7Baggers

Genco Shipping & Trading Quarterly Balance Sheets Chart

Quarterly
 | 
Annual
 
 Cash and Cash Eq  
 Deferred Revenue  
 Inventory  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 020.5541.1161.6682.21102.77123.32143.87Milllion

Genco Shipping & Trading Quarterly Balance Sheets Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2018-12-31 2018-09-30 2018-06-30 2016-03-31 2015-06-30 2014-09-30 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 
                                                                
  ​                                                              
  assets                                                              
  current assets:                                                              
  cash and cash equivalents35,439,000 30,243,000 43,690,000 46,665,000 42,033,000 48,364,000 46,542,000 46,259,000 47,934,000 44,439,000 58,142,000 65,532,000 44,669,000 43,113,000 114,573,000 80,172,000 116,280,000 123,191,000 143,872,000 136,233,000 127,722,000 134,338,000 155,889,000 165,876,000 165,121,000 197,499,000 165,724,000 269,996,000 75,604,000 61,648,000 106,620,000 122,722,000 109,492,000 69,555,000 55,049,000 72,600,000 87,778,000 246,018,000 246,683,000 227,968,000 291,785,000 286,230,000 275,466,000 270,877,000 264,867,000 196,139,000 405,483,000 188,267,000 243,757,000 228,764,000 142,455,000 95,964,000 48,295,000 71,496,000 51,238,000 67,798,000 87,158,000 73,554,000 65,599,000 59,962,000 54,894,000 46,912,000 
  restricted cash315,000 315,000 315,000 315,000 315,000 315,000  5,643,000 5,643,000 5,643,000 5,643,000 5,643,000 5,643,000 5,643,000 5,643,000  44,606,000 40,519,000 35,492,000 24,227,000 14,855,000 14,855,000 6,045,000   4,947,000   19,500,000 9,750,000 9,850,000 9,850,000 9,850,000 9,850,000 9,850,000 10,150,000 10,150,000 9,750,000 9,750,000 9,750,000 9,750,000 9,750,000 9,750,000  12,000,000 12,000,000 17,500,000 17,500,000 17,000,000              
  due from charterers, net of a reserve of 1,195 and 1,620, respectively14,094,000                                                              
  prepaid expenses and other current assets8,650,000 9,432,000 10,375,000 10,860,000 8,304,000 9,076,000 10,154,000 10,162,000 10,420,000 10,393,000 8,399,000 10,817,000 9,237,000 11,186,000 9,935,000 9,544,000 11,057,000 13,149,000 10,856,000 9,014,000 8,705,000 10,865,000 10,049,000 9,996,000 9,200,000 10,449,000 10,072,000 7,371,000 20,492,000 22,616,000 25,240,000 19,065,000 18,390,000 21,047,000 20,327,000 18,146,000 17,020,000 17,318,000 20,587,000 17,709,000 16,080,000 16,179,000 16,390,000 14,010,000 15,174,000 12,103,000 11,642,000 10,184,000 12,955,000 16,338,000 14,458,000 12,079,000 11,560,000 9,374,000 7,691,000 6,504,000 6,175,000 4,643,000 4,287,000 3,788,000 2,444,000 2,574,000 
  inventories20,474,000 23,337,000 22,234,000 24,918,000 24,407,000 30,638,000 26,749,000 27,567,000 22,962,000 25,029,000 21,601,000 32,181,000 31,740,000 23,337,000 24,563,000 23,722,000 26,441,000 24,148,000 21,583,000 21,159,000 23,034,000 29,342,000 27,208,000 22,982,000 29,325,000 29,548,000 29,980,000 23,064,000                                   
  total current assets78,972,000 81,538,000 97,990,000 127,471,000 135,920,000 146,184,000 157,272,000 111,522,000 110,682,000 107,244,000 125,430,000 145,763,000 120,146,000 105,140,000 174,830,000 142,471,000 220,094,000 227,880,000 247,202,000 222,428,000 210,938,000 227,533,000 223,195,000 241,064,000 219,364,000 270,451,000 237,308,000 322,282,000 123,969,000 108,470,000 157,320,000 165,878,000 152,512,000 111,398,000 97,367,000 102,460,000 113,414,000 274,292,000 278,509,000 259,365,000 318,934,000 311,269,000 299,535,000 293,681,000 304,566,000 233,916,000 437,055,000 218,068,000 275,125,000 247,232,000 220,815,000 270,895,000 221,803,000 267,594,000 316,271,000 208,491,000 94,318,000 88,118,000 70,103,000 64,311,000 57,644,000 49,705,000 
  noncurrent assets:                                                              
  vessels, net of accumulated depreciation of 346,866 and 322,807, respectively897,156,000                                                              
  deferred drydock, net of accumulated amortization of 34,336 and 33,610, respectively50,910,000                                                              
  fixed assets, net of accumulated depreciation and amortization of 11,143 and 9,811, respectively7,524,000                                                              
  operating lease right-of-use assets5,688,000 6,024,000 6,358,000 1,516,000 1,889,000 2,260,000 2,628,000 2,994,000 3,357,000 3,718,000 4,078,000 4,435,000 4,790,000 5,144,000 5,495,000 5,845,000 6,192,000 6,538,000 6,882,000 7,225,000 7,565,000 7,904,000 8,241,000 8,576,000 8,910,000                                      
  total noncurrent assets961,278,000 956,992,000 958,612,000 917,027,000 922,054,000 971,622,000 984,630,000 983,475,000 1,024,711,000 1,036,656,000 1,048,436,000 1,059,970,000 1,065,997,000 1,062,362,000 1,028,172,000 1,034,294,000 962,371,000 952,463,000 985,607,000 1,095,119,000 1,143,628,000 1,153,433,000 1,305,697,000 1,320,900,000 1,345,080,000 1,357,019,000 1,394,966,000 1,185,816,000 1,520,130,000 1,561,130,000 1,769,279,000 2,791,376,000 2,685,212,000 2,666,262,000 2,705,823,000 2,740,911,000 2,781,159,000 2,799,847,000 2,836,500,000 2,859,912,000 2,860,439,000 2,876,651,000 2,891,172,000 2,889,027,000 2,838,988,000 2,349,385,000 2,133,224,000 2,118,734,000 2,021,015,000 1,837,028,000 1,810,132,000 1,680,801,000 1,524,970,000 1,385,678,000 1,022,076,000 481,065,000 483,024,000 490,144,000 432,274,000 436,652,000 438,392,000 440,253,000 
  total assets1,040,250,000 1,038,530,000 1,056,602,000 1,044,498,000 1,057,974,000 1,117,806,000 1,141,902,000 1,094,997,000 1,135,393,000 1,143,900,000 1,173,866,000 1,205,733,000 1,186,143,000 1,167,502,000 1,203,002,000 1,176,765,000 1,182,465,000 1,180,343,000 1,232,809,000 1,317,547,000 1,354,566,000 1,380,966,000 1,528,892,000 1,561,964,000 1,564,444,000 1,627,470,000 1,632,274,000 1,508,098,000 1,644,099,000 1,669,600,000 1,926,599,000 2,957,254,000 2,837,724,000 2,777,660,000 2,803,190,000 2,843,371,000 2,894,573,000 3,074,139,000 3,115,009,000 3,119,277,000 3,179,373,000 3,187,920,000 3,190,707,000 3,182,708,000 3,143,554,000 2,583,301,000 2,570,279,000 2,336,802,000 2,296,140,000 2,084,260,000 2,030,947,000 1,951,696,000 1,746,773,000 1,653,272,000 1,338,347,000 689,556,000 577,342,000 578,262,000 502,377,000 500,963,000 496,036,000 489,958,000 
  liabilities and equity                                                              
  current liabilities:                                                              
  accounts payable and accrued expenses44,688,000 39,343,000 34,492,000 32,937,000 27,961,000 31,296,000 24,245,000 27,428,000 19,042,000 26,975,000 29,475,000 38,831,000 41,183,000 25,800,000 29,956,000 24,138,000 27,256,000 24,402,000 22,793,000 22,973,000 24,071,000 34,170,000 49,604,000 41,145,000 33,151,000 29,143,000 33,084,000 26,392,000 22,939,000 33,132,000 36,949,000 27,359,000 24,495,000 25,629,000 23,833,000 23,667,000 25,150,000 24,679,000 24,463,000 30,712,000 27,449,000 26,152,000 26,986,000 31,790,000 32,271,000 21,090,000 20,142,000 18,609,000 21,175,000 18,619,000 20,431,000 16,617,000 16,376,000 17,514,000 12,046,000 9,838,000 8,557,000 7,784,000 6,709,000 5,891,000 5,909,000 5,978,000 
  deferred revenue3,556,000 5,345,000 4,665,000 5,886,000 7,569,000 5,679,000 8,746,000 6,534,000 7,945,000 5,029,000 4,958,000 14,464,000 5,789,000 10,133,000 10,081,000 14,441,000 9,375,000 7,389,000 8,421,000 8,318,000 4,368,000 7,818,000 6,627,000 6,325,000 8,263,000 6,404,000 10,231,000 6,399,000 906,000 1,398,000 893,000 1,597,000 1,422,000 1,337,000 1,088,000 1,324,000 1,876,000 3,267,000 3,693,000 4,227,000 5,007,000 3,959,000 6,994,000 9,974,000 11,309,000 8,312,000 9,217,000 10,404,000 10,073,000 8,768,000 10,702,000 10,062,000 8,412,000 8,402,000 6,426,000 4,834,000 3,947,000 3,067,000 3,483,000 4,256,000 4,786,000 4,576,000 
  current operating lease liabilities303,000 907,000 1,503,000 2,386,000 2,355,000 2,325,000 2,295,000 2,266,000 2,237,000 2,190,000 2,107,000 2,025,000 1,944,000 1,882,000 1,858,000 1,835,000 1,811,000 1,788,000 1,765,000 1,742,000 1,720,000 1,698,000 1,677,000 1,655,000 1,634,000                                      
  total current liabilities:48,547,000 45,595,000 40,660,000 41,209,000 37,885,000 39,300,000 35,286,000 36,228,000 29,224,000 34,194,000 36,540,000 55,320,000 48,916,000 37,815,000 41,895,000 42,634,000 94,362,000 98,856,000 113,621,000 113,675,000 109,681,000 116,648,000 127,655,000 119,236,000 108,688,000 101,867,000 109,635,000 77,791,000   70,084,000                                
  noncurrent liabilities:                                                              
  long-term operating lease liabilities5,693,000 5,616,000 5,539,000  608,000 1,208,000 1,801,000 2,386,000 2,963,000 3,533,000 4,096,000 4,652,000 5,200,000 5,723,000 6,203,000 6,677,000 7,144,000 7,606,000 8,061,000 8,511,000 8,955,000 9,393,000 9,826,000 10,253,000 10,675,000                                      
  long-term debt, net of deferred financing costs of 7,032 and 7,825, respectively92,968,000                                                              
  total noncurrent liabilities98,661,000 88,284,000 87,714,000 71,670,000 96,774,000 161,876,000 191,970,000 142,380,000 151,224,000 160,122,000 169,017,000 177,897,000 186,768,000 195,618,000 244,432,000 303,448,000 310,831,000 334,670,000 374,194,000 392,652,000 412,259,000 413,122,000 422,809,000 444,693,000 443,705,000 472,296,000 488,056,000 402,064,000 1,329,000 404,614,000 372,989,000 166,823,000 125,900,000 105,263,000 104,194,000 1,556,484,000 1,557,287,000 1,471,081,000 1,478,551,000 1,535,957,000 1,637,518,000 1,670,988,000 1,702,217,000 1,716,533,000 1,711,016,000 1,316,555,000 1,315,743,000 1,328,864,000 1,352,017,000 1,237,162,000 1,184,627,000 1,044,672,000 1,099,639,000 960,723,000 616,006,000 265,410,000 208,671,000 209,556,000 144,241,000 135,652,000 136,065,000 135,738,000 
  total liabilities147,208,000 133,879,000 128,374,000 112,879,000 134,659,000 201,176,000 227,256,000 178,608,000 180,448,000 194,316,000 205,557,000 233,217,000 235,684,000 233,433,000 286,327,000 346,082,000 405,193,000 433,526,000 487,815,000 506,327,000 521,940,000 529,770,000 550,464,000 563,929,000 552,393,000 574,163,000 597,691,000 479,855,000 586,271,000 483,936,000 443,073,000 1,648,449,000 1,602,852,000 1,582,737,000 1,580,968,000 1,582,164,000 1,585,564,000 1,721,678,000 1,729,899,000 1,757,659,000 1,823,293,000 1,821,479,000 1,823,181,000 1,834,555,000 1,834,350,000 1,396,631,000 1,396,122,000 1,407,877,000 1,434,080,000 1,266,036,000 1,215,760,000 1,074,414,000 1,124,427,000 1,031,087,000 899,686,000 301,742,000 221,175,000 224,729,000 150,950,000 141,543,000 141,974,000 141,716,000 
  commitments and contingencies                                                              
  equity:                                                              
  common stock429,000 429,000 427,000 427,000 427,000 427,000 425,000 425,000 425,000 425,000 423,000 423,000 423,000 421,000 419,000 419,000 419,000 419,000 418,000 418,000 418,000 418,000 417,000 416,000 416,000 416,000 415,000 415,000 735,000   445,000 445,000 445,000 443,000 443,000 438,000 438,000 438,000 363,000 359,000 359,000 359,000 359,000 355,000 319,000 319,000  317,000 317,000 315,000    255,000        
  additional paid-in capital1,474,615,000 1,479,415,000 1,491,032,000 1,506,909,000 1,520,179,000 1,536,987,000 1,553,421,000 1,558,541,000 1,563,631,000 1,568,818,000 1,588,777,000 1,621,185,000 1,641,664,000 1,674,400,000 1,702,166,000 1,707,900,000 1,711,523,000 1,713,082,000 1,713,406,000 1,713,711,000 1,714,019,000 1,714,385,000 1,721,268,000 1,741,759,000 1,741,184,000 1,740,163,000 1,739,724,000 1,739,091,000 1,487,929,000   846,658,000 849,021,000 855,848,000 864,120,000 863,303,000 862,488,000 861,419,000 860,365,000 809,443,000 808,258,000 806,787,000 805,309,000 803,778,000 802,729,000                  
  accumulated deficit-583,440,000 -576,639,000 -564,716,000 -577,393,000 -598,852,000 -622,319,000 -641,117,000 -646,055,000 -614,051,000 -625,613,000 -628,247,000 -656,924,000 -697,752,000 -745,134,000 -786,823,000 -877,676,000 -934,808,000 -966,845,000 -968,830,000 -902,909,000 -881,811,000 -863,607,000                                         
  total genco shipping & trading limited shareholders’ equity891,604,000 903,205,000 926,743,000 929,943,000 921,754,000 915,095,000 913,256,000 915,168,000 953,864,000 948,482,000 967,433,000 971,789,000 949,952,000 933,805,000 916,587,000               987,776,000 1,208,422,000 967,469,000 951,050,000 976,321,000 1,030,852,000 1,066,296,000 1,111,159,000 1,150,580,000 1,180,079,000 1,151,606,000 1,145,931,000 1,155,093,000 1,155,515,000  1,095,006,000 972,578,000 961,387,000                
  noncontrolling interest1,438,000 1,446,000 1,485,000 1,676,000 1,561,000 1,535,000 1,390,000 1,221,000 1,081,000 1,102,000 876,000 727,000 507,000 264,000 88,000               197,888,000 275,104,000 341,336,000 283,822,000 218,602,000 191,370,000 194,911,000 197,850,000 201,881,000 205,031,000 210,012,000 210,149,000 211,348,000 212,011,000 215,204,000 214,198,000 214,092,000 212,770,000                
  total equity893,042,000 904,651,000 928,228,000 931,619,000 923,315,000 916,630,000 914,646,000 916,389,000 954,945,000 949,584,000 968,309,000 972,516,000 950,459,000 934,069,000 916,675,000 830,683,000 777,272,000 746,817,000 744,994,000 811,220,000 832,626,000 851,196,000 978,428,000 998,035,000 1,012,051,000 1,053,307,000 1,034,583,000 1,028,243,000 1,057,828,000 1,185,664,000 1,483,526,000 1,308,805,000 1,234,872,000 1,194,923,000 1,222,222,000 1,261,207,000 1,309,009,000 1,352,461,000 1,385,110,000 1,361,618,000 1,356,080,000 1,366,441,000 1,367,526,000 1,348,153,000 1,309,204,000 1,186,670,000 1,174,157,000                
  total liabilities and equity1,040,250,000 1,038,530,000 1,056,602,000 1,044,498,000 1,057,974,000 1,117,806,000 1,141,902,000 1,094,997,000 1,135,393,000 1,143,900,000 1,173,866,000 1,205,733,000 1,186,143,000 1,167,502,000 1,203,002,000 1,176,765,000 1,182,465,000 1,180,343,000 1,232,809,000 1,317,547,000 1,354,566,000 1,380,966,000 1,528,892,000 1,561,964,000 1,564,444,000 1,627,470,000 1,632,274,000 1,508,098,000 1,644,099,000 1,669,600,000 1,926,599,000 2,957,254,000 2,837,724,000 2,777,660,000 2,803,190,000 2,843,371,000 2,894,573,000 3,074,139,000 3,115,009,000 3,119,277,000 3,179,373,000 3,187,920,000 3,190,707,000 3,182,708,000 3,143,554,000 2,583,301,000 2,570,279,000                
  due from charterers, net of a reserve of 1,706 and 1,620, respectively 18,211,000                                                             
  vessels, net of accumulated depreciation of 334,881 and 322,807, respectively 907,212,000                                                             
  deferred drydock, net of accumulated amortization of 34,107 and 33,610, respectively 36,526,000                                                             
  fixed assets, net of accumulated depreciation and amortization of 10,469 and 9,811, respectively 7,230,000                                                             
  long-term debt, net of deferred financing costs of 7,332 and 7,825, respectively 82,668,000                                                             
  due from charterers, net of a reserve of 1,620 and 3,257, respectively  21,376,000                                                            
  fair value of derivative instruments      572,000 2,369,000 4,030,000 5,048,000 6,312,000 5,724,000 3,894,000 1,822,000 1,166,000 424,000 564,000 629,000              6,975,000 9,292,000 11,370,000 13,754,000 7,000 609,000 1,199,000 1,738,000 1,686,000 5,475,000 9,770,000 13,607,000    372,000 2,108,000 1,327,000 3,814,000 1,926,000 3,063,000 44,936,000 1,448,000 3,289,000 8,490,000 1,265,000  4,158,000 11,106,000 6,785,000  
  vessels held for sale   24,594,000 31,507,000 36,218,000 55,440,000         6,964,000 7,798,000 15,630,000 22,408,000 20,889,000 23,252,000 23,129,000 10,303,000 21,819,000  5,702,000 12,996,000 7,443,000                           36,944,000        
  vessels, net of accumulated depreciation of 322,807 and 296,452, respectively  915,022,000                                                            
  deferred drydock, net of accumulated amortization of 33,610 and 23,047, respectively  30,048,000                                                            
  fixed assets, net of accumulated depreciation and amortization of 9,811 and 8,063, respectively  7,184,000                                                            
  long-term debt, net of deferred financing costs of 7,825 and 9,831, respectively  82,175,000                                                            
  accumulated other comprehensive income      527,000 2,257,000 3,859,000 4,852,000 6,480,000 7,105,000 5,617,000 4,118,000 825,000 40,000 138,000 161,000           838,000   53,722,000 15,763,000  63,000        2,425,000    14,131,000       19,017,000 87,676,000 36,780,000 2,599,000 3,546,000 2,954,000 8,908,000 6,309,000 2,325,000 
  due from charterers, net of a reserve of 2,236 and 3,257, respectively   20,434,000                                                           
  vessels, net of accumulated depreciation of 310,626 and 296,452, respectively   877,837,000                                                           
  deferred drydock, net of accumulated amortization of 30,741 and 23,047 respectively   30,132,000                                                           
  fixed assets, net of accumulated depreciation and amortization of 9,159 and 8,063, respectively   7,227,000                                                           
  long-term debt, net of deferred financing costs of 8,330 and 9,831, respectively   71,670,000                                                           
  due from charterers, net of a reserve of 2,289 and 3,257, respectively    29,669,000                                                          
  vessels, net of accumulated depreciation of 299,317 and 296,452, respectively    887,897,000                                                          
  deferred drydock, net of accumulated amortization of 28,282 and 23,047 respectively    24,826,000                                                          
  fixed assets, net of accumulated depreciation and amortization of 8,502 and 8,063, respectively    7,127,000                                                          
  long-term debt, net of deferred financing costs of 8,834 and 9,831, respectively    96,166,000                                                          
  due from charterers, net of a reserve of 2,299 and 3,257, respectively     21,888,000                                                         
  vessels, net of accumulated depreciation of 308,626 and 296,452, respectively     934,572,000                                                         
  deferred drydock, net of accumulated amortization of 27,480 and 23,047 respectively     27,264,000                                                         
  fixed assets, net of accumulated depreciation and amortization of 8,134 and 8,063, respectively     7,211,000                                                         
  long-term debt, net of deferred financing costs of 9,332 and 9,831, respectively     160,668,000                                                         
  due from charterers, net of a reserve of 3,257 and 2,141, respectively      17,815,000                                                        
  vessels, net of accumulated depreciation of 296,452 and 303,098, respectively      945,114,000                                                        
  deferred drydock, net of accumulated amortization of 23,047 and 15,456 respectively      29,502,000                                                        
  fixed assets, net of accumulated depreciation and amortization of 8,063 and 6,254, respectively      7,071,000                                                        
  long-term debt, net of deferred financing costs of 9,831 and 6,079, respectively      190,169,000                                                        
  due from charterers, net of a reserve of 2,516 and 2,141, respectively       19,522,000                                                       
  vessels, net of accumulated depreciation of 284,693 and 303,098, respectively       939,749,000                                                       
  deferred drydock, net of accumulated amortization of 19,431 and 15,456 respectively       32,982,000                                                       
  fixed assets, net of accumulated depreciation and amortization of 7,430 and 6,254, respectively       7,435,000                                                       
  long-term debt, net of deferred financing costs of 4,756 and 6,079, respectively       139,994,000                                                       
  due from charterers, net of a reserve of 2,520 and 2,141, respectively        19,693,000                                                      
  vessels, net of accumulated depreciation of 328,339 and 303,098, respectively        979,054,000                                                      
  deferred drydock, net of accumulated amortization of 19,505 and 15,456 respectively        33,858,000                                                      
  fixed assets, net of accumulated depreciation and amortization of 7,596 and 6,254, respectively        8,127,000                                                      
  long-term debt, net of deferred financing costs of 5,239 and 6,079, respectively        148,261,000                                                      
  due from charterers, net of a reserve of 2,157 and 2,141, respectively         16,692,000                                                     
  vessels, net of accumulated depreciation of 315,639 and 303,098, respectively         990,643,000                                                     
  deferred drydock, net of accumulated amortization of 17,377 and 15,456 respectively         33,608,000                                                     
  fixed assets, net of accumulated depreciation and amortization of 6,887 and 6,254, respectively         8,372,000                                                     
  long-term debt, net of deferred financing costs of 5,661 and 6,079, respectively         156,589,000                                                     
  due from charterers, net of a reserve of 2,141 and 1,403, respectively          25,333,000                                                    
  vessels, net of accumulated depreciation of 303,098 and 253,005, respectively          1,002,810,000                                                    
  deposits on vessels              18,543,000 17,702,000 21,638,000           885,000  19,926,000 31,396,000 1,013,000         3,446,000 6,885,000 10,160,000 13,718,000 31,576,000 85,171,000 35,674,000  30,608,000 91,556,000 173,482,000 197,666,000 119,358,000 149,017,000 195,691,000    8,125,000    
  deferred drydock, net of accumulated amortization of 15,456 and 12,879 respectively          32,254,000                                                    
  fixed assets, net of accumulated depreciation and amortization of 6,254 and 3,984, respectively          8,556,000                                                    
  long-term debt, net of deferred financing costs of 6,079 and 7,771, respectively          164,921,000                                                    
  due from charterers, net of a reserve of 2,061 and 1,403, respectively           25,866,000                                                   
  vessels, net of accumulated depreciation of 290,291 and 253,005, respectively           1,014,154,000                                                   
  deferred drydock, net of accumulated amortization of 13,695 and 12,879 respectively           31,282,000                                                   
  fixed assets, net of accumulated depreciation and amortization of 5,611 and 3,984, respectively           8,125,000                                                   
  long-term debt, net of deferred financing costs of 6,505 and 7,771, respectively           173,245,000                                                   
  due from charterers, net of a reserve of 1,471 and 1,403, respectively            24,963,000                                                  
  vessels, net of accumulated depreciation of 277,600 and 253,005, respectively            1,025,403,000                                                  
  deferred drydock, net of accumulated amortization of 14,063 and 12,879 respectively            25,521,000                                                  
  fixed assets, net of accumulated depreciation and amortization of 5,019 and 3,984, respectively            8,014,000                                                  
  long-term debt, net of deferred financing costs of 6,932 and 7,771, respectively            181,568,000                                                  
  due from charterers, net of a reserve of 1,556 and 1,403, respectively             20,039,000                                                 
  vessels, net of accumulated depreciation of 265,189 and 253,005, respectively             1,031,948,000                                                 
  deferred drydock, net of accumulated amortization of 13,660 and 12,879 respectively             14,577,000                                                 
  fixed assets, net of accumulated depreciation and amortization of 4,593 and 3,984, respectively             7,784,000                                                 
  long-term debt, net of deferred financing costs of 7,355 and 7,771, respectively             189,895,000                                                 
  due from charterers, net of a reserve of 1,403 and 669, respectively              20,116,000                                                
  vessels, net of accumulated depreciation of 253,005 and 204,201, respectively              981,141,000                                                
  vessels held for exchange                  38,214,000                                            
  deferred drydock, net of accumulated amortization of 12,879 and 8,124 respectively              14,275,000                                                
  fixed assets, net of accumulated depreciation and amortization of 3,984 and 2,266, respectively              7,237,000                                                
  current portion of long-term debt                55,920,000 65,277,000 80,642,000 80,642,000 79,522,000 72,962,000 69,747,000 70,111,000 65,640,000 66,320,000 66,320,000 45,000,000  44,792,000 32,242,000 1,316,439,000 1,313,689,000 1,312,189,000 1,312,189,000   220,772,000 220,772,000 185,077,000 147,844,000 110,610,000 73,377,000  79,322,000          259,949,000 18,750,000       
  contract liability                  7,200,000                                            
  long-term debt, net of deferred financing costs of 7,771 and 9,653, respectively              238,229,000                                                
  due from charterers, net of a reserve of 1,635 and 669, respectively               22,069,000                                               
  vessels, net of accumulated depreciation of 239,893 and 204,201, respectively               991,471,000                                               
  deferred drydock, net of accumulated amortization of 11,649 and 8,124 respectively               12,465,000                                               
  fixed assets, net of accumulated depreciation and amortization of 3,525 and 2,266, respectively               6,072,000                                               
  fair market value of time charters acquired               2,220,000                              2,176,000 3,278,000 4,611,000 9,304,000 14,117,000 29,488,000 33,212,000 37,973,000 44,991,000         
  long-term debt, net of deferred financing costs of 8,229 and 9,653, respectively               296,771,000                                               
  due from charterers, net of a reserve of 820 and 669, respectively                13,912,000                                              
  vessels, net of accumulated depreciation of 228,014 and 204,201, respectively                913,829,000                                              
  deferred drydock, net of accumulated amortization of 10,679 and 8,124 respectively                13,956,000                                              
  fixed assets, net of accumulated depreciation and amortization of 3,087 and 2,266, respectively                5,877,000                                              
  long-term debt, net of deferred financing costs of 7,418 and 9,653, respectively                303,687,000                                              
  due from charterers, net of a reserve of 493 and 669, respectively                 11,243,000                                             
  vessels, net of accumulated depreciation of 215,970 and 204,201, respectively                 924,468,000                                             
  deferred drydock, net of accumulated amortization of 9,377 and 8,124 respectively                 14,374,000                                             
  fixed assets, net of accumulated depreciation and amortization of 2,664 and 2,266, respectively                 6,139,000                                             
  long-term debt, net of deferred financing costs of 8,677 and 9,653, respectively                 327,064,000                                             
  due from charterers, net of a reserve of 669 and 1,064, respectively                  12,991,000                                            
  vessels, net of accumulated depreciation of 204,201 and 288,373, respectively                  919,114,000                                            
  deferred drydock, net of accumulated amortization of 8,124 and 11,862 respectively                  14,689,000                                            
  fixed assets, net of accumulated depreciation and amortization of 2,266 and 2,154, respectively                  6,393,000                                            
  long-term debt, net of deferred financing costs of 9,653 and 13,094, respectively                  358,933,000                                            
  due from charterers, net of a reserve of 456 and 1,064, respectively                   10,906,000                                           
  vessels, net of accumulated depreciation of 247,761 and 288,373, respectively                   1,062,888,000                                           
  deferred drydock, net of accumulated amortization of 8,067 and 11,862 respectively                   17,157,000                                           
  fixed assets, net of accumulated depreciation and amortization of 2,406 and 2,154, respectively                   7,534,000                                           
  long-term debt, net of deferred financing costs of 10,650 and 13,094, respectively                   384,141,000                                           
  due from charterers, net of a reserve of 662 and 1,064, respectively                    13,370,000                                          
  vessels, net of accumulated depreciation of 242,465 and 288,373, respectively                    1,109,341,000                                          
  deferred drydock, net of accumulated amortization of 7,691 and 11,862 respectively                    19,192,000                                          
  fixed assets, net of accumulated depreciation and amortization of 2,057 and 2,154, respectively                    7,215,000                                          
  long-term debt, net of deferred financing costs of 11,648 and 13,094, respectively                    403,304,000                                          
  due from charterers, net of a reserve of 665 and 1,064, respectively                     15,004,000                                         
  vessels, net of accumulated depreciation of 228,208 and 288,373, respectively                     1,121,561,000                                         
  deferred drydock, net of accumulated amortization of 6,993 and 11,862 respectively                     17,704,000                                         
  fixed assets, net of accumulated depreciation and amortization of 1,704 and 2,154, respectively                     5,949,000                                         
  long-term debt, net of deferred financing costs of 12,143 and 13,094, respectively                     403,729,000                                         
  revenues:                                                              
  voyage revenues                     98,336,000 389,496,000 103,776,000 83,550,000 367,522,000 92,263,000 86,157,000 20,131,000                                  
  total revenues                     98,336,000 389,496,000 103,776,000 83,550,000 367,522,000 92,263,000 86,157,000 20,942,000                                  
  operating expenses:                                                              
  voyage expenses                     48,368,000 173,043,000 42,967,000 41,800,000 114,855,000 31,475,000 25,983,000 3,896,000                                  
  vessel operating expenses                     21,813,000 96,209,000 24,711,000 24,358,000 97,427,000 25,155,000 23,720,000 29,127,000                                  
  charter hire expenses                     3,075,000 16,179,000 5,475,000 4,849,000 1,534,000 723,000 509,000                                   
  general and administrative expenses                     5,767,000 24,516,000 6,144,000 5,799,000 23,141,000 5,033,000 6,510,000                                   
  technical management fees                     1,854,000 7,567,000 1,885,000 1,885,000 8,000,000 2,028,000 1,950,000                                   
  depreciation and amortization                     17,574,000 72,824,000 18,184,000 18,271,000 68,976,000 17,269,000 16,450,000 20,339,000                                  
  impairment of vessel assets                     112,814,000 27,393,000 12,182,000 13,897,000 56,586,000  184,000 1,685,000                                  
  gain on sale of vessels                     486,000 168,000   -3,513,000 -1,509,000                                    
  total operating expenses                     211,751,000 417,899,000 111,548,000 110,859,000 367,006,000 80,174,000 75,306,000 67,902,000                                  
  operating income                     -113,415,000 -28,403,000 -7,772,000 -27,309,000 516,000 12,089,000 10,851,000                                   
  other income:                                                              
  other income                     -584,000 501,000 86,000 107,000 367,000 213,000 144,000                                   
  interest income                     594,000 4,095,000 892,000 1,073,000 3,801,000 1,062,000 887,000 62,000                                  
  interest expense                     -6,945,000 -31,955,000 -7,797,000 -8,124,000 -33,091,000 -7,656,000 -8,469,000                                   
  net income                     -120,350,000 -55,985,000 -14,591,000 -34,476,000 -32,940,000 5,708,000 -1,120,000                                   
  net income per share                     -2,870 -1,340  -830 -860  -30 -750                                  
  weighted-average common shares outstanding-basic                     41,866,357,000 41,762,893,000 41,749,200,000 41,742,301,000 38,382,599,000 41,618,187,000 35,516,058,000 72,187,954,000                                  
  weighted-average common shares outstanding-diluted                     41,866,357,000 41,762,893,000 41,749,200,000 41,742,301,000 38,382,599,000 41,821,008,000 35,516,058,000 72,187,954,000                                  
  due from charterers, net of a reserve of 1,064 and 669, respectively                      13,701,000                                        
  vessels, net of accumulated depreciation of 288,373 and 244,529, respectively                      1,273,861,000                                        
  deferred drydock, net of accumulated amortization of 11,862 and 13,553 respectively                      17,304,000                                        
  fixed assets, net of accumulated depreciation and amortization of 2,154 and 1,281, respectively                      5,976,000                                        
  deferred rent                                                              
  long-term debt, net of deferred financing costs of 13,094 and 16,272, respectively                      412,983,000                                        
  retained deficit                      -743,257,000 -744,140,000 -729,549,000 -687,272,000 -705,556,000 -711,263,000                                   
  impairment of right-of-use asset                      -223,000  -223,000                                      
  loss on debt extinguishment                         -4,533,000  -4,533,000                                   
  due from charterers, net of a reserve of 1,257 and 669, respectively                       20,391,000                                       
  vessels, net of accumulated depreciation of 272,074 and 244,529, respectively                       1,290,741,000                                       
  deferred drydock, net of accumulated amortization of 11,860 and 13,553 respectively                       16,039,000                                       
  fixed assets, net of accumulated depreciation and amortization of 1,789 and 1,281, respectively                       5,229,000                                       
  long-term debt, net of deferred financing costs of 14,054 and 16,272, respectively                       434,440,000                                       
  net earnings per share-basic                       -350   140                                    
  net earnings per share-diluted                       -350   140                                    
  due from charterers, net of a reserve of 1,047 and 669, respectively                        15,718,000                                      
  vessels, net of accumulated depreciation of 265,147 and 244,529, respectively                        1,320,149,000                                      
  deferred drydock, net of accumulated amortization of 15,175 and 13,553 respectively                        11,629,000                                      
  fixed assets, net of accumulated depreciation and amortization of 1,575 and 1,281, respectively                        4,077,000                                      
  long-term debt, net of deferred financing costs of 15,015 and 16,272, respectively                        433,030,000                                      
  due from charterers, net of a reserve of 669 and 246, respectively                         22,306,000                                     
  vessels, net of accumulated depreciation of 244,529 and 213,431, respectively                         1,344,870,000                                     
  deferred drydock, net of accumulated amortization of 13,553 and 9,540 respectively                         9,544,000                                     
  fixed assets, net of accumulated depreciation and amortization of 1,281 and 1,003, respectively                         2,290,000                                     
  other noncurrent assets                            514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000 514,000                    
  long-term lease obligations                         3,468,000 3,576,000 3,127,000 1,329,000 789,000 186,000 3,114,000 3,015,000 2,828,000 2,658,000 2,465,000 2,056,000 1,750,000 1,539,000                        
  long-term debt, net of deferred financing costs of 16,272 and 9,032, respectively                         468,828,000                                     
  service revenues                            811,000                                  
  other operating income                                                              
  impairment of investment                                                              
  income before reorganization items                         -32,940,000                                     
  reorganization items                                                              
  income before income taxes                         -32,940,000 5,708,000 -1,120,000                                   
  income tax expense                                                              
  due from charterers, net of a reserve of 515 and 246, respectively                          18,536,000                                    
  vessels, net of accumulated depreciation of 229,559 and 213,431, respectively                          1,382,428,000                                    
  deferred drydock, net of accumulated amortization of 12,366 and 9,540 respectively                          10,728,000                                    
  fixed assets, net of accumulated depreciation and amortization of 1,177 and 1,003, respectively                          1,495,000                                    
  long-term debt, net of deferred financing costs of 17,200 and 9,032, respectively                          484,480,000                                    
  due from charterers, net of a reserve of 601 and 246, respectively                           14,408,000                                   
  vessels, net of accumulated depreciation of 213,771 and 213,431, respectively                           1,172,246,000                                   
  deferred drydock, net of accumulated amortization of 11,196 and 9,540 respectively                           11,123,000                                   
  fixed assets, net of accumulated depreciation and amortization of 1,091 and 1,003, respectively                           1,247,000                                   
  long-term debt, net of deferred financing costs of 16,063 and 9,032, respectively                           398,937,000                                   
  due from charterers, net of a reserve of 213 and 429, respectively                            8,373,000                                  
  vessels, net of accumulated depreciation of 127,067 and 107,998, respectively                            1,487,506,000                                  
  deferred drydock, net of accumulated amortization of 4,316 and 3,207, respectively                            15,099,000                                  
  deferred financing costs, net of accumulated amortization of 935 and 734, respectively                            3,093,000                                  
  fixed assets, net of accumulated depreciation and amortization of 500 and 404, respectively                            1,269,000                                  
  investments                            12,334,000 25,443,000 38,463,000 77,570,000 41,829,000 27,315,000 30,591,000 20,988,000 23,825,000 27,386,000 32,282,000 24,468,000 27,849,000 42,450,000 55,144,000 54,714,000 63,653,000 53,281,000 76,423,000 72,181,000 49,238,000 35,433,000             
  current portion of long-term debt, net of deferred financing costs of 8,883 and 9,411, respectively                            561,097,000                                  
  total current liabilities                            584,942,000 79,322,000  1,481,626,000 1,476,952,000 1,477,474,000 1,476,774,000 25,680,000 28,277,000 250,597,000 251,348,000 221,702,000 185,775,000 150,491,000 120,964,000 118,022,000 123,334,000 80,076,000 80,379,000 79,013,000 82,063,000 28,874,000 31,133,000 29,742,000 24,788,000 70,364,000 283,680,000 36,332,000 12,504,000 15,173,000 6,709,000 5,891,000 5,909,000 5,978,000 
  general, administrative and management fees                            12,855,000                                  
  less: net income attributable to noncontrolling interest                                                              
  net income attributable to genco shipping & trading limited                            -54,483,000                                  
  due from charterers, net of a reserve of 1,292 and 1,588, respectively                             14,456,000                                 
  vessels, net of accumulated depreciation of 70,977 and 36,258, respectively                             1,490,043,000                                 
  deferred drydock, net of accumulated amortization of 1,325 and 330, respectively                             12,539,000                                 
  deferred financing costs, net of accumulated amortization of 1,780 and 729, respectively                             11,348,000                                 
  fixed assets, net of accumulated depreciation and amortization of 236 and 119, respectively                             1,017,000                                 
  long-term debt                             403,825,000 372,803,000 163,625,000 122,750,000 102,250,000 101,250,000 1,413,439,000 1,413,439,000 1,340,743,000 1,347,741,000 1,402,935,000 1,502,011,000 1,538,300,000 1,574,101,000  1,551,152,000 1,261,975,000 1,264,500,000  1,289,500,000 1,173,300,000 1,129,500,000    566,251,000 264,483,000 206,233,000      
  genco shipping & trading limited shareholders’ equity:                                                              
  successor company common stock, par value 0.01; 250,000,000 shares authorized; issued and outstanding 61,610,503 and 61,541,389 shares at june 30, 2015 and december 31, 2014, respectively                             615,000                                 
  successor company additional paid-in capital                             1,274,588,000 1,239,439,000                                
  accumulated other comprehensive loss                                                              
  due from charterers, net of a reserve of 1,576 and 632, respectively                              15,594,000                                
  time charters acquired                              16,000 84,000 135,000 185,000 286,000 418,000 606,000 793,000 978,000 1,164,000 1,137,000 1,601,000 1,724,000 2,197,000 2,864,000                  
  vessels, net of accumulated depreciation of 17,215 and 730,662, respectively                              1,522,106,000                                
  deferred drydock, net of accumulated amortization of 69 and 11,107, respectively                              3,096,000                                
  deferred financing costs, net of accumulated amortization of 2,562 and 22,279, respectively                              6,691,000                                
  fixed assets, net of accumulated depreciation and amortization of 66 and 3,438, respectively                              646,000                                
  goodwill                              166,067,000                                
  current interest payable                               13,199,000 13,199,000 13,199,000 13,199,000                            
  convertible senior note payable                               115,881,000 114,571,000 113,306,000 112,097,000 110,918,000 109,726,000 108,569,000 107,471,000 106,381,000 105,308,000 104,262,000 103,276,000 102,309,000 101,395,000                  
  current portion of lease obligations                               176,000 284,000 444,000 614,000 682,000 642,000 680,000 682,000                        
  predecessor company common stock, par value 0.01; 100,000,000 shares authorized; 44,449,407 shares issued and outstanding at december 31, 2013                                                              
  predecessor company additional paid-in capital                                                              
  successor company common stock, par value 0.01; 250,000,000 shares authorized; 61,410,372 shares issued and outstanding at september 30, 2014                              614,000                                
  retained (deficit) earnings                                                              
  due from charterers                               14,241,000    11,714,000    13,688,000    8,794,000    2,117,000    3,900,000 2,696,000 2,343,000 2,750,000 1,882,000 985,000 471,000 217,000 561,000 306,000 219,000 
  vessels, net of accumulated depreciation of 730,662 and 597,214, respectively                               2,673,795,000                               
  deferred drydock, net of accumulated amortization of 11,107 and 8,086, respectively                               11,069,000                               
  deferred financing costs, net of accumulated amortization of 22,279 and 13,162, respectively                               22,011,000                               
  fixed assets, net of accumulated depreciation and amortization of 3,438 and 3,311, respectively                               5,104,000                               
  long-term interest payable                                   13,199,000 13,199,000                          
  retained earnings                               66,644,000 85,821,000 120,855,000 166,226,000 214,391,000 260,031,000 298,485,000 326,258,000 359,349,000 359,057,000 357,505,000 347,422,000 334,022,000 299,234,000 263,027,000 226,270,000 192,820,000 157,327,000 123,055,000 187,019,000 160,967,000 129,146,000 79,876,000 42,001,000 42,520,000 45,639,000 42,644,000 41,385,000 43,742,000 41,480,000 40,163,000 
  due from charterers, net of a reserve of 361 and 488, respectively                                14,780,000                              
  vessels, net of accumulated depreciation of 696,621 and 597,214, respectively                                2,604,147,000                              
  deferred drydock, net of accumulated amortization of 11,119 and 8,086, respectively                                9,707,000                              
  other assets, net of accumulated amortization of 20,025 and 13,162, respectively                                23,517,000                              
  fixed assets, net of accumulated depreciation and amortization of 3,998 and 3,311, respectively                                5,198,000                              
  due from charterers, net of a reserve of 408 and 488, respectively                                 10,946,000                             
  vessels, net of accumulated depreciation of 663,055 and 597,214, respectively                                 2,596,615,000                             
  deferred drydock, net of accumulated amortization of 10,403 and 8,086, respectively                                 10,634,000                             
  other assets, net of accumulated amortization of 16,853 and 13,162, respectively                                 25,870,000                             
  fixed assets, net of accumulated depreciation and amortization of 3,765 and 3,311, respectively                                 5,014,000                             
  due from charterers, net of a reserve of 484 and 488, respectively                                  12,141,000                            
  vessels, net of accumulated depreciation of 629,953 and 597,214, respectively                                  2,629,691,000                            
  deferred drydock, net of accumulated amortization of 9,010 and 8,086, respectively                                  11,909,000                            
  other assets, net of accumulated amortization of 14,997 and 13,162, respectively                                  27,726,000                            
  fixed assets, net of accumulated depreciation and amortization of 3,539 and 3,311, respectively                                  5,092,000                            
  vessels, net of accumulated depreciation of 597,214 and 464,518, respectively                                   2,662,403,000                           
  deferred drydock, net of accumulated amortization of 8,086 and 11,111, respectively                                   12,037,000                           
  other assets, net of accumulated amortization of 13,162 and 7,749, respectively                                   29,561,000                           
  fixed assets, net of accumulated depreciation and amortization of 3,311 and 2,422, respectively                                   5,258,000                           
  due from charterers, net of a reserve of 495 and 906, respectively                                    8,616,000                          
  vessels, net of accumulated depreciation of 563,749 and 464,518, respectively                                    2,695,638,000                          
  deferred drydock, net of accumulated amortization of 6,675 and 11,111, respectively                                    13,723,000                          
  other assets, net of accumulated amortization of 11,304 and 7,749, respectively                                    31,907,000                          
  fixed assets, net of accumulated depreciation and amortization of 3,077 and 2,422, respectively                                    5,402,000                          
  due from charterers, net of a reserve of 806 and 906, respectively                                     10,956,000                         
  vessels, net of accumulated depreciation of 530,418 and 464,518, respectively                                     2,729,000,000                         
  deferred drydock, net of accumulated amortization of 7,489 and 11,111, respectively                                     11,814,000                         
  other assets, net of accumulated amortization of 9,708 and 7,749, respectively                                     15,906,000                         
  fixed assets, net of accumulated depreciation and amortization of 2,847 and 2,422, respectively                                     5,477,000                         
  due from charterers, net of a reserve of 951 and 906, respectively                                      11,239,000                        
  vessels, net of accumulated depreciation of 497,485 and 464,518, respectively                                      2,761,813,000                        
  deferred drydock, net of accumulated amortization of 9,038 and 11,111, respectively                                      9,764,000                        
  other assets, net of accumulated amortization of 8,729 and 7,749, respectively                                      16,887,000                        
  fixed assets, net of accumulated depreciation and amortization of 2,621 and 2,422, respectively                                      5,490,000                        
  vessels, net of accumulated depreciation of 464,518 and 334,502, respectively                                       2,794,860,000                       
  deferred drydock, net of accumulated amortization of 11,111 and 9,044, respectively                                       6,934,000                       
  other assets, net of accumulated amortization of 7,749 and 4,561, respectively                                       17,795,000                       
  fixed assets, net of accumulated depreciation and amortization of 2,422 and 2,041, respectively                                       5,591,000                       
  deferred rent credit                                       1,823,000 1,610,000 1,233,000 644,000 657,000 670,000 677,000 682,000 687,000 692,000 696,000 711,000 715,000 720,000 725,000 729,000 734,000 739,000 743,000 748,000 713,000 596,000 479,000 
  due from charterers, net of a reserve of 940 and 592, respectively                                        11,069,000                      
  vessels, net of accumulated depreciation of 431,244 and 334,502, respectively                                        2,793,444,000                      
  deferred drydock, net of accumulated amortization of 9,368 and 9,044, respectively                                        6,868,000                      
  other assets, net of accumulated amortization of 6,930 and 4,561, respectively                                        14,693,000                      
  fixed assets, net of accumulated depreciation and amortization of 2,287 and 2,041, respectively                                        3,875,000                      
  due from charterers, net of a reserve of 996 and 592, respectively                                         8,860,000                     
  vessels, net of accumulated depreciation of 398,190 and 334,502, respectively                                         2,792,033,000                     
  deferred drydock, net of accumulated amortization of 9,850 and 9,044, respectively                                         7,199,000                     
  other assets, net of accumulated amortization of 6,133 and 4,561, respectively                                         15,490,000                     
  fixed assets, net of accumulated depreciation and amortization of 2,163 and 2,041, respectively                                         2,330,000                     
  due from charterers, net of a reserve of 521 and 592, respectively                                          7,679,000                    
  vessels, net of accumulated depreciation of 365,926 and 334,502, respectively                                          2,789,423,000                    
  deferred drydock, net of accumulated depreciation of 9,518 and 9,044, respectively                                          7,678,000                    
  other assets, net of accumulated amortization of 5,340 and 4,561, respectively                                          16,195,000                    
  fixed assets, net of accumulated depreciation and amortization of 2,161 and 2,041, respectively                                          2,308,000                    
  vessels, net of accumulated depreciation of 334,502 and 224,706, respectively                                           2,783,810,000                   
  deferred drydock, net of accumulated amortization of 9,044 and 4,384, respectively                                           8,538,000                   
  other assets, net of accumulated amortization of 4,561 and 2,585, respectively                                           16,937,000                   
  fixed assets, net of accumulated depreciation and amortization of 2,041 and 1,554, respectively                                           2,310,000                   
  current portion of long term debt                                           71,841,000  50,000,000 50,000,000 50,000,000 50,000,000     43,000,000    4,322,000     
  long term debt                                           1,572,098,000    1,277,000,000    989,250,000 1,014,500,000 893,000,000    207,611,000 138,808,000 130,683,000 130,683,000 130,683,000 
  total genco shipping & trading shareholders’ equity                                           1,132,949,000                   
  due from charterers, net of a reserve of 319 and 171, respectively                                            5,595,000                  
  deposits on vessels to be sold                                            6,930,000 10,598,000                 
  vessels, net of accumulated depreciation of 301,931 and 224,706, respectively                                            2,706,281,000                  
  deferred drydock, net of accumulated depreciation of 7,173 and 4,384, respectively                                            9,921,000                  
  other assets, net of accumulated amortization of 3,776 and 2,585, respectively                                            16,176,000                  
  fixed assets, net of accumulated depreciation and amortization of 1,911 and 1,554, respectively                                            2,381,000                  
  accumulated other comprehensive (deficit) income                                                  -88,925,000 -5,651,000 -31,680,000          
  due from charterers, net of a reserve of 292 and 171, respectively                                             3,076,000                 
  vessels, net of accumulated depreciation of 273,248 and 224,706, respectively                                             2,189,382,000                 
  deferred drydock, net of accumulated depreciation of 5,996 and 4,384, respectively                                             10,467,000                 
  other assets, net of accumulated amortization of 3,187 and 2,585, respectively                                             8,636,000                 
  fixed assets, net of accumulated depreciation and amortization of 1,783 and 1,554, respectively                                             2,448,000                 
  paid-in capital                                             723,333,000 720,667,000  721,334,000 720,302,000 716,778,000    308,729,000 308,259,000 307,674,000      
  due from charterers, net of a reserve of 287 and 171, respectively                                              2,430,000                
  vessels, net of accumulated depreciation of 248,218 and 224,706, respectively                                              2,000,180,000                
  deferred drydock, net of accumulated depreciation of 4,891 and 4,384, respectively                                              10,556,000                
  other assets, net of accumulated amortization of 2,849 and 2,585, respectively                                              7,601,000                
  fixed assets, net of accumulated depreciation and amortization of 1,672 and 1,554, respectively                                              2,418,000                
  vessels, net of accumulated depreciation of 224,706 and 140,388, respectively                                               2,023,506,000               
  deferred drydock, net of accumulated amortization of 4,384 and 2,868, respectively                                               10,153,000               
  other assets, net of accumulated amortization of 2,585 and 1,548, respectively                                               8,328,000               
  fixed assets, net of accumulated depreciation and amortization of 1,554 and 1,140, respectively                                               2,458,000               
  liabilities and shareholders’ equity                                                              
  shareholders’ equity:                                                              
  outstanding 31,842,798 and 31,709,548 shares at december 31, 2009 and december 31, 2008, respectively                                               318,000               
  paid in capital                                               722,198,000    721,648,000 524,589,000 523,002,000    307,088,000 306,834,000 306,516,000 306,019,000 308,163,000 
  accumulated other comprehensive income/                                               13,589,000               
  total shareholders’ equity                                               928,925,000 862,060,000 818,224,000 815,187,000 877,282,000 622,346,000 622,185,000 438,661,000 387,814,000 356,167,000 353,533,000 351,427,000 359,420,000 354,062,000 348,242,000 
  total liabilities and shareholders’ equity                                               2,336,802,000 2,296,140,000 2,084,260,000 2,030,947,000 1,951,696,000 1,746,773,000 1,653,272,000 1,338,347,000 689,556,000 577,342,000 578,262,000 502,377,000 500,963,000 496,036,000 489,958,000 
  see accompanying notes to consolidated financial statements.                                                              
  due from charterers, net of a reserve of 80 and 244, respectively                                                1,413,000              
  vessels, net of accumulated depreciation of 201,892 and 140,388, respectively                                                1,919,161,000              
  deferred drydock, net of accumulated depreciation of 3,350 and 2,868, respectively                                                10,533,000              
  other assets, net of accumulated amortization of 2,315 and 1,548, respectively                                                7,759,000              
  fixed assets, net of accumulated depreciation and amortization of 1,439 and 1,140, respectively                                                2,389,000              
  accumulated other comprehensive deficit                                                -16,918,000 -25,450,000             
  due from charterers, net of a reserve of 18 and 244, respectively                                                 2,130,000             
  vessels, net of accumulated depreciation of 180,420 and 140,388, respectively                                                 1,686,522,000             
  deferred drydock, net of accumulated depreciation of 2,856 and 2,868, respectively                                                 9,765,000             
  other assets, net of accumulated amortization of 2,045 and 1,548, respectively                                                 8,029,000             
  fixed assets, net of accumulated depreciation and amortization of 1,324 and 1,140, respectively                                                 1,909,000             
  short-term investments                                                  60,461,000 158,952,000 159,023,000 167,524,000 217,648,000 132,307,000       
  due from charterers, net of a reserve of 100 and 0, respectively                                                  1,515,000            
  vessels, net of accumulated depreciation of 121,238 and 71,341, respectively                                                  1,617,212,000            
  deferred drydock, net of accumulated depreciation of 2,188 and 941, respectively                                                  7,632,000            
  other assets, net of accumulated amortization of 845 and 288, respectively                                                  9,347,000            
  fixed assets, net of accumulated depreciation and amortization of 1,031 and 722, respectively                                                  1,802,000            
  vessel held for sale                                                     16,857,000    9,450,000     
  vessels, net of accumulated depreciation of 103,156 and 71,341, respectively                                                   1,468,943,000           
  deferred drydock, net of accumulated depreciation of 1,535 and 941, respectively                                                   5,152,000           
  other assets, net of accumulated amortization of 630 and 288, respectively                                                   6,230,000           
  fixed assets, net of accumulated depreciation and amortization of 925 and 722, respectively                                                   1,813,000           
  fair value of derivative instrument                                                   997,000 229,000    3,973,000 4,462,000    2,325,000 
  outstanding 31,780,978 and 28,965,809 shares at june 30, 2008 and december 31, 2007, respectively                                                   318,000           
  vessels, net of accumulated depreciation of 86,816 and 71,341, respectively                                                    1,392,583,000          
  deferred drydock, net of accumulated depreciation of 1,226 and 941, respectively                                                    4,773,000          
  other assets, net of accumulated amortization of 478 and 288, respectively                                                    6,382,000          
  fixed assets, net of accumulated depreciation and amortization of 824 and 722, respectively                                                    1,874,000          
  outstanding 29,078,309 and 28,965,809 shares at march 31, 2008 and december 31, 2007, respectively                                                    291,000          
  vessels, net of accumulated depreciation of 71,341 and 43,769, respectively                                                     1,224,040,000         
  deferred drydock, net of accumulated depreciation of 941 and 366, respectively                                                     4,552,000         
  other assets, net of accumulated amortization of 288 and 468, respectively                                                     6,130,000         
  fixed assets, net of accumulated depreciation and amortization of 722 and 348, respectively                                                     1,939,000         
  outstanding 28,965,809 and 25,505,462 shares at december 31, 2007 and december 31, 2006, respectively                                                     290,000         
  vessels, net of accumulated depreciation of 60,114 and 43,769, respectively                                                      810,828,000        
  deferred drydock, net of accumulated depreciation of 668 and 366, respectively                                                      3,983,000        
  fixed assets, net of accumulated depreciation and amortization of 622 and 348, respectively                                                      2,018,000        
  other assets, net of accumulated amortization of 126 and 468, respectively                                                      6,267,000        
  liability for time charters acquired                                                      42,095,000        
  vessels, net of accumulated depreciation of 57,669 and 43,769, respectively                                                       462,884,000       
  deferred drydock, net of accumulated depreciation of 895 and 366, respectively                                                       3,816,000       
  fixed assets, net of accumulated depreciation and amortization of 538 and 348, respectively                                                       1,981,000       
  other assets, net of accumulated amortization of 739 and 468, respectively                                                       3,894,000       
  outstanding 25,514,600 and 25,505,462 shares at june 30, 2007 and december 31, 2006, respectively                                                       255,000       
  vessels, net of accumulated depreciation of 50,680 and 43,769, respectively                                                        469,872,000      
  deferred drydock, net of accumulated depreciation of 549 and 366, respectively                                                        3,173,000      
  other assets, net of accumulated amortization of 563 and 468, respectively                                                        4,019,000      
  fixed assets, net of accumulated depreciation and amortization of 439 and 348, respectively                                                        1,987,000      
  outstanding 25,518,475 and 25,505,462 shares at march 31, 2007 and december 31, 2006, respectively                                                        255,000      
  vessels, net of accumulated depreciation of 43,769 and 22,659, respectively                                                         476,782,000     
  deferred drydock, net of accumulated depreciation of 366 and 35, respectively                                                         2,452,000     
  other assets, net of accumulated amortization of 468 and 126, respectively                                                         4,571,000     
  fixed assets, net of accumulated depreciation and amortization of 348 and 49, respectively                                                         1,877,000     
  outstanding 25,505,462 and 25,434,212 shares at december 31, 2006 and december 31, 2005, respectively                                                         255,000     
  vessels, net of accumulated depreciation of 41,884 and 22,659, respectively                                                          411,139,000    
  deferred drydock, net of accumulated amortization of 233 and 35, respectively                                                          1,853,000    
  other assets, net of accumulated amortization of 369 and 126, respectively                                                          5,066,000    
  fixed assets, net of accumulated depreciation and amortization of 265 and 49, respectively                                                          1,933,000    
  outstanding 25,434,212 shares at september 30, 2006 and december 31, 2005                                                          254,000    
  vessels, net of accumulated depreciation of 35,405 and 22,659, respectively                                                           417,581,000   
  deferred drydock, net of accumulated amortization of 113 and 35, respectively                                                           1,085,000   
  other assets, net of accumulated amortization of 276 and 126, respectively                                                           4,935,000   
  fixed assets, net of accumulated depreciation and amortization of 183 and 49, respectively                                                           1,945,000   
  outstanding 25,434,212 shares at june 30, 2006 and december 31, 2005                                                           254,000   
  vessels, net of accumulated depreciation of 28,997 and 22,659, respectively                                                            423,972,000  
  deferred drydock, net of accumulated depreciation of 60 and 35, respectively                                                            426,000  
  other assets, net of accumulated amortization of 200 and 126, respectively                                                            5,464,000  
  fixed assets, net of accumulated depreciation and amortization of 104 and 49, respectively                                                            1,745,000  
  outstanding 25,434,212 and 13,500,000 shares at march 31, 2006 and december 31, 2005, respectively                                                            254,000  
  vessels, net of accumulated depreciation of 22,659 and 421, respectively                                                             430,287,000 
  deferred drydock, net of accumulated depreciation of 35 and 0, respectively                                                             152,000 
  other assets, net of accumulated amortization of 126 and 60, respectively                                                             5,967,000 
  fixed assets, net of accumulated depreciation and amortization of 49 and 0, respectively                                                             1,522,000 
  outstanding 25,434,212 and 13,500,000 shares at december 31, 2005 and december 31, 2004, respectively                                                             254,000 
  deferred compensation costs from restricted stock                                                             -2,663,000 

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