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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY (Details) - USD ($) $ / shares in Units, $ in Thousands |  | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Jul. 09, 2014 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2014 | Jul. 09, 2014 | Dec. 31, 2015 | Dec. 31, 2013
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |
Loss before reorganization items, net |  |  |  |  |  |  |  |  |  | $ (210,771) |  | $ (251,462) |
Reorganization items, net |  |  |  |  |  |  |  |  |  | (1,591) |  | (1,085) |
Loss before income taxes |  |  |  |  |  |  |  |  |  | (212,362) |  | (252,547) |
Income tax expense |  |  |  |  |  |  |  |  |  | (996) |  | (1,821) |
Net loss |  | $ (49,498) | $ (73,803) | $ (51,952) | $ (79,115) | $ (190,795) | $ (22,562) |  |  | (213,358) |  | (254,368) |
Less: Net loss attributable to noncontrolling interest |  |  | (7,178) | (11,620) | (40,673) | (26,792) | (4,272) |  |  | (31,064) |  | (59,471) |
Net loss attributable to Genco Shipping & Trading Limited |  | $ (49,498) | $ (66,625) | $ (40,332) | $ (38,442) | $ (164,003) | $ (18,290) |  |  | $ (182,294) |  | $ (194,897) |
Net (loss) income per share-basic |  | $ (0.69) | $ (0.95) | $ (0.67) | $ (0.64) | $ (2.72) | $ (0.30) |  |  | $ (3.02) |  | $ (2.96) |
Net (loss) income per share-diluted |  | $ (0.69) | $ (0.95) | $ (0.67) | $ (0.64) | $ (2.72) | $ (0.30) |  |  | $ (3.02) |  | $ (2.96) |
Weighted average common shares outstanding-basic |  | 72,174,041,000 | 69,824,338,000 | 60,487,189,000 | 60,430,789,000 | 60,415,981,000 | 60,299,766,000 |  |  | 60,360,515 |  | 65,831,637 |
Weighted average common shares outstanding-diluted |  | 72,174,041,000 | 69,824,338,000 | 60,487,189,000 | 60,430,789,000 | 60,415,981,000 | 60,299,766,000 |  |  | 60,360,515 |  | 65,831,637 |
Recording of goodwill in fresh-start accounting | $ 166,067 |  |  |  |  |  |  |  |  |  | $ 166,067 |  |
Total |  |  |  |  |  |  |  |  |  | $ (1,591) |  | $ (1,085) |
Predecessor |  |  |  |  |  |  |  |  |  |  |  |  |
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |
Loss before reorganization items, net |  |  |  |  |  |  |  |  |  |  | (96,795) |  | $ (155,123)
Reorganization items, net |  |  |  |  |  |  |  |  |  |  | (915,640) |  |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | (1,012,435) |  | (155,123)
Income tax expense |  |  |  |  |  |  |  |  |  |  | (815) |  | (1,898)
Net loss | (905,455) |  |  |  |  |  |  | $ (65,557) | $ (42,238) |  | (1,013,250) |  | (157,021)
Less: Net loss attributable to noncontrolling interest | (53,935) |  |  |  |  |  |  | (5,033) | (3,133) |  | (62,101) |  | (9,280)
Net loss attributable to Genco Shipping & Trading Limited | $ (851,520) |  |  |  |  |  |  | $ (60,524) | $ (39,105) |  | $ (951,149) |  | $ (147,741)
Net (loss) income per share-basic | $ (19.54) |  |  |  |  |  |  | $ (1.39) | $ (0.90) |  | $ (21.83) |  | $ (3.42)
Net (loss) income per share-diluted | $ (19.54) |  |  |  |  |  |  | $ (1.39) | $ (0.90) |  | $ (21.83) |  | $ (3.42)
Weighted average common shares outstanding-basic | 43,568,942,000 |  |  |  |  |  |  | 43,568,942,000 | 43,568,942,000 |  | 43,568,942 |  | 43,249,070
Weighted average common shares outstanding-diluted | 43,568,942,000 |  |  |  |  |  |  | 43,568,942,000 | 43,568,942,000 |  | 43,568,942 |  | 43,249,070
Issuance of Successor equity |  |  |  |  |  |  |  |  |  |  | $ (1,133,900) |  |
Total |  |  |  |  |  |  |  |  |  |  | (915,640) |  |
As Reported | Predecessor |  |  |  |  |  |  |  |  |  |  |  |  |
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |
Loss before reorganization items, net |  |  |  |  |  |  |  |  |  |  | (96,795) |  |
Reorganization items, net |  |  |  |  |  |  |  |  |  |  | 882,167 |  |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | 785,372 |  |
Income tax expense |  |  |  |  |  |  |  |  |  |  | (815) |  |
Net loss |  |  |  |  |  |  |  |  |  |  | 784,557 |  |
Less: Net loss attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (8,734) |  |
Net loss attributable to Genco Shipping & Trading Limited |  |  |  |  |  |  |  |  |  |  | $ 793,291 |  |
Net (loss) income per share-basic |  |  |  |  |  |  |  |  |  |  | $ 18.21 |  |
Net (loss) income per share-diluted |  |  |  |  |  |  |  |  |  |  | $ 18.21 |  |
Weighted average common shares outstanding-basic |  |  |  |  |  |  |  |  |  |  | 43,568,942 |  |
Weighted average common shares outstanding-diluted |  |  |  |  |  |  |  |  |  |  | 43,568,942 |  |
Total |  |  |  |  |  |  |  |  |  |  | $ 882,167 |  |
Adjustment | Predecessor |  |  |  |  |  |  |  |  |  |  |  |  |
RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY |  |  |  |  |  |  |  |  |  |  |  |  |
Reorganization items, net | $ (1,797,807) |  |  |  |  |  |  |  |  |  | (1,797,807) |  |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | (1,797,807) |  |
Net loss |  |  |  |  |  |  |  |  |  |  | (1,797,807) |  |
Less: Net loss attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  | (53,367) |  |
Net loss attributable to Genco Shipping & Trading Limited |  |  |  |  |  |  |  |  |  |  | (1,744,440) |  |
Discharge of Predecessor equity | (829,974) |  |  |  |  |  |  |  |  |  | (829,974) |  |
Issuance of Successor equity | (1,133,900) |  |  |  |  |  |  |  |  |  |  |  |
Recording of goodwill in fresh-start accounting | 166,067 |  |  |  |  |  |  |  |  |  | 166,067 |  |
Total | $ (1,797,807) |  |  |  |  |  |  |  |  |  | $ (1,797,807) |  |

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