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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS OF THE PREDECESSOR COMPANY (Details 3)
$ in Thousands
Jul. 09, 2014
USD ($)
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents $ 136,077
Restricted cash 9,975
Due from charterers, net 13,194
Prepaid expenses and other current assets 30,759
Time charters acquired 450
Total current assets 190,455
Noncurrent assets:  
Vessels, net 1,538,849
Deposits on vessels 30,975
Deferred drydock, net 188
Deferred financing costs, net 7,060
Fixed assets, net 610
Other noncurrent assets 514
Restricted cash 300
Investments 51,804
Goodwill 166,067
Total non current assets 1,796,367
Total assets 1,986,822
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses 65,725
Current portion of long-term debt 32,242
Deferred revenue 997
Total current liabilities not subject to compromise 98,964
Noncurrent liabilities not subject to compromise:  
Long-term debt 375,789
Total noncurrent liabilities not subject to compromises 375,789
Total liabilities 474,753
Equity:  
Common stock 603
Additional paid-in capital 1,232,397
Total Genco Shipping & Trading Limited shareholders' equity 1,233,000
Noncontrolling interest 279,069
Total equity 1,512,069
Total liabilities and equity 1,986,822
Discharge of Debt  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents 87,526
Total current assets 87,526
Noncurrent assets:  
Deferred financing costs, net (11,893)
Total non current assets (11,893)
Total assets 75,633
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses (1,086)
Total current liabilities not subject to compromise (1,086)
Noncurrent liabilities not subject to compromise:  
Total liabilities subject to compromise (1,194,687)
Total liabilities (1,195,773)
Equity:  
Common stock 603
Additional paid-in capital 1,232,397
Accumulated other comprehensive income (30,357)
Retained (deficit) earnings 918,338
Total Genco Shipping & Trading Limited shareholders' equity 1,271,406
Total equity 1,271,406
Total liabilities and equity 75,633
Revaluation Of Assets And Liabilities  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Prepaid expenses and other current assets (41)
Time charters acquired 450
Total current assets 409
Noncurrent assets:  
Vessels, net (1,065,882)
Deposits on vessels 2,317
Deferred drydock, net (16,396)
Fixed assets, net (3,443)
Goodwill 166,067
Total non current assets (917,337)
Total assets (916,928)
Current liabilities not subject to compromise:  
Time charters acquired (16)
Total current liabilities not subject to compromise (16)
Noncurrent liabilities not subject to compromise:  
Long-term lease obligations (2,670)
Total noncurrent liabilities not subject to compromises (2,670)
Total liabilities (2,686)
Equity:  
Retained (deficit) earnings (860,875)
Total Genco Shipping & Trading Limited shareholders' equity (860,875)
Noncontrolling interest (53,367)
Total equity (914,242)
Total liabilities and equity (916,928)
Predecessor  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents 48,551
Restricted cash 9,975
Due from charterers, net 13,194
Prepaid expenses and other current assets 30,800
Total current assets 102,520
Noncurrent assets:  
Vessels, net 2,604,731
Deposits on vessels 28,658
Deferred drydock, net 16,584
Deferred financing costs, net 18,953
Fixed assets, net 4,053
Other noncurrent assets 514
Restricted cash 300
Investments 51,804
Total non current assets 2,725,597
Total assets 2,828,117
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses 60,333
Current portion of long-term debt 4,250
Deferred revenue 997
Time charters acquired 16
Total current liabilities not subject to compromise 65,596
Noncurrent liabilities not subject to compromise:  
Long-term lease obligations 2,670
Long-term debt 161,500
Total noncurrent liabilities not subject to compromises 164,170
Total liabilities subject to compromise 1,443,446
Total liabilities 1,673,212
Equity:  
Common stock 445
Additional paid-in capital 849,130
Accumulated other comprehensive income 30,357
Retained (deficit) earnings (57,463)
Total Genco Shipping & Trading Limited shareholders' equity 822,469
Noncontrolling interest 332,436
Total equity 1,154,905
Total liabilities and equity 2,828,117
Predecessor | Discharge of Debt  
Equity:  
Common stock (445)
Additional paid-in capital (849,130)
Predecessor | Revaluation Of Assets And Liabilities  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Prepaid expenses and other current assets 179
Time charters acquired 434
As Reported | Discharge of Debt  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Cash and cash equivalents 87,526
Total current assets 87,526
Noncurrent assets:  
Deferred financing costs, net (11,893)
Total non current assets (11,893)
Total assets 75,633
Current liabilities not subject to compromise:  
Accounts payable and accrued expenses (1,086)
Total current liabilities not subject to compromise (1,086)
Noncurrent liabilities not subject to compromise:  
Total liabilities subject to compromise (1,194,687)
Total liabilities (1,195,773)
Equity:  
Common stock 603
Additional paid-in capital 1,232,397
Accumulated other comprehensive income 4,574
Retained (deficit) earnings 936,774
Total Genco Shipping & Trading Limited shareholders' equity 1,324,773
Noncontrolling interest (53,367)
Total equity 1,271,406
Total liabilities and equity 75,633
As Reported | Revaluation Of Assets And Liabilities  
Fresh-Start Adjustment, Increase (Decrease), Current Assets Abstract  
Prepaid expenses and other current assets (41)
Time charters acquired 450
Total current assets 409
Noncurrent assets:  
Vessels, net (1,065,882)
Deposits on vessels 2,317
Deferred drydock, net (16,396)
Fixed assets, net (3,443)
Goodwill 166,067
Total non current assets (917,337)
Total assets (916,928)
Current liabilities not subject to compromise:  
Time charters acquired (16)
Total current liabilities not subject to compromise (16)
Noncurrent liabilities not subject to compromise:  
Long-term lease obligations (2,670)
Total noncurrent liabilities not subject to compromises (2,670)
Total liabilities (2,686)
Equity:  
Accumulated other comprehensive income (34,931)
Retained (deficit) earnings (879,311)
Total Genco Shipping & Trading Limited shareholders' equity (914,242)
Total equity (914,242)
Total liabilities and equity (916,928)
As Reported | Predecessor | Discharge of Debt  
Equity:  
Common stock (445)
Additional paid-in capital (849,130)
Adjustment | Discharge of Debt  
Equity:  
Accumulated other comprehensive income (34,931)
Retained (deficit) earnings (18,436)
Total Genco Shipping & Trading Limited shareholders' equity (53,367)
Noncontrolling interest 53,367
Adjustment | Revaluation Of Assets And Liabilities  
Equity:  
Accumulated other comprehensive income 34,931
Retained (deficit) earnings 18,436
Total Genco Shipping & Trading Limited shareholders' equity 53,367
Noncontrolling interest (53,367)
Adjustment | Predecessor  
Noncurrent assets:  
Goodwill $ 166,067