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Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2014
Jul. 09, 2014
Dec. 31, 2015
Dec. 31, 2013
Revenues:        
Voyage revenues $ 98,817   $ 150,784  
Service revenues 1,584   3,175  
Total revenues 100,401   153,959  
Operating expenses:        
Voyage expenses 7,525   20,257  
Vessel operating expenses 56,943   122,008  
General, administrative, and management fees 36,915   83,902  
Depreciation and amortization 36,714   79,556  
Other operating income (530)   0  
Impairment of vessel assets 0   39,893  
Loss on sale of vessels     1,210  
Goodwill impairment 166,067      
Total operating expenses 303,634   346,826  
Operating loss (203,233)   (192,867)  
Other (expense) income:        
Impairment of investment 0   (37,877)  
Other (expense) income 36   (796)  
Interest income 46   110  
Interest expense (7,620)   (20,032)  
Other expense (7,538)   (58,595)  
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 (213,358)   (254,368)  
Less: Net loss attributable to noncontrolling interest (31,064)   (59,471)  
Net loss attributable to Genco Shipping & Trading Limited $ (182,294)   $ (194,897)  
Net loss per share-basic $ (3.02)   $ (2.96)  
Net loss per share-diluted $ (3.02)   $ (2.96)  
Weighted average common shares outstanding-basic 60,360,515   65,831,637  
Weighted average common shares outstanding-diluted 60,360,515   65,831,637  
Predecessor        
Revenues:        
Voyage revenues   $ 118,759   $ 224,179
Service revenues   1,701   3,285
Total revenues   120,460   227,464
Operating expenses:        
Voyage expenses   4,140   8,046
Vessel operating expenses   64,670   111,671
General, administrative, and management fees   31,371   34,031
Depreciation and amortization   75,952   140,743
Other operating income   0   (121)
Impairment of vessel assets   0   0
Total operating expenses   176,133   294,370
Operating loss   (55,673)   (66,906)
Other (expense) income:        
Impairment of investment   0   0
Other (expense) income   (106)   (76)
Interest income   45   75
Interest expense   (41,061)   (88,216)
Other expense   (41,122)   (88,217)
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   (1,013,250)   (157,021)
Less: Net loss attributable to noncontrolling interest   (62,101)   (9,280)
Net loss attributable to Genco Shipping & Trading Limited   $ (951,149)   $ (147,741)
Net loss per share-basic   $ (21.83)   $ (3.42)
Net loss per share-diluted   $ (21.83)   $ (3.42)
Weighted average common shares outstanding-basic   43,568,942   43,249,070
Weighted average common shares outstanding-diluted   43,568,942   43,249,070