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
         
Estimate of Fair Value Measurement              
Fair value of financial instruments              
Cash and cash equivalents 68,783us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
83,414us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
         
Restricted cash 10,050us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
29,695us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
         
Floating rate debt 434,608us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
430,135us-gaap_LongTermDebt
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
         
Predecessor | $100 Million Term Loan Facility              
Fair value of financial instruments              
Face amount of term loan facility     100,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
100,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SecuredTermLoanFacilityMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
     
Predecessor | $253 Million Term Loan Facility              
Fair value of financial instruments              
Face amount of term loan facility     253,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  253,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_SeniorSecuredTermLoanFacilityMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Predecessor | Baltic Trading $22 Million Term Loan Facility              
Fair value of financial instruments              
Face amount of term loan facility     22,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
    22,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityOneMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Predecessor | Baltic Trading $44 Million Term Loan Facility              
Fair value of financial instruments              
Face amount of term loan facility     $ 44,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
      $ 44,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= gnk_BalticTradingTermLoanFacilityTwoMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember