$GNK
GENCO SHIPPING & TRADING LTD

2024 Q3 Form 10-Q Financial Statement

#000155837024011391 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $99.33M $107.0M
YoY Change 19.16% 18.21%
Cost Of Revenue $54.35M $59.71M
YoY Change -10.91% 13.82%
Gross Profit $44.99M $47.34M
YoY Change 101.73% 24.26%
Gross Profit Margin 45.29% 44.23%
Selling, General & Admin $7.836M $7.580M
YoY Change 3.11% -8.48%
% of Gross Profit 17.42% 16.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.62M $17.10M
YoY Change -2.38% 1.81%
% of Gross Profit 36.94% 36.11%
Operating Expenses $24.46M $28.60M
YoY Change -0.59% 14.07%
Operating Profit $24.03M $26.31M
YoY Change -179.18% 102.0%
Interest Expense -$2.221M -$2.731M
YoY Change -211.11% 69.52%
% of Operating Profit -9.24% -10.38%
Other Income/Expense, Net -$2.460M -$2.821M
YoY Change 62.81% -2356.8%
Pretax Income $21.57M $23.49M
YoY Change -167.63% 103.56%
Income Tax
% Of Pretax Income
Net Earnings $21.46M $23.47M
YoY Change -167.05% 102.97%
Net Earnings / Revenue 21.6% 21.92%
Basic Earnings Per Share $0.50 $0.54
Diluted Earnings Per Share $0.49 $0.54
COMMON SHARES
Basic Shares Outstanding 42.76M 42.75M
Diluted Shares Outstanding 43.66M 43.66M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.67M $42.03M
YoY Change 0.79% -12.31%
Cash & Equivalents $46.67M $42.03M
Short-Term Investments
Other Short-Term Assets $35.45M $39.81M
YoY Change 94.8% 98.13%
Inventory $24.92M $24.41M
Prepaid Expenses
Receivables $20.43M $29.67M
Other Receivables $0.00 $0.00
Total Short-Term Assets $127.5M $135.9M
YoY Change 14.3% 22.8%
LONG-TERM ASSETS
Property, Plant & Equipment $7.227M $7.127M
YoY Change -2.8% -99.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.45M $25.14M
YoY Change -8.57% -26.43%
Total Long-Term Assets $917.0M $922.1M
YoY Change -6.76% -10.02%
TOTAL ASSETS
Total Short-Term Assets $127.5M $135.9M
Total Long-Term Assets $917.0M $922.1M
Total Assets $1.044B $1.058B
YoY Change -4.61% -6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.99M $11.53M
YoY Change 30.07% 29.98%
Accrued Expenses $21.33M $18.79M
YoY Change 12.85% 51.39%
Deferred Revenue $5.886M $7.569M
YoY Change -9.92% -4.73%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $41.21M $37.89M
YoY Change 13.75% 29.64%
LONG-TERM LIABILITIES
Long-Term Debt $71.67M $96.17M
YoY Change -48.8% -35.14%
Other Long-Term Liabilities $0.00 $608.0K
YoY Change -100.0% -79.48%
Total Long-Term Liabilities $71.67M $96.77M
YoY Change -49.66% -36.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.21M $37.89M
Total Long-Term Liabilities $71.67M $96.77M
Total Liabilities $112.9M $134.7M
YoY Change -36.8% -25.82%
SHAREHOLDERS EQUITY
Retained Earnings -$577.4M -$598.9M
YoY Change -10.63% -2.48%
Common Stock $1.507B $1.521B
YoY Change -3.31% -2.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $929.9M $921.8M
YoY Change
Total Liabilities & Shareholders Equity $1.044B $1.058B
YoY Change -4.61% -6.82%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $21.46M $23.47M
YoY Change -167.05% 102.97%
Depreciation, Depletion And Amortization $16.62M $17.10M
YoY Change -2.38% 1.81%
Cash From Operating Activities $35.57M $29.03M
YoY Change 167.46% 49.79%
INVESTING ACTIVITIES
Capital Expenditures $3.451M $1.614M
YoY Change 331.38% -12.52%
Acquisitions
YoY Change
Other Investing Activities $12.05M $49.24M
YoY Change 1104.9% 4119.19%
Cash From Investing Activities $8.598M $47.62M
YoY Change 4199.0% -7124.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.54M -82.99M
YoY Change 160.12% 445.64%
NET CHANGE
Cash From Operating Activities 35.57M 29.03M
Cash From Investing Activities 8.598M 47.62M
Cash From Financing Activities -39.54M -82.99M
Net Change In Cash 4.632M -6.331M
YoY Change -372.47% -281.14%
FREE CASH FLOW
Cash From Operating Activities $35.57M $29.03M
Capital Expenditures $3.451M $1.614M
Free Cash Flow $32.12M $27.42M
YoY Change 156.97% 56.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0001326200
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
42757895
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
42546959
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
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
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42757895
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42033000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46542000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2289000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3257000
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
29669000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17815000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8304000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10154000
CY2024Q2 us-gaap Inventory Net
InventoryNet
24407000
CY2023Q4 us-gaap Inventory Net
InventoryNet
26749000
CY2024Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
31507000
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
55440000
CY2024Q2 us-gaap Assets Current
AssetsCurrent
135920000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
157272000
CY2024Q2 gnk Accumulated Depreciation Vessels
AccumulatedDepreciationVessels
299317000
CY2023Q4 gnk Accumulated Depreciation Vessels
AccumulatedDepreciationVessels
296452000
CY2024Q2 gnk Vessels Net
VesselsNet
887897000
CY2023Q4 gnk Vessels Net
VesselsNet
945114000
CY2024Q2 gnk Accumulated Depreciation Of Deferred Drydock Costs
AccumulatedDepreciationOfDeferredDrydockCosts
28282000
CY2023Q4 gnk Accumulated Depreciation Of Deferred Drydock Costs
AccumulatedDepreciationOfDeferredDrydockCosts
23047000
CY2024Q2 gnk Deferred Drydock Costs Net
DeferredDrydockCostsNet
24826000
CY2023Q4 gnk Deferred Drydock Costs Net
DeferredDrydockCostsNet
29502000
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8502000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8063000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7127000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7071000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1889000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2628000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2024Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
922054000
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
984630000
CY2024Q2 us-gaap Assets
Assets
1057974000
CY2023Q4 us-gaap Assets
Assets
1141902000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
27961000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
24245000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7569000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8746000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2355000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2295000
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
37885000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
35286000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
608000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1801000
CY2024Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
8834000
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9831000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
96166000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
190169000
CY2024Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
96774000
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
191970000
CY2024Q2 us-gaap Liabilities
Liabilities
134659000
CY2023Q4 us-gaap Liabilities
Liabilities
227256000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
42757895
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
42546959
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
427000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
425000
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1520179000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1553421000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
527000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-598852000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-641117000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
921754000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
913256000
CY2024Q2 us-gaap Minority Interest
MinorityInterest
1561000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
1390000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
923315000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
914646000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1057974000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1141902000
CY2024Q2 us-gaap Revenues
Revenues
107047000
CY2023Q2 us-gaap Revenues
Revenues
90556000
us-gaap Revenues
Revenues
224482000
us-gaap Revenues
Revenues
184947000
CY2024Q2 gnk Voyage Expenses
VoyageExpenses
30273000
CY2023Q2 gnk Voyage Expenses
VoyageExpenses
28830000
gnk Voyage Expenses
VoyageExpenses
67473000
gnk Voyage Expenses
VoyageExpenses
66265000
CY2024Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
26977000
CY2023Q2 us-gaap Direct Operating Costs
DirectOperatingCosts
22586000
us-gaap Direct Operating Costs
DirectOperatingCosts
52909000
us-gaap Direct Operating Costs
DirectOperatingCosts
46979000
CY2024Q2 gnk Charter Hire Expense
CharterHireExpense
2455000
CY2023Q2 gnk Charter Hire Expense
CharterHireExpense
1040000
gnk Charter Hire Expense
CharterHireExpense
5965000
gnk Charter Hire Expense
CharterHireExpense
4705000
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1451000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1219000
us-gaap Share Based Compensation
ShareBasedCompensation
2833000
us-gaap Share Based Compensation
ShareBasedCompensation
2778000
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6320000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6933000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13984000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14682000
CY2024Q2 gnk Technical Management Fees
TechnicalManagementFees
1260000
CY2023Q2 gnk Technical Management Fees
TechnicalManagementFees
1349000
gnk Technical Management Fees
TechnicalManagementFees
2291000
gnk Technical Management Fees
TechnicalManagementFees
2111000
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17096000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16791000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34319000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32736000
CY2024Q2 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
5634000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
5634000
CY2024Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
13206000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
12228000
CY2024Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3924000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5728000
CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
80733000
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
77529000
us-gaap Costs And Expenses
CostsAndExpenses
176075000
us-gaap Costs And Expenses
CostsAndExpenses
167478000
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
26314000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
13027000
us-gaap Operating Income Loss
OperatingIncomeLoss
48407000
us-gaap Operating Income Loss
OperatingIncomeLoss
17469000
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-90000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
125000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-198000
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
721000
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
520000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1545000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1290000
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3452000
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
2131000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7492000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
4160000
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2821000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1486000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5971000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3068000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
23493000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
11541000
us-gaap Profit Loss
ProfitLoss
42436000
us-gaap Profit Loss
ProfitLoss
14401000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-21000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
171000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
205000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
23467000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
11562000
us-gaap Net Income Loss
NetIncomeLoss
42265000
us-gaap Net Income Loss
NetIncomeLoss
14196000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43073440
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42786918
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42995844
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42709916
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43664447
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43134152
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43635513
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43115859
CY2024Q2 us-gaap Profit Loss
ProfitLoss
23493000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
11541000
us-gaap Profit Loss
ProfitLoss
42436000
us-gaap Profit Loss
ProfitLoss
14401000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-993000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-527000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2621000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
23493000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10548000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
41909000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11780000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
26000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-21000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
171000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
205000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23467000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10569000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41738000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11575000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
914646000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
18943000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-527000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.41
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
17814000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1382000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
916630000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
23493000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
18259000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1451000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
923315000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
968309000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2860000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1628000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
21516000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1559000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
949584000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
11541000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-993000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
6406000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1219000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
954945000
us-gaap Profit Loss
ProfitLoss
42436000
us-gaap Profit Loss
ProfitLoss
14401000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34319000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32736000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
997000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
840000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
739000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
721000
us-gaap Share Based Compensation
ShareBasedCompensation
2833000
us-gaap Share Based Compensation
ShareBasedCompensation
2778000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
5634000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
12228000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis
45000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis
84000
gnk Proceeds From Insurance Protection And Indemnity Claims
ProceedsFromInsuranceProtectionAndIndemnityClaims
266000
gnk Proceeds From Insurance Protection And Indemnity Claims
ProceedsFromInsuranceProtectionAndIndemnityClaims
168000
gnk Proceeds From Insurance For Loss Of Hire Claims
ProceedsFromInsuranceForLossOfHireClaims
152000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11854000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5640000
gnk Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
-1374000
gnk Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
3743000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2342000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1361000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2899000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7708000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1177000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2987000
gnk Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1133000
gnk Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-1003000
gnk Deferred Drydock Costs Incurred
DeferredDrydockCostsIncurred
6209000
gnk Deferred Drydock Costs Incurred
DeferredDrydockCostsIncurred
7744000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61283000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38948000
gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits
1402000
gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits
3131000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1382000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1802000
gnk Proceeds From Sale Of Vessel Assets Net
ProceedsFromSaleOfVesselAssetsNet
67743000
gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
159000
gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
1402000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
65118000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3531000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35872000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28125000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
38000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130910000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45625000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4509000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10208000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46857000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64100000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42348000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53892000
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-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">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 subsidiaries (collectively, the “Company”). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk 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;">As of June 30, 2024, the Company’s fleet consisted of 43 drybulk vessels, including 16 Capesize drybulk vessels, 15 Ultramax drybulk vessels and twelve Supramax drybulk vessels, with an aggregate carrying capacity of approximately 4,490,000 dwt and an average age of approximately 12.0 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;">During September 2021, the Company and Synergy Marine Pte. Ltd. (“Synergy”), a third party, formed a joint venture, GS Shipmanagement Pte. Ltd. (“GSSM”). GSSM is owned </span>50% by the Company and 50%<span style="white-space:pre-wrap;"> by Synergy as of June 30, 2024 and December 31, 2023, which provides ship management services to the Company’s vessels. As of June 30, 2024 and December 31, 2023, the cumulative investments GSSM received from the Company and Synergy totaled </span>$50 and $50, respectively, which were used for expenditures directly related to the operations of GSSM.</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;">Management has determined that GSSM qualifies as a variable interest entity, and, when aggregating the variable interest held by the Company and Synergy, the Company is the primary beneficiary as the Company has the ability to direct the activities that most significantly impact GSSM’s economic performance. Accordingly, the Company consolidates GSSM. </span> </p>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Use of estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;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;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include vessel valuations, impairment of vessels, the valuation of amounts due from charterers, performance claims, residual value of vessels, useful life of vessels, the fair value of time charters acquired, performance-based restricted stock units and the fair value of derivative instruments, if any. Actual results could differ from those estimates.</p>
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42033000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46542000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
315000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42348000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46857000
CY2024Q2 gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-198000
CY2023Q2 gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-269000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-119000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
NetGainLossOnPurchaseAndSaleOfBunkerFuelAndLowerCostAndNetRealizableValueAdjustments
-641000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
5634000
CY2024Q2 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
5634000
gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
0
CY2023Q2 gnk Vessel Asset Impairment Charges
VesselAssetImpairmentCharges
0
CY2024Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
13206000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
12228000
CY2024Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3924000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5728000
us-gaap Interest Paid Net
InterestPaidNet
7071000
us-gaap Interest Paid Net
InterestPaidNet
6641000
us-gaap Derivative Cash Received On Hedge
DerivativeCashReceivedOnHedge
588000
us-gaap Derivative Cash Received On Hedge
DerivativeCashReceivedOnHedge
3443000
us-gaap Operating Lease Payments
OperatingLeasePayments
1226000
us-gaap Operating Lease Payments
OperatingLeasePayments
1152000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43073440
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42786918
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42995844
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42709916
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43073440
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42786918
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42995844
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42709916
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43664447
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43134152
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43635513
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43115859
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2023Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2024Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
105000000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
200000000
CY2024Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
8834000
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
9831000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
96166000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
190169000
CY2024Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0924
CY2023Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0839
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0870
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0806
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3452000
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
2131000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
7492000
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
4160000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1617000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-568000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3341000
CY2023Q2 gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
35000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
18000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
74000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
527000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-533000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax Parent
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTaxParent
6000
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
11525000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
10650000
CY2024Q2 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
4247000
CY2023Q4 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
5700000
CY2024Q2 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
12189000
CY2023Q4 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
7895000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
27961000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
24245000
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
306000
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
306000
us-gaap Sublease Income
SubleaseIncome
612000
us-gaap Sublease Income
SubleaseIncome
612000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001558370-24-011391-index-headers.html Edgar Link pending
0001558370-24-011391-index.html Edgar Link pending
0001558370-24-011391.txt Edgar Link pending
0001558370-24-011391-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gnk-20240630.xsd Edgar Link pending
gnk-20240630x10q.htm Edgar Link pending
gnk-20240630xex10d1.htm Edgar Link pending
gnk-20240630xex31d1.htm Edgar Link pending
gnk-20240630xex31d2.htm Edgar Link pending
gnk-20240630xex32d1.htm Edgar Link pending
gnk-20240630xex32d2.htm Edgar Link pending
MetaLinks.json Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
gnk-20240630_cal.xml Edgar Link unprocessable
gnk-20240630_def.xml Edgar Link unprocessable
gnk-20240630_lab.xml Edgar Link unprocessable
gnk-20240630_pre.xml Edgar Link unprocessable
gnk-20240630x10q_htm.xml Edgar Link completed
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
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.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