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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,439 $ 43,690
Restricted cash 315 315
Due from charterers, net of a reserve of $1,195 and $1,620, respectively 14,094 21,376
Prepaid expenses and other current assets 8,650 10,375
Inventories 20,474 22,234
Total current assets 78,972 97,990
Noncurrent assets:    
Vessels, net of accumulated depreciation of $346,866 and $322,807, respectively 897,156 915,022
Deferred drydock, net of accumulated amortization of $34,336 and $33,610, respectively 50,910 30,048
Fixed assets, net of accumulated depreciation and amortization of $11,143 and $9,811, respectively 7,524 7,184
Operating lease right-of-use assets 5,688 6,358
Total noncurrent assets 961,278 958,612
Total assets 1,040,250 1,056,602
Current liabilities:    
Accounts payable and accrued expenses 44,688 34,492
Deferred revenue 3,556 4,665
Current operating lease liabilities 303 1,503
Total current liabilities: 48,547 40,660
Noncurrent liabilities:    
Long-term operating lease liabilities 5,693 5,539
Long-term debt, net of deferred financing costs of $7,032 and $7,825, respectively 92,968 82,175
Total noncurrent liabilities 98,661 87,714
Total liabilities 147,208 128,374
Commitments and contingencies (Note 15)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 42,959,464 and 42,757,895 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 429 427
Additional paid-in capital 1,474,615 1,491,032
Accumulated deficit (583,440) (564,716)
Total Genco Shipping & Trading Limited shareholders' equity 891,604 926,743
Noncontrolling interest 1,438 1,485
Total equity 893,042 928,228
Total liabilities and equity $ 1,040,250 $ 1,056,602