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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Voyage revenues $ 33,772   $ 67,381  
Service revenues 819   1,629  
Total revenues 34,591   69,010  
Operating expenses:        
Voyage expenses 3,757   8,137  
Vessel operating expenses 29,928   58,599  
General, administrative, and management fees 26,491   46,815  
Depreciation and amortization 19,399   38,809  
Impairment of vessel assets 0   35,396  
Loss on sale of vessels 1,210   1,210  
Total operating expenses 80,785   188,966  
Operating loss (46,194)   (119,956)  
Other (expense) income:        
Other expense (65)   (54)  
Interest income 25   49  
Interest expense (4,687)   (9,012)  
Other expense (4,727)   (9,017)  
Loss before reorganization items, net (50,921)   (128,973)  
Reorganization items, net (313)   (833)  
Loss before income taxes (51,234)   (129,806)  
Income tax expense (718)   (1,260)  
Net loss (51,952)   (131,066)  
Less: Net loss attributable to noncontrolling interest (11,620)   (52,293)  
Net loss attributable to Genco Shipping & Trading Limited $ (40,332)   $ (78,773)  
Net loss per share-basic $ (0.67)   $ (1.30)  
Net loss per share-diluted $ (0.67)   $ (1.30)  
Weighted average common shares outstanding-basic 60,487,189   60,459,145  
Weighted average common shares outstanding-diluted 60,487,189   60,459,145  
Predecessor        
Revenues:        
Voyage revenues   $ 51,545   $ 114,725
Service revenues   819   1,629
Total revenues   52,364   116,354
Operating expenses:        
Voyage expenses   1,983   3,940
Vessel operating expenses   30,545   61,768
General, administrative, and management fees   9,850   25,226
Depreciation and amortization   36,538   72,739
Total operating expenses   78,916   163,673
Operating loss   (26,552)   (47,319)
Other (expense) income:        
Other expense   (50)   (107)
Interest income   25   45
Interest expense   (18,510)   (39,532)
Other expense   (18,535)   (39,594)
Loss before reorganization items, net   (45,087)   (86,913)
Reorganization items, net   (20,106)   (20,106)
Loss before income taxes   (65,193)   (107,019)
Income tax expense   (364)   (777)
Net loss   (65,557)   (107,796)
Less: Net loss attributable to noncontrolling interest   (5,033)   (8,166)
Net loss attributable to Genco Shipping & Trading Limited   $ (60,524)   $ (99,630)
Net loss per share-basic   $ (1.39)   $ (2.29)
Net loss per share-diluted   $ (1.39)   $ (2.29)
Weighted average common shares outstanding-basic   43,568,942   43,568,942
Weighted average common shares outstanding-diluted   43,568,942   43,568,942