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GENERAL INFORMATION - Chapter 11 (Details) - USD ($) $ / shares in Units, $ in Thousands |  | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Jul. 09, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 08, 2016 | Apr. 21, 2014 | Jul. 27, 2010
Chapter 11 Cases |  |  |  |  |  |
Equity Financing |  |  |  | $ 125,000 |  |
Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Distributable Value | $ 1,230,000 |  |  |  |  |
Previous period covered under precedent transaction methodology | 5 years |  |  |  |  |
2007 Credit Facility | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Bankruptcy claims settled by conversion into shares of entity (as a percent) | 100.00% |  |  |  |  |
2007 Credit Facility | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Long-term debt |  |  |  |  | $ 1,055,912 |
$253 Million Term Loan Facility |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum borrowing capacity | $ 253,000 |  |  |  |  |
$253 Million Term Loan Facility | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum borrowing capacity |  | $ 253,000 |  |  |  |
$253 Million Term Loan Facility | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Term loan facility floating rate debt |  |  |  |  | 175,718 |
$100 Million Term Loan Facility |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum borrowing capacity | $ 100,000 |  |  |  |  |
$100 Million Term Loan Facility | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum borrowing capacity |  | $ 100,000 |  |  |  |
$100 Million Term Loan Facility | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Term loan facility floating rate debt |  |  |  |  | 73,561 |
Interest rate swap | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Outstanding amount of derivatives |  |  |  |  | 5,622 |
Common Stock | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
New Genco MIP Primary Equity shares distribution as percentage of new stock | 1.80% |  |  |  |  |
Minimum percentage of new stock providing demand and piggyback registration rights under the registration rights agreement | 10.00% |  |  |  |  |
Common Stock | 2007 Credit Facility | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
New stock issued for bankruptcy claims settlement (as a percent) | 81.10% |  |  |  |  |
2010 Notes | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Bankruptcy claims settled by conversion into shares of entity (as a percent) | 100.00% |  |  |  |  |
2010 Notes | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Principal amount |  |  |  |  | $ 125,000 |
2010 Notes | Common Stock | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
New stock issued for bankruptcy claims settlement (as a percent) | 8.40% |  |  |  |  |
Backstopped rights offering | Common Stock | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Percentage of new stock offered under offering | 8.70% |  |  |  |  |
Aggregate subscription price | $ 100,000 |  |  |  |  |
Backstopped rights offering | Common Stock | 2007 Credit Facility | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum percentage of subscription of new stock under offering | 80.00% |  |  |  |  |
Backstopped rights offering | 2010 Notes | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Maximum percentage of subscription of new stock under offering | 20.00% |  |  |  |  |
New Genco Equity Warrants | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Number of warrants issued for old common stock of Genco | 3,938,298 |  |  |  |  |
Class of Warrant or Right Term | 7 years |  |  |  |  |
Exercise price per share | $ 209.90 |  |  |  |  |
Number of warrants not exercised |  | 3,936,761 | 3,936,761 |  |  |
New Genco Equity Warrants | Common Stock | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Number of shares of new stock in which each warrant or right can be converted | 1 |  |  |  |  |
Warrants exercisable as percentage of new stock | 6.00% |  |  |  |  |
Predecessor | Discounted Cash Flow Methodology Valuation Technique | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Interest rate assumed for estimating fair value of the liability component (as a percent) | 10.10% |  |  |  |  |
Projection period | 4 years |  |  |  |  |
Predecessor | 2010 Notes |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Interest rate on convertible notes (as a percent) |  |  |  |  |  | 5.00%
Predecessor | 2010 Notes | Chapter 11 | GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Interest rate on convertible notes (as a percent) |  |  |  |  | 5.00% |
Minimum | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Distributable Value |  | $ 1,100,000 |  |  |  |
Maximum | Chapter 11 |  |  |  |  |  |
Chapter 11 Cases |  |  |  |  |  |
Distributable Value |  | $ 1,400,000 |  |  |  |

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