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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48,364 $ 46,542
Due from charterers, net of a reserve of $2,299 and $3,257, respectively 21,888 17,815
Prepaid expenses and other current assets 9,076 10,154
Inventories 30,638 26,749
Vessels held for sale 36,218 55,440
Total current assets 146,184 157,272
Noncurrent assets:    
Vessels, net of accumulated depreciation of $308,626 and $296,452, respectively 934,572 945,114
Deferred drydock, net of accumulated amortization of $27,480 and $23,047 respectively 27,264 29,502
Fixed assets, net of accumulated depreciation and amortization of $8,134 and $8,063, respectively 7,211 7,071
Operating lease right-of-use assets 2,260 2,628
Restricted cash 315 315
Total noncurrent assets 971,622 984,630
Total assets 1,117,806 1,141,902
Current liabilities:    
Accounts payable and accrued expenses 31,296 24,245
Deferred revenue 5,679 8,746
Current operating lease liabilities 2,325 2,295
Total current liabilities: 39,300 35,286
Noncurrent liabilities:    
Long-term operating lease liabilities 1,208 1,801
Long-term debt, net of deferred financing costs of $9,332 and $9,831, respectively 160,668 190,169
Total noncurrent liabilities 161,876 191,970
Total liabilities 201,176 227,256
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 42,751,752 and 42,546,959 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 427 425
Additional paid-in capital 1,536,987 1,553,421
Accumulated other comprehensive income   527
Accumulated deficit (622,319) (641,117)
Total Genco Shipping & Trading Limited shareholders' equity 915,095 913,256
Noncontrolling interest 1,535 1,390
Total equity 916,630 914,646
Total liabilities and equity $ 1,117,806 1,141,902
Interest rate caps    
Current assets:    
Fair value of derivative instruments   $ 572