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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 383,825 $ 536,934 $ 547,129
Operating expenses:      
Voyage expenses 142,971 153,889 146,182
Vessel operating expenses 97,093 99,469 82,089
Charter hire expenses 9,135 27,130 36,370
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively) 28,268 25,708 24,454
Technical management fees 4,021 3,310 5,612
Depreciation and amortization 66,465 60,190 56,231
Impairment of vessel assets 41,719    
Gain on sale of vessels     (4,924)
Total operating expenses 389,672 369,696 346,014
Operating (loss) income (5,847) 167,238 201,115
Other income (expense):      
Other (expense) income (396) 178 541
Interest income 2,667 1,042 154
Interest expense (8,780) (9,094) (15,357)
Loss on debt extinguishment     (4,408)
Other expense, net (6,509) (7,874) (19,070)
Net (loss) income (12,356) 159,364 182,045
Less: Net income attributable to noncontrolling interest 514 788 38
Net (loss) income attributable to Genco Shipping & Trading Limited $ (12,870) $ 158,576 $ 182,007
Net (loss) earnings per share-basic $ (0.30) $ 3.74 $ 4.33
Net (loss) earnings per share-diluted $ (0.30) $ 3.70 $ 4.27
Weighted average common shares outstanding-basic 42,766,262 42,412,722 42,060,996
Weighted average common shares outstanding-diluted 42,766,262 42,915,496 42,588,871
Voyage revenues      
Revenues:      
Total revenues $ 383,825 $ 536,934 $ 547,129