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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 71,269 $ 117,435
Operating expenses:    
Voyage expenses 27,354 37,200
Vessel operating expenses 24,916 25,932
Charter hire expenses 2,285 3,510
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,496 and $1,382, respectively) 7,494 7,664
Technical management expenses 1,325 1,031
Depreciation and amortization 17,665 17,223
Net loss on sale of vessels   978
Other operating expense   1,804
Total operating expenses 81,039 95,342
Operating (loss) income (9,770) 22,093
Other (expense) income:    
Other (expense) income (13) 66
Interest income 370 824
Interest expense (2,549) (4,040)
Other expense, net (2,192) (3,150)
Net (loss) income (11,962) 18,943
Less: Net (loss) income attributable to noncontrolling interest (39) 145
Net (loss) income attributable to Genco Shipping & Trading Limited $ (11,923) $ 18,798
Net (loss) earnings per share-basic $ (0.28) $ 0.44
Net (loss) earnings per share-diluted $ (0.28) $ 0.43
Weighted average common shares outstanding-basic 43,201,941 42,918,248
Weighted average common shares outstanding-diluted 43,201,941 43,606,580
Voyage revenues    
Revenues:    
Total revenues $ 71,269 $ 117,435