Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 65,532	$ 114,573
Restricted cash	5,643	5,643
Due from charterers, net of a reserve of $2,061 and $1,403, respectively	25,866	20,116
Prepaid expenses and other current assets	10,817	9,935
Inventories	32,181	24,563
Fair value of derivative instruments	5,724
Total current assets	145,763	174,830
Noncurrent assets:
Vessels, net of accumulated depreciation of $290,291 and $253,005, respectively	1,014,154	981,141
Deposits on vessels		18,543
Deferred drydock, net of accumulated amortization of $13,695 and $12,879 respectively	31,282	14,275
Fixed assets, net of accumulated depreciation and amortization of $5,611 and $3,984, respectively	8,125	7,237
Operating lease right-of-use assets	4,435	5,495
Restricted cash	315	315
Fair value of derivative instruments	1,659	1,166
Total noncurrent assets	1,059,970	1,028,172
Total assets	1,205,733	1,203,002
Current liabilities:
Accounts payable and accrued expenses	38,831	29,956
Deferred revenue	14,464	10,081
Current operating lease liabilities	2,025	1,858
Total current liabilities:	55,320	41,895
Noncurrent liabilities:
Long-term operating lease liabilities	4,652	6,203
Long-term debt, net of deferred financing costs of $6,505 and $7,771, respectively	173,245	238,229
Total noncurrent liabilities	177,897	244,432
Total liabilities	233,217	286,327
Commitments and contingencies (Note 13)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 42,327,181 and 41,924,597 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	423	419
Additional paid-in capital	1,621,185	1,702,166
Accumulated other comprehensive income	7,105	825
Accumulated deficit	(656,924)	(786,823)
Total Genco Shipping & Trading Limited shareholders' equity	971,789	916,587
Noncontrolling interest	727	88
Total equity	972,516	916,675
Total liabilities and equity	$ 1,205,733	$ 1,203,002