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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 423,016 $ 383,825 $ 536,934
Operating expenses:      
Voyage expenses 126,960 142,971 153,889
Vessel operating expenses 101,638 97,093 99,469
Charter hire expenses 9,069 9,135 27,130
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,850, $5,530 and $3,242, respectively) 29,136 28,268 25,708
Technical management expenses 4,643 4,021 3,310
Depreciation and amortization 68,666 66,465 60,190
Impairment of vessel assets 6,595 41,719 0
Net gain on sale of vessels (16,468)    
Other operating expense 5,728    
Total operating expenses 335,967 389,672 369,696
Operating income (loss) 87,049 (5,847) 167,238
Other (expense) income:      
Other (expense) income (234) (396) 178
Interest income 2,978 2,667 1,042
Interest expense (13,297) (8,780) (9,094)
Other expense, net (10,553) (6,509) (7,874)
Net income (loss) 76,496 (12,356) 159,364
Less: Net income attributable to noncontrolling interest 95 514 788
Net income (loss) attributable to Genco Shipping & Trading Limited $ 76,401 $ (12,870) $ 158,576
Net earnings (loss) per share-basic $ 1.77 $ (0.3) $ 3.74
Net earnings (loss) per share-diluted $ 1.75 $ (0.3) $ 3.7
Weighted average common shares outstanding-basic 43,054,459 42,766,262 42,412,722
Weighted average common shares outstanding-diluted 43,650,499 42,766,262 42,915,496
Voyage revenues      
Revenues:      
Total revenues $ 423,016 $ 383,825 $ 536,934