Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 44,669	$ 114,573
Restricted cash	5,643	5,643
Due from charterers, net of a reserve of $1,471 and $1,403, respectively	24,963	20,116
Prepaid expenses and other current assets	9,237	9,935
Inventories	31,740	24,563
Fair value of derivative instruments	3,894
Total current assets	120,146	174,830
Noncurrent assets:
Vessels, net of accumulated depreciation of $277,600 and $253,005, respectively	1,025,403	981,141
Deposits on vessels		18,543
Deferred drydock, net of accumulated amortization of $14,063 and $12,879 respectively	25,521	14,275
Fixed assets, net of accumulated depreciation and amortization of $5,019 and $3,984, respectively	8,014	7,237
Operating lease right-of-use assets	4,790	5,495
Restricted cash	315	315
Fair value of derivative instruments	1,954	1,166
Total noncurrent assets	1,065,997	1,028,172
Total assets	1,186,143	1,203,002
Current liabilities:
Accounts payable and accrued expenses	41,183	29,956
Deferred revenue	5,789	10,081
Current operating lease liabilities	1,944	1,858
Total current liabilities:	48,916	41,895
Noncurrent liabilities:
Long-term operating lease liabilities	5,200	6,203
Long-term debt, net of deferred financing costs of $6,932 and $7,771, respectively	181,568	238,229
Total noncurrent liabilities	186,768	244,432
Total liabilities	235,684	286,327
Commitments and contingencies (Note 13)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 42,281,407 and 41,924,597 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	423	419
Additional paid-in capital	1,641,664	1,702,166
Accumulated other comprehensive income	5,617	825
Accumulated deficit	(697,752)	(786,823)
Total Genco Shipping & Trading Limited shareholders' equity	949,952	916,587
Noncontrolling interest	507	88
Total equity	950,459	916,675
Total liabilities and equity	$ 1,186,143	$ 1,203,002