$GNK
GENCO SHIPPING & TRADING LTD

2020 Q3 Form 10-Q Financial Statement

#000155837020012588 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $87.52M $103.8M $83.55M
YoY Change -15.66% 12.43% -3.07%
Cost Of Revenue $58.00M $73.20M $71.00M
YoY Change -20.77% 27.53% 41.43%
Gross Profit $29.60M $30.60M $12.50M
YoY Change -3.27% -12.32% -65.18%
Gross Profit Margin 33.82% 29.49% 14.96%
Selling, General & Admin $6.900M $8.000M $7.700M
YoY Change -13.75% 12.68% -9.41%
% of Gross Profit 23.31% 26.14% 61.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.12M $18.18M $18.27M
YoY Change -11.38% 5.11% 11.41%
% of Gross Profit 54.44% 59.42% 146.17%
Operating Expenses $22.90M $26.10M $26.00M
YoY Change -12.26% 7.41% 4.42%
Operating Profit -$15.67M -$7.772M -$27.31M
YoY Change 101.57% -173.32% -348.26%
Interest Expense $5.097M $7.797M $8.124M
YoY Change -34.63% -218.14% -206.89%
% of Operating Profit
Other Income/Expense, Net -$5.432M -$6.819M -$7.167M
YoY Change -20.34% -3509.5% -7267.0%
Pretax Income -$21.10M -$14.60M -$34.50M
YoY Change 44.52% -356.14% 3036.36%
Income Tax
% Of Pretax Income
Net Earnings -$21.10M -$14.59M -$34.48M
YoY Change 44.6% -355.98% 3034.18%
Net Earnings / Revenue -24.11% -14.06% -41.26%
Basic Earnings Per Share -$0.50 -$0.35 -$0.83
Diluted Earnings Per Share -$0.50 -$0.35 -$0.83
COMMON SHARES
Basic Shares Outstanding 41.93M 41.75M 41.74M
Diluted Shares Outstanding 41.93M 41.75M 41.74M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.2M $165.9M $165.1M
YoY Change -17.9% 0.12% -38.85%
Cash & Equivalents $136.2M $166.2M $165.4M
Short-Term Investments
Other Short-Term Assets $54.10M $29.40M $7.900M
YoY Change 84.01% 37.38% -37.8%
Inventory $21.16M $23.70M $30.00M
Prepaid Expenses
Receivables $10.91M $20.40M $15.70M
Other Receivables $0.00 $1.700M $700.0K
Total Short-Term Assets $222.4M $241.1M $219.4M
YoY Change -7.74% 1.6% -31.93%
LONG-TERM ASSETS
Property, Plant & Equipment $7.534M $1.305B $1.333B
YoY Change -99.42% -5.74% 13.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.50M $16.40M $11.90M
YoY Change 6.71% 49.09% -3.25%
Total Long-Term Assets $1.095B $1.321B $1.345B
YoY Change -17.09% -5.31% 13.43%
TOTAL ASSETS
Total Short-Term Assets $222.4M $241.1M $219.4M
Total Long-Term Assets $1.095B $1.321B $1.345B
Total Assets $1.318B $1.562B $1.564B
YoY Change -15.65% -4.31% 3.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.863M $20.80M $13.30M
YoY Change -52.58% 17.51% 23.15%
Accrued Expenses $14.90M $22.00M $21.40M
YoY Change -32.27% 42.86% 37.18%
Deferred Revenue $8.318M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $80.64M $70.10M $65.60M
YoY Change 15.04% 5.73% 45.78%
Total Short-Term Liabilities $113.7M $119.2M $108.7M
YoY Change -4.64% 8.76% 39.72%
LONG-TERM LIABILITIES
Long-Term Debt $384.1M $434.4M $433.0M
YoY Change -11.57% -11.0% 7.68%
Other Long-Term Liabilities $8.500M $10.30M $10.70M
YoY Change -17.48%
Total Long-Term Liabilities $392.7M $444.7M $443.7M
YoY Change -11.7% -8.89% 10.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.7M $119.2M $108.7M
Total Long-Term Liabilities $392.7M $444.7M $443.7M
Total Liabilities $506.3M $563.9M $552.4M
YoY Change -10.21% -5.66% 15.11%
SHAREHOLDERS EQUITY
Retained Earnings -$902.9M
YoY Change
Common Stock $1.714B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $811.2M $998.0M $1.012B
YoY Change
Total Liabilities & Shareholders Equity $1.318B $1.562B $1.564B
YoY Change -15.65% -4.31% 3.73%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$21.10M -$14.59M -$34.48M
YoY Change 44.6% -355.98% 3034.18%
Depreciation, Depletion And Amortization $16.12M $18.18M $18.27M
YoY Change -11.38% 5.11% 11.41%
Cash From Operating Activities $25.00M $14.00M $3.200M
YoY Change 78.57% -23.91% -79.35%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$18.10M -$10.10M
YoY Change -87.85% -92.44% 910.0%
Acquisitions
YoY Change
Other Investing Activities $15.10M $0.00 $500.0K
YoY Change -100.0% -66.67%
Cash From Investing Activities $12.90M -$18.10M -$9.600M
YoY Change -171.27% -92.08% -2020.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00M 5.000M -21.20M
YoY Change -500.0% -95.27% -139.85%
NET CHANGE
Cash From Operating Activities 25.00M 14.00M 3.200M
Cash From Investing Activities 12.90M -18.10M -9.600M
Cash From Financing Activities -20.00M 5.000M -21.20M
Net Change In Cash 17.90M 900.0K -27.60M
YoY Change 1888.89% -100.86% -139.88%
FREE CASH FLOW
Cash From Operating Activities $25.00M $14.00M $3.200M
Capital Expenditures -$2.200M -$18.10M -$10.10M
Free Cash Flow $27.20M $32.10M $13.30M
YoY Change -15.26% -87.55% -19.39%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41801753
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41754413
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2019Q3 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2020Q3 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
dei Entity Central Index Key
EntityCentralIndexKey
0001326200
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33393
dei Entity Registrant Name
EntityRegistrantName
GENCO SHIPPING & TRADING LIMITED
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
1T
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0439758
dei Entity Address Address Line1
EntityAddressAddressLine1
299 Park Avenue
dei Entity Address Address Line2
EntityAddressAddressLine2
12th Floor
dei Entity Address City Or Town
EntityAddressCityOrTown
New York
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10171
dei City Area Code
CityAreaCode
646
dei Local Phone Number
LocalPhoneNumber
443-8550
dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
GNK
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2020Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41801753
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136233000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155889000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
24227000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6045000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
456000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1064000
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10906000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13701000
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9014000
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10049000
CY2020Q3 us-gaap Inventory Net
InventoryNet
21159000
CY2019Q4 us-gaap Inventory Net
InventoryNet
27208000
CY2020Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
20889000
CY2019Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
10303000
CY2020Q3 us-gaap Assets Current
AssetsCurrent
222428000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
223195000
CY2020Q3 gnk Accumulated Depreciation Vessels
AccumulatedDepreciationVessels
247761000
CY2019Q4 gnk Accumulated Depreciation Vessels
AccumulatedDepreciationVessels
288373000
CY2020Q3 gnk Vessels Net
VesselsNet
1062888000
CY2019Q4 gnk Vessels Net
VesselsNet
1273861000
CY2020Q3 gnk Accumulated Depreciation Of Deferred Drydock Costs
AccumulatedDepreciationOfDeferredDrydockCosts
8067000
CY2019Q4 gnk Accumulated Depreciation Of Deferred Drydock Costs
AccumulatedDepreciationOfDeferredDrydockCosts
11862000
CY2020Q3 gnk Deferred Drydock Costs Net
DeferredDrydockCostsNet
17157000
CY2019Q4 gnk Deferred Drydock Costs Net
DeferredDrydockCostsNet
17304000
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2406000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2154000
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7534000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5976000
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7225000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8241000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2020Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
1095119000
CY2019Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
1305697000
CY2020Q3 us-gaap Assets
Assets
1317547000
CY2019Q4 us-gaap Assets
Assets
1528892000
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
22973000
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
49604000
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
80642000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
69747000
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8318000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6627000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1742000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1677000
CY2020Q3 us-gaap Liabilities Current
LiabilitiesCurrent
113675000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
127655000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8511000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9826000
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10650000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
13094000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
384141000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
412983000
CY2020Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
392652000
CY2019Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
422809000
CY2020Q3 us-gaap Liabilities
Liabilities
506327000
CY2019Q4 us-gaap Liabilities
Liabilities
550464000
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
26078000
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-358000
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41801753
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41754413
CY2020Q3 us-gaap Common Stock Value
CommonStockValue
418000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
417000
CY2020Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1713711000
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1721268000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49619000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54532000
CY2020Q3 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
21896000
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-902909000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-743257000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
811220000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
978428000
CY2019Q3 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
12182000
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1317547000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1528892000
CY2020Q3 us-gaap Revenues
Revenues
87524000
CY2019Q3 us-gaap Revenues
Revenues
103776000
us-gaap Revenues
Revenues
260066000
us-gaap Revenues
Revenues
280790000
CY2020Q3 gnk Voyage Expenses
VoyageExpenses
33487000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
134710000
CY2019Q3 gnk Voyage Expenses
VoyageExpenses
42967000
gnk Voyage Expenses
VoyageExpenses
123550000
gnk Voyage Expenses
VoyageExpenses
127789000
CY2020Q3 us-gaap Direct Operating Costs
DirectOperatingCosts
23460000
CY2019Q3 us-gaap Direct Operating Costs
DirectOperatingCosts
24711000
us-gaap Direct Operating Costs
DirectOperatingCosts
66332000
us-gaap Direct Operating Costs
DirectOperatingCosts
72260000
CY2020Q3 gnk Charter Hire Expense
CharterHireExpense
1020000
CY2019Q3 gnk Charter Hire Expense
CharterHireExpense
5475000
gnk Charter Hire Expense
CharterHireExpense
5527000
gnk Charter Hire Expense
CharterHireExpense
12743000
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
534000
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
575000
us-gaap Share Based Compensation
ShareBasedCompensation
1491000
us-gaap Share Based Compensation
ShareBasedCompensation
1596000
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5115000
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6144000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16353000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18253000
CY2020Q3 gnk Technical Management Fees
TechnicalManagementFees
1739000
CY2019Q3 gnk Technical Management Fees
TechnicalManagementFees
1885000
gnk Technical Management Fees
TechnicalManagementFees
5316000
gnk Technical Management Fees
TechnicalManagementFees
5710000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16115000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18184000
us-gaap Investment Income Interest
InvestmentIncomeInterest
948000
us-gaap Investment Income Interest
InvestmentIncomeInterest
3292000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
611000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-844000
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
103190000
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
111548000
us-gaap Costs And Expenses
CostsAndExpenses
402251000
us-gaap Costs And Expenses
CostsAndExpenses
316754000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-15666000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7772000
us-gaap Operating Income Loss
OperatingIncomeLoss
-142185000
us-gaap Operating Income Loss
OperatingIncomeLoss
-35964000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-436000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
86000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-900000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
523000
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
101000
CY2019Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
892000
CY2020Q3 us-gaap Interest Expense
InterestExpense
5097000
CY2019Q3 us-gaap Interest Expense
InterestExpense
7797000
us-gaap Interest Expense
InterestExpense
17515000
us-gaap Interest Expense
InterestExpense
24496000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
223000
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5432000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6819000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-17467000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20904000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21098000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14591000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-159652000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-56868000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.36
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.36
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41928682
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41749200
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41898756
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41739287
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41928682
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41749200
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41898756
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41739287
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21098000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14591000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-159652000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-56868000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-21098000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1915000
gnk Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-143000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14591000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-159652000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56868000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
978428000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-120350000
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
47341
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
1490
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.175
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7363000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
481000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
851196000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-18204000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
842000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
476000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
832626000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-21098000
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
842000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
534000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
811220000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1053307000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-7801000
CY2019Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
12477
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
452000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1045958000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-34476000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
569000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1012051000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-14591000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
575000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
998035000
us-gaap Profit Loss
ProfitLoss
-159652000
us-gaap Profit Loss
ProfitLoss
-56868000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49619000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54532000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2906000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2828000
gnk Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
1016000
gnk Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
911000
us-gaap Share Based Compensation
ShareBasedCompensation
1491000
us-gaap Share Based Compensation
ShareBasedCompensation
1596000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
223000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
134710000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
26078000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-844000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
611000
gnk Proceeds From Insurance Protection And Indemnity Claims
ProceedsFromInsuranceProtectionAndIndemnityClaims
330000
gnk Proceeds From Insurance Protection And Indemnity Claims
ProceedsFromInsuranceProtectionAndIndemnityClaims
413000
gnk Proceeds From Insurance For Loss Of Hire Claims
ProceedsFromInsuranceForLossOfHireClaims
78000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2795000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6049000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6566000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-17956000
gnk Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
655000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5061000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1691000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-79000
gnk Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1250000
gnk Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1187000
gnk Deferred Drydock Costs Incurred
DeferredDrydockCostsIncurred
6799000
gnk Deferred Drydock Costs Incurred
DeferredDrydockCostsIncurred
11965000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16015000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28758000
gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits
3379000
gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits
10392000
gnk Payments To Acquire Scrubbers
PaymentsToAcquireScrubbers
10948000
gnk Payments To Acquire Scrubbers
PaymentsToAcquireScrubbers
24736000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3684000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3590000
gnk Proceeds From Sale Of Vessel Assets Net
ProceedsFromSaleOfVesselAssetsNet
29854000
gnk Proceeds From Sale Of Vessel Assets Net
ProceedsFromSaleOfVesselAssetsNet
6309000
gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
484000
gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
612000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12327000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31797000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
105000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8963000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
462000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
611000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29816000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33531000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1474000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-36570000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162249000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
202761000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160775000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166191000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:50.4pt;text-indent:-50.4pt;margin:0pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">1 - GENERAL INFORMATION</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:50.4pt;text-indent:-50.4pt;margin:0pt;"><span style="font-size:5pt;line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The accompanying condensed consolidated financial statements include the accounts of Genco Shipping &amp; Trading Limited (“GS&amp;T”) and its direct and indirect wholly-owned subsidiaries (collectively, the “Company”). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels and operates in one business segment. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">At September 30, 2020, the Company’s fleet consists of 51 drybulk vessels, including 17 Capesize drybulk carriers, six Ultramax drybulk carriers, 20 Supramax drybulk carriers and 8 Handysize drybulk carriers, with an aggregate carrying capacity of approximately 4,768,900 dwt and an average age of approximately 10.3 years.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">In March 2020, the World Health Organization declared the outbreak of a novel coronavirus strain, or COVID-19, to be a pandemic. The COVID-19 pandemic is having widespread, rapidly evolving, and unpredictable impacts on global society, economies, financial markets, and business practices. Governments have implemented measures in an effort to contain the virus, including social distancing, travel restrictions, border closures, limitations on public gatherings, working from home, supply chain logistical changes, and closure of non-essential businesses. This has led to a significant slowdown in overall economic activity levels globally and a decline in demand for certain of the raw materials that our vessels transport. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">At present, it is not possible to ascertain any future impact of COVID-19 on the Company’s operational and financial performance, which may take some time to materialize and may not be fully reflected in the results for 2020.  However, an increase in the severity or duration or a resurgence of the COVID-19 pandemic could have a material adverse effect on the Company’s business, results of operations, cash flows, financial condition, the carrying value of the Company’s assets, the fair values of the Company’s vessels, and the Company’s ability to pay dividends. </p>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136233000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155889000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
24227000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6045000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160775000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
162249000
CY2020Q3 gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
392000
CY2019Q3 gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-497000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-1407000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-734000
CY2020Q3 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
21896000
CY2019Q3 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
12182000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
134710000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
26078000
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-358000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-844000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
611000
CY2019Q3 gnk Number Of Vessels Sold
NumberOfVesselsSold
0
gnk Noncash Or Part Noncash Reclassification From Vessels To Vessels Held For Sale
NoncashOrPartNoncashReclassificationFromVesselsToVesselsHeldForSale
20889000
us-gaap Interest Paid Net
InterestPaidNet
14577000
us-gaap Interest Paid Net
InterestPaidNet
21927000
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Income Taxes Paid
IncomeTaxesPaid
0
us-gaap Operating Lease Payments
OperatingLeasePayments
1672000
us-gaap Operating Lease Payments
OperatingLeasePayments
1672000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41928682
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41749200
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41898756
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41739287
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41928682
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41749200
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41898756
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41739287
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41928682
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41749200
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41898756
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41739287
CY2020Q3 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
3232000
us-gaap Sublease Income
SubleaseIncome
0
CY2019Q4 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
4105000
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
475433000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
495824000
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10650000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
13094000
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
80642000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
69747000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
384141000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
412983000
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
475433000
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10650000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
495824000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
13094000
CY2020Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
10650000
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
13094000
CY2020Q3 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
9878000
CY2019Q4 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
19459000
CY2020Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
22973000
CY2020Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0323
CY2019Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0531
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0389
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0544
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
0
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
49604000
CY2020Q3 us-gaap Lease Practical Expedient Lessor Single Lease Component
LeasePracticalExpedientLessorSingleLeaseComponent
true
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
9863000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
26040000
CY2020Q3 us-gaap Lease Income
LeaseIncome
20795000
CY2019Q3 us-gaap Lease Income
LeaseIncome
29619000
us-gaap Lease Income
LeaseIncome
51929000
us-gaap Lease Income
LeaseIncome
78861000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
66729000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74157000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
208137000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201929000
CY2020Q3 us-gaap Revenues
Revenues
87524000
CY2019Q3 us-gaap Revenues
Revenues
103776000
us-gaap Revenues
Revenues
260066000
us-gaap Revenues
Revenues
280790000
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
306000
us-gaap Sublease Income
SubleaseIncome
918000

Files In Submission

Name View Source Status
0001558370-20-012588-index-headers.html Edgar Link pending
0001558370-20-012588-index.html Edgar Link pending
0001558370-20-012588.txt Edgar Link pending
0001558370-20-012588-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gnk-20200930.xsd Edgar Link pending
gnk-20200930x10q.htm Edgar Link pending
gnk-20200930x10q_htm.xml Edgar Link completed
gnk-20200930xex31d1.htm Edgar Link pending
gnk-20200930xex31d2.htm Edgar Link pending
gnk-20200930xex32d1.htm Edgar Link pending
gnk-20200930xex32d2.htm Edgar Link pending
gnk-20200930_cal.xml Edgar Link unprocessable
gnk-20200930_def.xml Edgar Link unprocessable
gnk-20200930_lab.xml Edgar Link unprocessable
gnk-20200930_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending