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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 46,665 $ 46,542
Due from charterers, net of a reserve of $2,236 and $3,257, respectively 20,434 17,815
Prepaid expenses and other current assets 10,860 10,154
Inventories 24,918 26,749
Vessels held for sale 24,594 55,440
Total current assets 127,471 157,272
Noncurrent assets:    
Vessels, net of accumulated depreciation of $310,626 and $296,452, respectively 877,837 945,114
Deferred drydock, net of accumulated amortization of $30,741 and $23,047 respectively 30,132 29,502
Fixed assets, net of accumulated depreciation and amortization of $9,159 and $8,063, respectively 7,227 7,071
Operating lease right-of-use assets 1,516 2,628
Restricted cash 315 315
Total noncurrent assets 917,027 984,630
Total assets 1,044,498 1,141,902
Current liabilities:    
Accounts payable and accrued expenses 32,937 24,245
Deferred revenue 5,886 8,746
Current operating lease liabilities 2,386 2,295
Total current liabilities: 41,209 35,286
Noncurrent liabilities:    
Long-term operating lease liabilities   1,801
Long-term debt, net of deferred financing costs of $8,330 and $9,831, respectively 71,670 190,169
Total noncurrent liabilities 71,670 191,970
Total liabilities 112,879 227,256
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 42,757,895 and 42,546,959 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 427 425
Additional paid-in capital 1,506,909 1,553,421
Accumulated other comprehensive income   527
Accumulated deficit (577,393) (641,117)
Total Genco Shipping & Trading Limited shareholders' equity 929,943 913,256
Noncontrolling interest 1,676 1,390
Total equity 931,619 914,646
Total liabilities and equity $ 1,044,498 1,141,902
Interest rate caps    
Current assets:    
Fair value of derivative instruments   $ 572