XML 95 R69.htm IDEA: XBRL DOCUMENT v3.7.0.1
VESSEL ACQUISITIONS AND DISPOSITIONS (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 12, 2016
USD ($)
Nov. 04, 2016
USD ($)
Oct. 26, 2016
USD ($)
Oct. 21, 2016
USD ($)
Oct. 20, 2016
USD ($)
May 17, 2016
USD ($)
May 06, 2016
USD ($)
Dec. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Jul. 09, 2014
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Jul. 14, 2015
USD ($)
Jan. 01, 2014
USD ($)
Nov. 13, 2013
USD ($)
item
Aug. 12, 2010
USD ($)
item
VESSEL ACQUISITIONS                                
Amortization of time charters acquired                 $ (450)              
Time charters acquired                     $ 0 $ 0        
Net proceeds from sale of vessel assets                     13,024          
Genco Bourgogne, Genco Muse, and Genco Spirit                                
VESSEL ACQUISITIONS                                
Amortization of time charters acquired                 (450)   0 0        
Time charters acquired                   $ 450            
Genco Marine                                
VESSEL ACQUISITIONS                                
Sale of assets             $ 2,187                  
Broker commission (as a percent)             2.00%                  
Loss on sale of vessels           $ 77                    
Net proceeds from sale of vessel assets           $ 1,923                    
Baltic Trading                                
VESSEL ACQUISITIONS                                
Capitalized interest associated with new building contracts                 400   0 372        
Baltic Trading | Baltic Wasp                                
VESSEL ACQUISITIONS                                
Final payment for vessel               $ 19,645                
Predecessor                                
VESSEL ACQUISITIONS                                
Amortization of time charters acquired                   68            
Predecessor | Baltic Trading                                
VESSEL ACQUISITIONS                                
Capitalized interest associated with new building contracts                   295            
Predecessor | Yangfan Group Co., LTD | Agreement to Purchase Ultramax Drybulk Vessels | Baltic Trading                                
VESSEL ACQUISITIONS                                
Purchase price per vessel                             $ 28,000  
Capacity of vessels | item                             64,000  
Number of vessels purchased | item                             2  
Predecessor | Yangfan Group Co., LTD | Agreement to Purchase Ultramax Drybulk Vessels | Baltic Trading | Maximum                                
VESSEL ACQUISITIONS                                
Number of vessels committed to be acquired under purchase agreement | item                             4  
Aggregate purchase price for vessels                             $ 112,000  
Number of vessels purchased under option to be acquired per purchase agreement | item                             2  
Line of Credit Facility | $148 Million Credit Facility                                
VESSEL ACQUISITIONS                                
Face amount of term loan facility                 148,000   148,000 148,000 $ 148,000      
Secured Debt | $100 Million Term Loan Facility                                
VESSEL ACQUISITIONS                                
Face amount of term loan facility                     100,000 100,000        
Repayments of Secured Debt                 $ 3,846   $ 60,099 $ 7,692        
Secured Debt | Predecessor | $100 Million Term Loan Facility                                
VESSEL ACQUISITIONS                                
Number of vessels purchased | item                               5
Face amount of term loan facility                           $ 100,000   $ 100,000
Repayments of Secured Debt                   $ 3,846            
Genco Acheron                                
VESSEL ACQUISITIONS                                
Sale of assets $ 3,480                              
Broker commission (as a percent) 5.50%                              
Genco Pioneer                                
VESSEL ACQUISITIONS                                
Sale of assets     $ 2,650                          
Broker commission (as a percent)     5.50%                          
Genco Pioneer | Line of Credit Facility | $148 Million Credit Facility                                
VESSEL ACQUISITIONS                                
Repayments of Secured Debt     $ 2,504                          
Genco Sugar                                
VESSEL ACQUISITIONS                                
Sale of assets         $ 2,450                      
Broker commission (as a percent)         5.50%                      
Genco Sugar | Secured Debt | $100 Million Term Loan Facility                                
VESSEL ACQUISITIONS                                
Repayments of Secured Debt       $ 2,315                        
Genco Leader                                
VESSEL ACQUISITIONS                                
Sale of assets   $ 3,470                            
Broker commission (as a percent)   3.00%                            
Genco Leader | Line of Credit Facility | $148 Million Credit Facility                                
VESSEL ACQUISITIONS                                
Repayments of Secured Debt   $ 3,366