XML 59 R48.htm IDEA: XBRL DOCUMENT
v3.8.0.1

VESSEL ACQUISITIONS AND DISPOSITIONS (Details) - USD ($) $ in Thousands |  |  |  |  |  |  |  |  |  |  |  | 3 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
May 16, 2017 | Mar. 19, 2017 | Feb. 16, 2017 | Feb. 09, 2017 | Jan. 09, 2017 | Dec. 12, 2016 | Nov. 04, 2016 | Oct. 26, 2016 | Oct. 21, 2016 | Oct. 20, 2016 | May 17, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Nov. 10, 2016 | Dec. 31, 2014 | Aug. 12, 2010
Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  |  |  |  |  |  |  | $ 148,000 |  | $ 148,000 |  |  | $ 148,000 |
Secured Debt | $100 Million Term Loan Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  |  |  |  |  |  |  | 1,923 |  | 5,769 |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  |  |  |  |  |  |  | 100,000 |  | 100,000 |  |  |  | $ 100,000
Secured Debt | $400 Million Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  |  |  |  |  |  | $ 100 | $ 0 | $ 300 | $ 0 |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  |  |  |  |  |  | $ 400,000 |  | $ 400,000 |  | $ 400,000 | $ 400,000 |  |
Genco Prosperity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets | $ 3,050 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) | 3.50% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Success |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  | $ 2,800 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Carrier |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  | $ 3,560 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brokerage commission |  |  | $ 92 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Reliance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  | $ 3,500 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  | 3.50% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Wisdom |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  | $ 3,250 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  | 3.50% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Acheron |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  |  | $ 3,480 |  |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  |  | 5.50% |  |  |  |  |  |  |  |  |  |  |  |  |
Genco Leader |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  |  |  | $ 3,470 |  |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  |  |  | 3.00% |  |  |  |  |  |  |  |  |  |  |  |
Genco Leader | Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  | $ 3,366 |  |  |  |  |  |  |  |  |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  | $ 148,000 |  |  |  |  |  |  |  |  |  |  |  |
Genco Pioneer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  |  |  |  | $ 2,650 |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  |  |  |  | 5.50% |  |  |  |  |  |  |  |  |  |  |
Genco Pioneer | Line of Credit Facility | $148 Million Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  |  | $ 2,504 |  |  |  |  |  |  |  |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  |  | $ 148,000 |  |  |  |  |  |  |  |  |  |  |
Genco Sugar |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  |  |  |  |  |  | $ 2,450 |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  |  |  |  |  |  | 5.50% |  |  |  |  |  |  |  |  |
Genco Sugar | Secured Debt | $100 Million Term Loan Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of secured debt |  |  |  |  |  |  |  |  | $ 2,315 |  |  |  |  |  |  |  |  |  |
Face amount of term loan facility |  |  |  |  |  |  |  |  | $ 100,000 |  |  |  |  |  |  |  |  |  |
Genco Marine |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VESSEL ACQUISITIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  |  |  |  |  |  |  |  | $ 2,187 |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  |  |  |  |  |  |  |  | 2.00% |  |  |  |  |  |  |  |

X
- Definition Represents brokerage commission payable in percentage to the third party. + References No definition available. + Details
Name: | gnk_BrokerageCommission
Namespace Prefix: | gnk_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents brokerage commission payable to the third party. + References No definition available. + Details
Name: | gnk_BrokerageCommissionPayable
Namespace Prefix: | gnk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3179-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 + Details
Name: | us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 + Details
Name: | us-gaap_RepaymentsOfSecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_BalticTradingCreditFacility2014Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_SecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_NordeaBankSeniorSecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoProsperityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoSuccessMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoCarrierMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoRelianceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoWisdomMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoAcheronMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoLeaderMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoPioneerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoSugarMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_GencoMarineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |