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Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2014
Jul. 09, 2014
Dec. 31, 2016
Dec. 31, 2015
Revenues:        
Voyage revenues $ 98,817   $ 133,246 $ 150,784
Service revenues 1,584   2,340 3,175
Total revenues 100,401   135,586 153,959
Operating expenses:        
Voyage expenses 7,525   13,227 20,257
Vessel operating expenses 56,943   113,636 122,008
General and administrative expenses (inclusive of nonvested stock amortization expense of $20,680, $42,136, $20,405 and $4,352, respectively) 32,790   45,174 74,941
Technical management fees 4,125   8,932 8,961
Depreciation and amortization 36,714   76,330 79,556
Other operating income (530)   (960) 0
Impairment of vessel assets 0   69,278 39,893
(Gain) loss on sale of vessels     (3,555) 1,210
Goodwill impairment 166,067      
Total operating expenses 303,634   322,062 346,826
Operating loss (203,233)   (186,476) (192,867)
Other (expense) income:        
Impairment of investment 0   (2,696) (37,877)
Other income (expense) 36   645 (796)
Interest income 46   204 110
Interest expense (7,620)   (28,453) (20,032)
Other expense (7,538)   (30,300) (58,595)
Loss before reorganization items, net (210,771)   (216,776) (251,462)
Reorganization items, net (1,591)   (272) (1,085)
Loss before income taxes (212,362)   (217,048) (252,547)
Income tax expense (996)   (709) (1,821)
Net loss (213,358)   (217,757) (254,368)
Less: Net loss attributable to noncontrolling interest (31,064)     (59,471)
Net loss attributable to Genco Shipping & Trading Limited $ (182,294)   $ (217,757) $ (194,897)
Net loss per share-basic $ (30.20)   $ (30.03) $ (29.61)
Net loss per share-diluted $ (30.20)   $ (30.03) $ (29.61)
Weighted average common shares outstanding - Basic 6,036,051   7,251,231 6,583,163
Weighted average common shares outstanding-diluted 6,036,051   7,251,231 6,583,163
Predecessor        
Revenues:        
Voyage revenues   $ 118,759    
Service revenues   1,701    
Total revenues   120,460    
Operating expenses:        
Voyage expenses   4,140    
Vessel operating expenses   64,670    
General and administrative expenses (inclusive of nonvested stock amortization expense of $20,680, $42,136, $20,405 and $4,352, respectively)   26,894    
Technical management fees   4,477    
Depreciation and amortization   75,952    
Other operating income   0    
Impairment of vessel assets   0    
Total operating expenses   176,133    
Operating loss   (55,673)    
Other (expense) income:        
Impairment of investment   0    
Other income (expense)   (106)    
Interest income   45    
Interest expense   (41,061)    
Other expense   (41,122)    
Loss before reorganization items, net   (96,795)    
Reorganization items, net   (915,640)    
Loss before income taxes   (1,012,435)    
Income tax expense   (815)    
Net loss   (1,013,250)    
Less: Net loss attributable to noncontrolling interest   (62,101)    
Net loss attributable to Genco Shipping & Trading Limited   $ (951,149)    
Net loss per share-basic   $ (21.83)    
Net loss per share-diluted   $ (21.83)    
Weighted average common shares outstanding - Basic   43,568,942    
Weighted average common shares outstanding-diluted   43,568,942