Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 122,722 $ 72,600
Restricted cash 9,850 0
Due from charterers, net 14,241 11,714
Prepaid expenses and other current assets 19,065 18,146
Total current assets 165,878 102,460
Noncurrent assets:    
Vessels, net of accumulated depreciation of $730,662 and $597,214, respectively 2,673,795 2,662,403
Deposits on vessels 1,013 0
Deferred drydock, net of accumulated amortization of $11,107 and $8,086, respectively 11,069 12,037
Deferred financing costs, net of accumulated amortization of $22,279 and $13,162, respectively 22,011 29,561
Fixed assets, net of accumulated depreciation and amortization of $3,438 and $3,311, respectively 5,104 5,258
Other noncurrent assets 514 514
Restricted cash 300 10,150
Investments 77,570 20,988
Total noncurrent assets 2,791,376 2,740,911
Total assets 2,957,254 2,843,371
Current liabilities:    
Accounts payable and accrued expenses 27,359 23,667
Current portion of long-term debt 1,316,439 0
Current interest payable 13,199 0
Convertible senior note payable 115,881 0
Deferred revenue 1,597 1,324
Current portion of lease obligations 176 682
Fair value of derivative instruments 6,975 7
Total current liabilities 1,481,626 25,680
Noncurrent liabilities:    
Long-term lease obligations 3,114 2,465
Time charters acquired 84 418
Fair value of derivative instruments 0 16,045
Convertible senior note payable 0 110,918
Long-term interest payable 0 13,199
Long-term debt 163,625 1,413,439
Total noncurrent liabilities 166,823 1,556,484
Total liabilities 1,648,449 1,582,164
Commitments and contingencies      
Genco Shipping & Trading Limited shareholders' equity:    
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,449,407 and 44,270,273 shares at December 31, 2013 and 2012, respectively 445 443
Additional paid-in capital 846,658 863,303
Accumulated other comprehensive income (loss) 53,722 (11,841)
Retained earnings 66,644 214,391
Total Genco Shipping & Trading Limited shareholders' equity 967,469 1,066,296
Noncontrolling interest 341,336 194,911
Total equity 1,308,805 1,261,207
Total liabilities and equity $ 2,957,254 $ 2,843,371