Genco Shipping & Trading Limited (GNK) 10-Q8 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013	Nov. 08, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'GENCO SHIPPING & TRADING LTD	'
Entity Central Index Key	'0001326200	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	44,449,407
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Cash and cash equivalents	$109,492	$72,600
Restricted cash	9,850	0
Due from charterers, net of a reserve of $361 and $488, respectively	14,780	11,714
Prepaid expenses and other current assets	18,390	18,146
Total current assets	152,512	102,460
Noncurrent assets:	'	'
Vessels, net of accumulated depreciation of $696,621 and $597,214, respectively	2,604,147	2,662,403
Deferred drydock, net of accumulated amortization of $11,119 and $8,086, respectively	9,707	12,037
Other assets, net of accumulated amortization of $20,025 and $13,162, respectively	23,517	29,561
Fixed assets, net of accumulated depreciation and amortization of $3,998 and $3,311, respectively	5,198	5,258
Other noncurrent assets	514	514
Restricted cash	300	10,150
Investments	41,829	20,988
Total noncurrent assets	2,685,212	2,740,911
Total assets	2,837,724	2,843,371
Current liabilities:	'	'
Accounts payable and accrued expenses	24,495	23,667
Current portion of long-term debt	1,313,689	0
Current interest payable	13,199	0
Convertible senior note payable	114,571	0
Deferred revenue	1,422	1,324
Current portion of lease obligations	284	682
Fair value of derivative instruments	9,292	7
Total current liabilities	1,476,952	25,680
Noncurrent liabilities:	'	'
Long-term lease obligations	3,015	2,465
Time charters acquired	135	418
Fair value of derivative instruments	0	16,045
Convertible senior note payable	0	110,918
Long-term interest payable	0	13,199
Long-term debt	122,750	1,413,439
Total noncurrent liabilities	125,900	1,556,484
Total liabilities	1,602,852	1,582,164
Commitments and contingencies	'	'
Genco Shipping & Trading Limited shareholders' equity:	'	'
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,449,407 and 44,270,273 shares at September 30, 2013 and December 31, 2012, respectively	445	443
Additional paid-in capital	849,021	863,303
Accumulated other comprehensive income (loss)	15,763	-11,841
Retained earnings	85,821	214,391
Total Genco Shipping & Trading Limited shareholders' equity	951,050	1,066,296
Noncontrolling interest	283,822	194,911
Total equity	1,234,872	1,261,207
Total liabilities and equity	$2,837,724	$2,843,371

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Due from charterers, reserve	$361	$488
Noncurrent assets:	'	'
Vessels, accumulated depreciation	696,621	597,214
Deferred drydock, accumulated amortization	11,119	8,086
Other assets, accumulated amortization	20,025	13,162
Fixed assets, accumulated depreciation and amortization	$3,998	$3,311
Genco Shipping & Trading Limited shareholders' equity:	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	44,449,407	44,270,273
Common stock, shares outstanding (in shares)	44,449,407	44,270,273

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Voyage revenues	$58,605	$53,603	$143,222	$174,740
Service revenues	828	828	2,457	2,466
Total revenues	59,433	54,431	145,679	177,206
Operating expenses:	'	'	'	'
Voyage expenses	2,212	2,693	6,352	5,099
Vessel operating expenses	27,515	28,272	81,400	85,622
General, administrative, and management fees	7,871	8,622	24,543	25,680
Depreciation and amortization	35,222	35,038	104,322	103,954
Total operating expenses	72,820	74,625	216,617	220,355
Operating loss	-13,387	-20,194	-70,938	-43,149
Other (expense) income:	'	'	'	'
Other expense	-45	-43	-58	-40
Interest income	14	49	49	352
Interest expense	-23,079	-21,546	-65,922	-65,160
Other expense	-23,110	-21,540	-65,931	-64,848
Loss before income taxes	-36,497	-41,734	-136,869	-107,997
Income tax expense	-479	-303	-997	-918
Net loss	-36,976	-42,037	-137,866	-108,915
Less: Net loss attributable to noncontrolling interest	-1,942	-3,588	-9,300	-9,626
Net loss attributable to Genco Shipping & Trading Limited	($35,034)	($38,449)	($128,566)	($99,289)
Net loss per share-basic (in dollars per share)	($0.81)	($0.90)	($2.98)	($2.40)
Net loss per share-diluted (in dollars per share)	($0.81)	($0.90)	($2.98)	($2.40)
Weighted average common shares outstanding-basic (in shares)	43,231,510	42,885,810	43,196,895	41,290,719
Weighted average common shares outstanding-diluted (in shares)	43,231,510	42,885,810	43,196,895	41,290,719
Dividends declared per share (in dollars per share)	$0	$0	$0	$0

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Condensed Consolidated Statements of Comprehensive Loss [Abstract]	'	'	'	'
Net loss	($36,976)	($42,037)	($137,866)	($108,915)
Change in unrealized gain on investments	14,514	-3,561	20,841	-643
Unrealized gain on cash flow hedges, net	2,076	1,525	6,763	6,394
Other comprehensive income (loss)	16,590	-2,036	27,604	5,751
Comprehensive loss	-20,386	-44,073	-110,262	-103,164
Less: Comprehensive loss attributable to noncontrolling interest	-1,942	-3,588	-9,300	-9,626
Comprehensive loss attributable to Genco Shipping & Trading Limited	($18,444)	($40,485)	($100,962)	($93,538)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Genco Shipping & Trading Limited Shareholders' Equity [Member]	Noncontrolling Interest [Member]	Total
In Thousands, unless otherwise specified	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]		Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2011	$363	$809,443	($17,549)	$359,349	$1,151,606	$210,012	$1,361,618
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'
Net loss	'	'	'	-99,289	-99,289	-9,626	-108,915
Change in unrealized gain on investments	'	'	-643	'	-643	0	-643
Unrealized gain on cash flow hedges, net	'	'	6,394	'	6,394	0	6,394
Issuance of nonvested stock	0	0	'	'	0	0	0
Issuance of 7,500,000 shares of common stock	75	49,799	'	'	49,874	0	49,874
Nonvested stock amortization	'	3,214	'	'	3,214	1,377	4,591
Cash dividends paid by Baltic Trading Limited	'	'	'	-29	-29	-3,881	-3,910
Vesting of restricted shares issued by Baltic Trading Limited	'	32	'	'	32	-32	0
Balance at Sep. 30, 2012	438	862,488	-11,798	260,031	1,111,159	197,850	1,309,009
Balance at Dec. 31, 2012	443	863,303	-11,841	214,391	1,066,296	194,911	1,261,207
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'
Net loss	'	'	'	-128,566	-128,566	-9,300	-137,866
Change in unrealized gain on investments	'	'	20,841	'	20,841	0	20,841
Unrealized gain on cash flow hedges, net	'	'	6,763	'	6,763	0	6,763
Issuance of nonvested stock	2	-2	'	'	0	0	0
Nonvested stock amortization	'	2,314	'	'	2,314	1,156	3,470
Issuance of common stock of Baltic Trading Limited	'	-16,568	'	'	-16,568	97,609	81,041
Cash dividends paid by Baltic Trading Limited	'	'	'	-4	-4	-580	-584
Vesting of restricted shares issued by Baltic Trading Limited	'	-26	'	'	-26	26	0
Balance at Sep. 30, 2013	$445	$849,021	$15,763	$85,821	$951,050	$283,822	$1,234,872

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Equity (Parenthetical)	9 Months Ended
Condensed Consolidated Statements of Equity (Parenthetical)	Sep. 30, 2013	Sep. 30, 2012
Increase (Decrease) in Shareholders' Equity	'	'
Issuance of common stock (in shares)	'	7,500,000
Issuance of shares of nonvested stock (in shares)	200,634	15,000
Forfeiture of shares of nonvested stock (in shares)	21,500	1,500

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($137,866)	($108,915)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	104,322	103,954
Amortization of deferred financing costs	6,862	3,555
Amortization of time charters acquired	-283	-558
Amortization of discount on Convertible Senior Notes	3,653	3,345
Unrealized loss (gain) on derivative instruments	3	-76
Amortization of nonvested stock compensation expense	3,470	4,591
Change in assets and liabilities:	'	'
(Increase) decrease in due from charterers	-3,066	5,072
(Increase) decrease in prepaid expenses and other current assets	-244	689
Increase (decrease) in accounts payable and accrued expenses	146	-3,751
Increase (decrease) in deferred revenue	98	-2,351
Increase in lease obligations	152	875
Deferred drydock costs incurred	-1,873	-10,442
Net cash used in operating activities	-24,626	-4,012
Cash flows from investing activities:	'	'
Purchase of vessels	-41,097	-894
Purchase of other fixed assets	-427	-1,948
Changes in deposits of restricted cash	0	-400
Net cash used in investing activities	-41,524	-3,242
Cash flows from financing activities:	'	'
Repayments on the 2007 Credit Facility	0	-118,588
Proceeds from issuance of common stock	0	50,721
Payment of common stock issuance costs	0	-847
Proceeds from issuance of common stock by subsidiary	81,700	0
Payment of common stock issuance costs by subsidiary	-379	0
Payment of dividend by subsidiary	-584	-3,910
Payment of deferred financing costs	-695	-4,327
Net cash provided by (used in) financing activities	103,042	-132,936
Net increase (decrease) in cash and cash equivalents	36,892	-140,190
Cash and cash equivalents at beginning of period	72,600	227,968
Cash and cash equivalents at end of period	109,492	87,778
$100 Million Term Loan Facility [Member]	'	'
Cash flows from financing activities:	'	'
Repayments on Term Loan Facility	0	-15,385
$253 Million Term Loan Facility [Member]	'	'
Cash flows from financing activities:	'	'
Repayments on Term Loan Facility	0	-40,600
Baltic Trading Credit Facility 2010 [Member]	'	'
Cash flows from financing activities:	'	'
Proceeds from the Baltic Trading Credit Facility	1,000	0
Baltic Trading Credit Facility 2013 [Member]	'	'
Cash flows from financing activities:	'	'
Proceeds from the Baltic Trading Credit Facility	$22,000	$0

Condensed_Consolidated_Stateme5

Condensed Consolidated Statements of Cash Flows (Parenthetical) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
$100 Million Term Loan Facility [Member]	'	'
Term Loan Facility	$100,000	$100,000
$253 Million Term Loan Facility [Member]	'	'
Term Loan Facility	$253,000	$253,000

GENERAL_INFORMATION

GENERAL INFORMATION	9 Months Ended
GENERAL INFORMATION	Sep. 30, 2013
GENERAL INFORMATION [Abstract]	'
GENERAL INFORMATION	'
	1 - GENERAL INFORMATION

	The accompanying condensed consolidated financial statements include the accounts of Genco Shipping & Trading Limited (“GS&T”), its wholly-owned subsidiaries, and its subsidiary, Baltic Trading Limited (collectively, the “Company”). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. GS&T is incorporated under the laws of the Marshall Islands and as of September 30, 2013, is the sole owner of all of the outstanding shares of the following subsidiaries: Genco Ship Management LLC; Genco Investments LLC; Genco Management (USA) Limited; Genco RE Investments LLC; and the ship-owning subsidiaries set forth below.

	Below is the list of GS&T’s wholly owned ship-owning subsidiaries as of September 30, 2013:

	Wholly Owned Subsidiaries		Vessels Acquired		Dwt		Delivery Date		Year Built

	Genco Reliance Limited		Genco Reliance		29,952		12/6/04		1999
	Genco Vigour Limited		Genco Vigour		73,941		12/15/04		1999
	Genco Explorer Limited		Genco Explorer		29,952		12/17/04		1999
	Genco Carrier Limited		Genco Carrier		47,180		12/28/04		1998
	Genco Sugar Limited		Genco Sugar		29,952		12/30/04		1998
	Genco Pioneer Limited		Genco Pioneer		29,952		1/4/05		1999
	Genco Progress Limited		Genco Progress		29,952		1/12/05		1999
	Genco Wisdom Limited		Genco Wisdom		47,180		1/13/05		1997
	Genco Success Limited		Genco Success		47,186		1/31/05		1997
	Genco Beauty Limited		Genco Beauty		73,941		2/7/05		1999
	Genco Knight Limited		Genco Knight		73,941		2/16/05		1999
	Genco Leader Limited		Genco Leader		73,941		2/16/05		1999
	Genco Marine Limited		Genco Marine		45,222		3/29/05		1996
	Genco Prosperity Limited		Genco Prosperity		47,180		4/4/05		1997
	Genco Muse Limited		Genco Muse		48,913		10/14/05		2001
	Genco Acheron Limited		Genco Acheron		72,495		11/7/06		1999
	Genco Surprise Limited		Genco Surprise		72,495		11/17/06		1998
	Genco Augustus Limited		Genco Augustus		180,151		8/17/07		2007
	Genco Tiberius Limited		Genco Tiberius		175,874		8/28/07		2007
	Genco London Limited		Genco London		177,833		9/28/07		2007
	Genco Titus Limited		Genco Titus		177,729		11/15/07		2007
	Genco Challenger Limited		Genco Challenger		28,428		12/14/07		2003
	Genco Charger Limited		Genco Charger		28,398		12/14/07		2005
	Genco Warrior Limited		Genco Warrior		55,435		12/17/07		2005
	Genco Predator Limited		Genco Predator		55,407		12/20/07		2005
	Genco Hunter Limited		Genco Hunter		58,729		12/20/07		2007
	Genco Champion Limited		Genco Champion		28,445		1/2/08		2006
	Genco Constantine Limited		Genco Constantine		180,183		2/21/08		2008
	Genco Raptor LLC		Genco Raptor		76,499		6/23/08		2007
	Genco Cavalier LLC		Genco Cavalier		53,617		7/17/08		2007
	Genco Thunder LLC		Genco Thunder		76,588		9/25/08		2007
	Genco Hadrian Limited		Genco Hadrian		169,694		12/29/08		2008
	Genco Commodus Limited		Genco Commodus		169,025		7/22/09		2009
	Genco Maximus Limited		Genco Maximus		169,025		9/18/09		2009
	Genco Claudius Limited		Genco Claudius		169,025		12/30/09		2010
	Genco Bay Limited		Genco Bay		34,296		8/24/10		2010
	Genco Ocean Limited		Genco Ocean		34,409		7/26/10		2010
	Genco Avra Limited		Genco Avra		34,391		5/12/11		2011
	Genco Mare Limited		Genco Mare		34,428		7/20/11		2011
	Genco Spirit Limited		Genco Spirit		34,432		11/10/11		2011
	Genco Aquitaine Limited		Genco Aquitaine		57,981		8/18/10		2009

	Wholly Owned Subsidiaries		Vessels Acquired		Dwt		Delivery Date		Year Built

	Genco Ardennes Limited		Genco Ardennes		57,981		8/31/10		2009
	Genco Auvergne Limited		Genco Auvergne		57,981		8/16/10		2009
	Genco Bourgogne Limited		Genco Bourgogne		57,981		8/24/10		2010
	Genco Brittany Limited		Genco Brittany		57,981		9/23/10		2010
	Genco Languedoc Limited		Genco Languedoc		57,981		9/29/10		2010
	Genco Loire Limited		Genco Loire		53,416		8/4/10		2009
	Genco Lorraine Limited		Genco Lorraine		53,416		7/29/10		2009
	Genco Normandy Limited		Genco Normandy		53,596		8/10/10		2007
	Genco Picardy Limited		Genco Picardy		55,257		8/16/10		2005
	Genco Provence Limited		Genco Provence		55,317		8/23/10		2004
	Genco Pyrenees Limited		Genco Pyrenees		57,981		8/10/10		2010
Genco Rhone Limited		Genco Rhone		58,018		3/29/11		2011

On May 28, 2013, Baltic Trading closed an equity offering of 6,419,217 shares of Baltic Trading common stock at an offering price of $3.60 per share. Baltic Trading received net proceeds of $21,560 after deducting underwriters’ fees and expenses.

On September 25, 2013, Baltic Trading closed an equity offering of 13,800,000 shares of Baltic Trading common stock at an offering price of $4.60 per share. Baltic Trading received net proceeds of $59,481 after deducting underwriters’ fees and expenses.

Baltic Trading Limited (“Baltic Trading”) was a wholly-owned indirect subsidiary of GS&T until Baltic Trading completed its initial public offering, or IPO, on March 15, 2010. As of September 30, 2013 and December 31, 2012, Genco Investments LLC owned 6,103,471 and 5,699,088 shares of Baltic Trading’s Class B Stock, which represented a 13.97% and 24.78% ownership interest in Baltic Trading, respectively, and 70.90% and 83.17% of the aggregate voting power of Baltic Trading’s outstanding shares of voting stock, respectively. Additionally, pursuant to the Subscription Agreement between Genco Investments LLC and Baltic Trading, for so long as GS&T directly or indirectly holds at least 10% of the aggregate number of outstanding shares of Baltic Trading’s common stock and Class B stock, Genco Investments LLC will be entitled to receive an additional number of shares of Baltic Trading’s Class B stock equal to 2% of the number of common shares issued in the future, other than shares issued under Baltic Trading’s 2010 Equity Incentive Plan. As such, when Baltic Trading closed the equity offerings of 6,419,217 on May 28, 2013 and 13,800,000 on September 25, 2013 as noted above, GS&T was issued 128,383 and 276,000 shares, respectively, of Baltic Trading’s Class B Stock which represents 2% of the number of common shares issued.

Below is the list of Baltic Trading’s wholly owned ship-owning subsidiaries as of September 30, 2013:

Baltic Trading’s Wholly Owned		Vessel		Dwt		Delivery Date		Year
Subsidiaries		Vessel		Dwt		Delivery Date		Built

Baltic Leopard Limited		Baltic Leopard		53,447		4/8/10		2009
Baltic Panther Limited		Baltic Panther		53,351		4/29/10		2009
Baltic Cougar Limited		Baltic Cougar		53,432		5/28/10		2009
Baltic Jaguar Limited		Baltic Jaguar		53,474		5/14/10		2009
Baltic Bear Limited		Baltic Bear		177,717		5/14/10		2010
Baltic Wolf Limited		Baltic Wolf		177,752		10/14/10		2010
Baltic Wind Limited		Baltic Wind		34,409		8/4/10		2009
Baltic Cove Limited		Baltic Cove		34,403		8/23/10		2010
Baltic Breeze Limited		Baltic Breeze		34,386		10/12/10		2010
Baltic Fox Limited		Baltic Fox		31,883		9/6/13		2010
Baltic Hare Limited		Baltic Hare		31,887		9/5/13		2009
Baltic Lion Limited		Baltic Lion		179,185		Q4 2013 (1)		2012
Baltic Tiger Limited		Baltic Tiger		179,185		Q4 2013 (1)		2011



(1) Delivery dates for vessels being delivered in the future are estimates based on guidance received from the sellers.

The Company provides technical services for drybulk vessels purchased by Maritime Equity Partners LLC (“MEP”). Peter C. Georgiopoulos, Chairman of the Board of Directors of GS&T, controls and has a minority interest in MEP. These
services include oversight of crew management, insurance, drydocking, ship operations and financial statement preparation, but do not include chartering services. The services are provided for a fee of $750 per ship per day plus reimbursement of out-of-pocket costs. MEP has the right to cancel provision of the services on 60 days’ notice with payment of a one-year termination fee upon a change in control of the Company. The Company may terminate provision of the services at any time on 60 days’ notice.

Given the current drybulk rate environment, it is probable that the Company will be unable to make required payments under its credit facilities commencing during the quarter ending March 31, 2014 without modifications to or waivers of the terms of these facilities. Moreover, once current waivers expire and are re-measured at March 31, 2014, the Company believes it is probable that the Company will not be in compliance with the maximum leverage ratio covenants and the minimum permitted consolidated interest ratio covenants under its credit facilities. The Company is also subject to minimum cash covenants for which compliance is measured at the end of every fiscal quarter. These minimum cash covenants have not been waived, and the Company believes it is probable that the Company will not be in compliance with such covenants at or after March 31, 2014, and the Company may not be in compliance earlier in the event of sustained weakness in the drybulk shipping sector. The Company’s debt facilities are described further in Note 9 — Debt.

The Company is in discussions with its lenders and expects to seek waivers or modifications to its credit agreements, which, if available, may be subject to conditions, and may also seek to refinance indebtedness, raise additional capital through equity or debt offerings or selling assets (including vessels), reduce or delay capital expenditures, or pursue other restructuring options. Absent such waivers or modifications, if the Company does not comply with such payment obligations or these covenants and fails to cure such non-compliance following applicable notice and expiration of applicable cure periods, the Company would be in default of one or more of its credit facilities. If such a default occurs, the Company may also be in default under the Indenture for the 5.00% Convertible Senior Notes, or the 2010 Notes (discussed in Note 10 — Convertible Senior Notes). As a result, some or all of the Company’s indebtedness could be declared immediately due and payable, and alternative sources of financing would need to be sought on terms that may not be favorable to the Company.

In addition, notwithstanding the waiver of certain covenants as described above, for purposes of preparing financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the Company is required to assess future compliance with the original covenants at all quarterly measurement dates within twelve months from the date of such financial statements. The Company believes it is probable that the Company will not be in compliance with certain covenants at measurement dates within twelve months of March 31, 2013. Accordingly, the outstanding debt under the 2007 Credit Facility, the $253 Million Term Loan Facility and the $100 Million Term Loan Facility (as defined in Note 9 — Debt) was reclassified as a current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013. This reclassification does not affect the existing waivers, although there can be no assurance that the Company could obtain further waivers upon their expiration. If the Company fails to comply with its covenants under its credit facilities, the Company may also be in default under the Indenture for the 2010 Notes and its interest rate swaps. Accordingly, the 2010 Notes and one swap previously classified as a long-term liability were likewise reclassified as current liabilities in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Principles of consolidation

	The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, which include the accounts of GS&T, its wholly-owned subsidiaries and Baltic Trading, a subsidiary in which the Company owns a majority of the voting interests and exercises control. All intercompany accounts and transactions have been eliminated in consolidation.

	Basis of presentation

	The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management of the Company, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and operating results have been included in the statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2012 (the “2012 10-K”). The results of operations for the three and nine month periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.

	Vessels, net

	Vessels, net is stated at cost less accumulated depreciation. Included in vessel costs are acquisition costs directly attributable to the acquisition of a vessel and expenditures made to prepare the vessel for its initial voyage. The Company also capitalizes interest costs for a vessel under construction as a cost which is directly attributable to the acquisition of a vessel. Vessels are depreciated on a straight-line basis over their estimated useful lives, determined to be 25 years from the date of initial delivery from the shipyard. Depreciation expense for vessels for the three months ended September 30, 2013 and 2012 was $33,591 and $33,462, respectively. Depreciation expense for vessels for the nine months ended September 30, 2013 and 2012 was $99,432 and $99,646, respectively.

	Depreciation expense is calculated based on cost less the estimated residual scrap value. The costs of significant replacements, renewals and betterments are capitalized and depreciated over the shorter of the vessel’s remaining estimated useful life or the estimated life of the renewal or betterment. Undepreciated cost of any asset component being replaced that was acquired after the initial vessel purchase is written off as a component of vessel operating expense. Expenditures for routine maintenance and repairs are expensed as incurred. Scrap value is estimated by the Company by taking the estimated scrap value of $245/lwt multiplied by the weight of the ship in lightweight tons (lwt).

	Deferred revenue

	Deferred revenue primarily relates to cash received from charterers prior to it being earned. These amounts are recognized as revenue when earned. Additionally, deferred revenue includes estimated customer claims mainly due to time charter performance issues. As of September 30, 2013 and December 31, 2012, the Company had an accrual of $323 and $407, respectively, related to these estimated customer claims.

	Voyage expense recognition

	In time charters, spot market-related time charters and pool agreements, operating costs including crew, maintenance and insurance are typically paid by the owner of the vessel and specified voyage costs such as fuel and port charges are paid by the charterer. There are certain other non-specified voyage expenses, such as commissions, which are typically borne by the Company. At the inception of a time charter, the Company records the difference between the cost of bunker fuel delivered by the terminating charterer and the bunker fuel sold to the new charterer as a gain or loss within voyage expenses. These differences in bunkers resulted in net (losses) gains of ($296) and $242 during the three months ended September 30, 2013 and 2012, respectively, and $47 and $1,665 during the nine months ended September 30, 2013 and 2012, respectively. Additionally, voyage expenses include the cost of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.

	Noncontrolling interest

	Net loss attributable to noncontrolling interest during the three and nine months ended September 30, 2013 and 2012 reflects the noncontrolling interest’s share of the net loss of Baltic Trading, a subsidiary of the Company, which owns and employs drybulk vessels in the spot market or on spot market-related time charters. The spot market represents immediate chartering of a vessel, usually for single voyages. At September 30, 2013, the noncontrolling interest held an 86.03% economic interest in Baltic Trading while only holding 29.10% of the voting power. At December 31, 2012, the noncontrolling interest held a 75.22% economic interest in Baltic Trading while only holding 16.83% of the voting power.

	Income taxes

	Pursuant to certain agreements, GS&T technically and commercially manages vessels for Baltic Trading as well as provides technical management of vessels for MEP in exchange for specified fees for these services provided. These services are performed by Genco Management (USA) Limited (“Genco (USA)”), which has elected to be taxed as a corporation for United States federal income tax purposes. As such, Genco (USA) is subject to United States federal income tax on its worldwide net income, including the net income derived from providing these services. Genco (USA) has entered into a cost-sharing agreement with the Company and Genco Ship Management LLC, collectively Manco, pursuant to which Genco (USA) agrees to reimburse Manco for the costs incurred by Genco (USA) for the use of Manco’s personnel and services in connection with the provision of the services for both Baltic Trading and MEP’s vessels.

	Total revenues earned for these services during the three months ended September 30, 2013 and 2012 was $2,010 and $1,530, respectively, of which $772 and $703, respectively, was eliminated upon consolidation. After allocation of certain expenses, there was taxable income of $1,045 associated with these activities for the three months ended September 30, 2013. This resulted in estimated income tax expense of $471 for the three months ended September 30, 2013. After allocation of certain expenses, there was taxable income of $664 associated with these activities for the three months ended September 30, 2012. This resulted in income tax expense of $299 for the three months ended September 30, 2012.

	Total revenues earned for these services during the nine months ended September 30, 2013 and 2012 was $5,015 and $4,575, respectively, of which $2,148 and $2,109, respectively, was eliminated upon consolidation. After allocation of certain expenses, there was taxable income of $2,262 associated with these activities for the nine months ended September 30, 2013. This resulted in estimated income tax expense of $975 for the nine months ended September 30, 2013. After allocation of certain expenses, there was taxable income of $1,985 associated with these activities for the nine months ended September 30, 2012. This resulted in income tax expense of $892 for the nine months ended September 30, 2012.

	Baltic Trading is subject to income tax on its United States source income. During the three months ended September 30, 2013 and 2012, Baltic Trading had United States operations which resulted in United States source income of $420 and $200, respectively. Baltic Trading’s United States income tax expense for the three months ended September 30, 2013 and 2012 was $8 and $4, respectively.

	During the nine months ended September 30, 2013 and 2012, Baltic Trading had United States operations which resulted in United States source income of $1,059 and $1,321, respectively. Baltic Trading’s United States income tax expense for the nine months ended September 30, 2013 and 2012 was $22 and $26, respectively.

	Recent accounting pronouncements

	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), to improve the transparency of changes in other comprehensive income (loss) (“OCI”) and items reclassified out of accumulated other income (loss) (“AOCI”). The amendments in ASU 2013-02 are required to be applied prospectively and are effective for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 will not have any impact on the Company’s consolidated financial statements other than separately disclosing in the footnotes to the consolidated financial statements amounts reclassified out of AOCI and the individual line items in the Condensed Consolidated Statement of Operations that are affected. The Company has adopted ASU 2013-02 and the impact of adoption is not material to the Company’s condensed consolidated financial statements. Refer to Note 12 — Accumulated Other Comprehensive Income (Loss) for additional disclosure.

SEGMENT_INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 30, 2013
SEGMENT INFORMATION [Abstract]	'
SEGMENT INFORMATION	'
	3 - SEGMENT INFORMATION

	The Company determines its operating segments based on the information utilized by the chief operating decision maker to assess performance. Based on this information, the Company has two operating segments, GS&T and Baltic Trading. Both GS&T and Baltic Trading are engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. GS&T seeks to deploy its vessels on time charters, spot market-related time charters or in vessel pools trading in the spot market and Baltic Trading seeks to deploy its vessel charters in the spot market, which represents immediate chartering of a vessel, usually for single voyages, or employing vessels on spot market-related time charters. Segment results are evaluated based on net (loss) income. The accounting policies applied to the reportable segments are the same as those used in the preparation of the Company’s condensed consolidated financial statements.

	The following table presents a reconciliation of total voyage revenue from external (third party) customers for the Company’s two operating segments to total consolidated voyage revenue from external customers for the Company for the three and nine months ended September 30, 2013 and 2012.
		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Voyage revenue from external customers
	GS&T	$	49,503		$	47,312		$	121,755		$	154,552
	Baltic Trading		9,102			6,291			21,467			20,188
	Total operating segments		58,605			53,603			143,222			174,740
	Eliminating revenue		—			—			—			—
	Total consolidated voyage revenue from external customers	$	58,605		$	53,603		$	143,222		$	174,740

	The following table presents a reconciliation of total intersegment revenue, which eliminates upon consolidation, for the Company’s two operating segments for the three and nine months ended September 30, 2013 and 2012. The intersegment revenue noted in the following table represents revenue earned by GS&T pursuant to the management agreement entered into with Baltic Trading, which includes commercial service fees, technical service fees and sale and purchase fees, if any.

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Intersegment revenue
	GS&T	$	1,187		$	703		$	2,563		$	2,109
	Baltic Trading		—			—			—			—
	Total operating segments		1,187			703			2,563			2,109
	Eliminating revenue		(1,187	)		(703	)		(2,563	)		(2,109	)
	Total consolidated intersegment revenue	$	—		$	—		$	—		$	—

	The following table presents a reconciliation of total net loss for the Company’s two operating segments to total consolidated net loss for the three and nine months ended September 30, 2013 and 2012. The eliminating net income noted in the following table consists of the elimination of intercompany transactions between GS&T and Baltic Trading, as well as dividends received by GS&T from Baltic Trading for its Class B shares of Baltic Trading.

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Net loss
	GS&T	$	(34,277	)	$	(36,969	)	$	(125,422	)	$	(94,779	)
	Baltic Trading		(2,270	)		(4,822	)		(11,979	)		(12,942	)
	Total operating segments		(36,547	)		(41,791	)		(137,401	)		(107,721	)
	Eliminating net income		429			246			465			1,194
	Total consolidated net loss	$	(36,976	)	$	(42,037	)	$	(137,866	)	$	(108,915	)

	The following table presents a reconciliation of total assets for the Company’s two operating segments to total consolidated assets as of September 30, 2013 and December 31, 2012. The eliminating assets noted in the following table consist of the elimination of intercompany transactions resulting from the capitalization of fees paid to GS&T by Baltic Trading as vessel assets, including related accumulated depreciation, as well as the outstanding receivable balance due to GS&T from Baltic Trading as of September 30, 2013 and December 31, 2012.

		September 30,			December 31,
		2013			2012
	Total assets
	GS&T	$	2,384,172		$	2,482,486
	Baltic Trading		457,397			364,370
	Total operating segments		2,841,569			2,846,856
	Eliminating assets		(3,845	)		(3,485	)
	Total consolidated assets	$	2,837,724		$	2,843,371

CASH_FLOW_INFORMATION

CASH FLOW INFORMATION	9 Months Ended
CASH FLOW INFORMATION	Sep. 30, 2013
CASH FLOW INFORMATION [Abstract]	'
CASH FLOW INFORMATION	'
	4 - CASH FLOW INFORMATION

	As of September 30, 2013 and December 31, 2012, the Company had four and five interest rate swaps, respectively, which are described and discussed in Note 11 — Interest Rate Swap Agreements. At September 30, 2013, the fair values of the four swaps are in a liability position of $9,292, all of which was classified within current liabilities. At December 31, 2012, the five swaps were in a liability position of $16,052, $7 of which was classified within current liabilities.

	For the nine months ended September 30, 2013, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses consisting of $79 for the purchase of vessels and $200 for the purchase of other fixed assets. For the nine months ended September 30, 2013, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses consisting of $123 associated with deferred financing fees and $280 for the payment of common stock issuance costs by its subsidiary. For the nine months ended September 30, 2013, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in current interest payable consisting of $13,199 associated with deferred financing fees.

	For the nine months ended September 30, 2012, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses consisting of $31 for the purchase of vessels and $77 for the purchase of other fixed assets. Additionally, for the nine months ended September 30, 2012, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in accounts payable and accrued expenses and long-term interest payable consisting of $246 and $13,199, respectively, associated with deferred financing fees.

	During the nine months ended September 30, 2013 and 2012, cash paid for interest, including bond coupon interest paid, was $58,043 and $61,632, respectively.

	During the nine months ended September 30, 2013 and 2012, cash paid for estimated income taxes was $775 and $926, respectively.

	On May 16, 2013, the Company made grants of nonvested common stock under the Genco Shipping & Trading Limited 2012 Equity Incentive Plan in the amount of 200,634 shares in the aggregate to directors of the Company. The aggregate fair value of such nonvested stock was $315. On May 16, 2013, Baltic Trading made grants of nonvested common stock in the amount of 59,680 shares to directors of Baltic Trading. The aggregate fair value of such nonvested stock was $225.

	On May 17, 2012, the Company made grants of nonvested common stock under the Genco Shipping & Trading Limited 2005 Equity Incentive Plan in the amount of 15,000 shares in the aggregate to directors of the Company. These shares vested on May 16, 2013. The aggregate fair value of such nonvested stock was $53. On May 17, 2012, Baltic Trading made grants of nonvested common stock in the amount of 12,500 shares to directors of Baltic Trading. These shares vested on May 16, 2013. The aggregate fair value of such nonvested stock was $48.

VESSEL_ACQUISITIONS_AND_DISPOS

VESSEL ACQUISITIONS AND DISPOSITIONS	9 Months Ended
VESSEL ACQUISITIONS AND DISPOSITIONS	Sep. 30, 2013
VESSEL ACQUISITIONS AND DISPOSITIONS [Abstract]	'
VESSEL ACQUISITIONS AND DISPOSITIONS	'
	5 - VESSEL ACQUISITIONS AND DISPOSITIONS

	On July 2, 2013, Baltic Trading entered into agreements to purchase two Handysize drybulk vessels from subsidiaries of Clipper Group for an aggregate purchase price of $41,000. The Baltic Hare, a 2009 built Handysize vessel, was delivered on September 5, 2013 and the Baltic Fox, a 2010 built Handysize vessel, was delivered on September 6, 2013. Baltic Trading financed the vessel purchases with proceeds from its May 28, 2013 common stock offering and borrowings under its 2013 Credit Facility entered into on August 30, 2013. Refer to Note 9 – Debt below for further information regarding the 2013 Credit Facility.

	Refer to Note 1 — General Information for a listing of the vessel delivery dates for the vessels in the Company’s fleet and the estimated delivery dates for vessels that Baltic Trading has entered into agreements to purchase.

	Below market time charters, including those acquired during previous periods, were amortized as an increase to voyage revenue in the amount of $51 and $187 for the three months ended September 30, 2013 and 2012, respectively, and $283 and $558 for the nine months ended September 30, 2013 and 2012, respectively.

INVESTMENTS

INVESTMENTS	9 Months Ended
INVESTMENTS	Sep. 30, 2013
INVESTMENTS [Abstract]	'
INVESTMENTS	'
	6 - INVESTMENTS

	The Company holds an investment in the capital stock of Jinhui Shipping and Transportation Limited (“Jinhui”). Jinhui is a drybulk shipping owner and operator focused on the Supramax segment of drybulk shipping. This investment is designated as Available For Sale (“AFS”) and is reported at fair value, with unrealized gains and losses recorded in shareholders’ equity as a component of AOCI. At September 30, 2013 and December 31, 2012, the Company held 16,335,100 shares of Jinhui capital stock which is recorded at its fair value of $41,829 and $20,988, respectively, based on the closing price on September 30, 2013 and December 28, 2012, respectively.

	The Company reviews the investment in Jinhui for other than temporary impairment on a quarterly basis. There were no impairment charges recognized for the three and nine months ended September 30, 2013 and 2012.

	The unrealized gain on the Jinhui capital stock remains a component of AOCI, since this investment is designated as an AFS security.

	Refer to Note 12 — Accumulated Other Comprehensive Income (Loss) for a breakdown of the components of AOCI.

NET_LOSS_PER_COMMON_SHARE

NET LOSS PER COMMON SHARE	9 Months Ended
NET LOSS PER COMMON SHARE	Sep. 30, 2013
NET LOSS PER COMMON SHARE [Abstract]	'
NET LOSS PER COMMON SHARE	'
	7 — NET LOSS PER COMMON SHARE

	The computation of basic net loss per share is based on the weighted-average number of common shares outstanding during the year. The computation of diluted net loss per share assumes the vesting of nonvested stock awards (refer to Note 20 — Nonvested Stock Awards), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive. Of the 1,217,896 nonvested shares outstanding at September 30, 2013 (refer to Note 20 — Nonvested Stock Awards), all are anti-dilutive. The Company’s diluted net loss per share will also reflect the assumed conversion under the Company’s convertible debt if the impact is dilutive under the “if converted” method. The impact of the shares convertible under the Company’s convertible notes is excluded from the computation of diluted earnings per share when interest expense per common share obtainable upon conversion is greater than basic earnings per share.

	The components of the denominator for the calculation of basic net loss per share and diluted net loss per share are as follows:

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012

	Common shares outstanding, basic:
	Weighted-average common shares outstanding, basic		43,231,510			42,885,810			43,196,895			41,290,719

	Common shares outstanding, diluted:
	Weighted-average common shares outstanding, basic		43,231,510			42,885,810			43,196,895			41,290,719

	Dilutive effect of convertible notes		—			—			—			—

	Dilutive effect of restricted stock awards		—			—			—			—

	Weighted-average common shares outstanding, diluted		43,231,510			42,885,810			43,196,895			41,290,719

	The following table sets forth a reconciliation of the net loss attributable to GS&T and the net loss attributable to GS&T for diluted net loss per share under the “if-converted” method:

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012

	Net loss attributable to GS&T	$	(35,034	)	$	(38,449	)	$	(128,566	)	$	(99,289	)

	Interest expense related to convertible notes, if dilutive		—			—			—			—

	Net loss attributable to GS&T for the computation of diluted net loss per share	$	(35,034	)	$	(38,449	)	$	(128,566	)	$	(99,289	)

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2013
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	8 - RELATED PARTY TRANSACTIONS

	The following represent related party transactions reflected in these condensed consolidated financial statements:

	The Company makes available employees performing internal audit services to General Maritime Corporation (“GMC”), where the Company’s Chairman, Peter C. Georgiopoulos, also serves as Chairman of the Board. For the nine months ended September 30, 2013 and 2012, the Company invoiced $110 and $140, respectively, to GMC, which includes time associated with such internal audit services and other expenditures. Additionally, during the nine months ended September 30, 2013 and 2012, the Company incurred travel and other expenditures totaling $82 and $45, respectively, reimbursable to GMC or its service provider. At September 30, 2013 and December 31, 2012, the amount due to GMC from the Company was $0 and $12, respectively.

	During the nine months ended September 30, 2013 and 2012, the Company incurred legal services aggregating $20 and $16, respectively, from Constantine Georgiopoulos, the father of Peter C. Georgiopoulos, Chairman of the Board. At September 30, 2013 and December 31, 2012, the amount due to Constantine Georgiopoulos was $20 and $0, respectively.

	GS&T and Baltic Trading have entered into agreements with Aegean Marine Petroleum Network, Inc. (“Aegean”) to purchase lubricating oils for certain vessels in their fleets. Peter C. Georgiopoulos, Chairman of the Board of the Company, is Chairman of the Board of Aegean. During the nine months ended September 30, 2013 and 2012, Aegean supplied lubricating oils to the Company’s vessels aggregating $1,022 and $1,170, respectively. At September 30, 2013 and December 31, 2012, $139 and $278 remained outstanding, respectively.

	During the nine months ended September 30, 2013 and 2012, the Company invoiced MEP for technical services provided and expenses paid on MEP’s behalf aggregating $2,570 and $2,541, respectively. Peter C. Georgiopoulos, Chairman of the Board, controls and has a minority interest in MEP. At September 30, 2013 and December 31, 2012, $5 and $5, respectively, was due to the Company from MEP. Total service revenue earned by the Company for technical services provided to MEP for the nine months ended September 30, 2013 and 2012 was $2,457 and $2,466, respectively. Lastly, as of September 30, 2013, MEP paid the Company approximately $70 of October 2013 service revenue, which is reflected in the September 30, 2013 deferred revenue balance.

DEBT

9 Months Ended

Sep. 30, 2013

DEBT [Abstract]

DEBT

9 - DEBT

Long-term debt consists of the following:

September 30,

December 31,

2013

2012

2007 Credit Facility

1,055,912

$100 Million Term Loan Facility

75,484

$253 Million Term Loan Facility

180,793

2010 Baltic Trading Credit Facility

102,250

101,250

2013 Baltic Trading Credit Facility

22,000

—

Less: Current portion

(1,313,689

)

—

Long-term debt

122,750

1,413,439

2007 Credit Facility

On July 20, 2007, the Company entered into a credit facility with DnB NOR Bank ASA (as amended, the “2007 Credit Facility”). The maximum amount that may be borrowed under the 2007 Credit Facility at September 30, 2013 is $1,055,912. As of September 30, 2013, the Company has utilized its maximum borrowing capacity under the 2007 Credit Facility.

The maximum leverage ratio covenant and minimum permitted consolidated interest ratio covenants are currently waived for the periods ending on and including December 31, 2013 pursuant to the August 1, 2012 agreements to amend or waive certain provisions of the agreements for the 2007 Credit Facility, $100 Million Term Loan Facility and the $253 Million Term Loan Facility (as defined below) (the “August 2012 Agreements”). Additionally, the collateral maintenance financial covenant is currently waived until the Company can represent that it is in compliance with all of its financial covenants. The Company’s cash dividends and share repurchases have been suspended until the collateral maintenance financial covenant can be satisfied.

The gross interest-bearing debt to total capital covenant ends during the period ending on and including December 31, 2013 pursuant to the August 2012 Agreements. This covenant limits the ratio of the Company’s interest-bearing indebtedness to the sum of its interest-bearing indebtedness and its consolidated net worth in accordance with U.S. GAAP to 62.5% on the last day of any fiscal quarter during the waiver period.

Additionally, pursuant to the August 2012 Agreements, the total applicable margin over LIBOR payable on the principal amount of debt outstanding increased from 2.0% to 3.0% per annum. The minimum cash balance required was also increased from $500 to $750 per vessel mortgaged under this facility pursuant to the August 2012 Agreements.

Pursuant to the amendment to the 2007 Credit Facility which was entered into on December 21, 2011, the Company was subject to a facility fee of 2.0% per annum on the average daily outstanding principal amount of the loans outstanding, payable quarterly in arrears, which was subject to a reduction to 1.0% if the Company consummated an equity offering resulting in an aggregate amount of $50,000 of gross proceeds. On February 28, 2012, the Company completed an equity offering of 7,500,000 shares which resulted in gross proceeds of $53,250. As such, effective February 28, 2012, the facility fee was reduced to 1.0%.

As of September 30, 2013, the Company believes it is in compliance with all of the financial covenants under its 2007 Credit Facility, as amended. However, as of September 30, 2013, the Company believes it is probable that the Company will not be in compliance with certain covenants at measurement dates within the next twelve months. As such, the debt outstanding under this facility of $1,055,912 was classified as a current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013.

At September 30, 2013, there were no letters of credit issued under the 2007 Credit Facility.

$100 Million Term Loan Facility

On August 12, 2010, the Company entered into the $100,000 secured term loan facility (“$100 Million Term Loan Facility”). As of September 30, 2013, the Company has utilized its maximum borrowing capacity of $100,000. The Company has used the $100 Million Term Loan Facility to fund or refund the Company a portion of the purchase price of the acquisition of five vessels from companies within the Metrostar group of companies. As of September 30, 2013, there was no availability under the $100 Million Term Loan Facility.

Pursuant to the amendments to the $100 Million Term Loan Facility that were entered into on December 21, 2011 and the August 2012 Agreements, the maximum leverage ratio covenant and the minimum permitted consolidated interest ratio covenant are currently waived for the periods ending on and including December 31, 2013.

As of September 30, 2013, the Company believes it is in compliance with all of the financial covenants under the $100 Million Term Loan Facility, as amended. However, as of September 30, 2013, the Company believes it is probable that the Company will not be in compliance with certain covenants at measurement dates within the next twelve months. As such, the debt outstanding under this facility of $75,484 was classified as a current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013.

$253 Million Term Loan Facility

On August 20, 2010, the Company entered into the $253,000 senior secured term loan facility (“$253 Million Term Loan Facility”). As of September 30, 2013, the Company has utilized its maximum borrowing capacity of $253,000 to fund or refund to the Company a portion of the purchase price of the 13 vessels purchased from Bourbon SA during the third quarter of 2010 and first quarter of 2011. As of September 30, 2013, there was no availability under the $253 Million Term Loan Facility.

Pursuant to the amendments to the $253 Million Term Loan Facility that were entered into on December 21, 2011 and August 2012 Agreements, the maximum leverage ratio covenant and the minimum permitted consolidated interest ratio covenant are currently waived for the periods ending on and including December 31, 2013.

As of September 30, 2013 and December 31, 2012, the Company has deposited $9,750 that has been reflected as restricted cash. Restricted cash will be released only if the underlying collateral is sold or disposed of.

As of September 30, 2013, the Company believes it is in compliance with all of the financial covenants under the $253 Million Term Loan Facility, as amended. However, as of September 30, 2013, the Company believes it is probable that the Company will not be in compliance with certain covenants at measurement dates within the next twelve months. As such, the debt outstanding under this facility of $180,793 was classified as a current liability and the restricted cash related to this facility was classified as a current asset in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability and a current asset, respectively, as of September 30, 2013.

2010 Baltic Trading Credit Facility

On April 16, 2010, Baltic Trading entered into a $100,000 senior secured revolving credit facility with Nordea Bank Finland plc, acting through its New York branch (as amended, the “2010 Baltic Trading Credit Facility”). An amendment to the 2010 Baltic Trading Credit Facility was entered into by Baltic Trading effective November 30, 2010. Among other things, this amendment increased the commitment amount of the 2010 Baltic Trading Credit Facility from $100,000 to $150,000. An additional amendment to the 2010 Baltic Trading Credit Facility was entered into by Baltic Trading effective August 29, 2013 (the “August 2013 Amendment”). Among other things, the August 2013 Amendment implemented the following modifications to the 2010 Baltic Trading Credit Facility:

The requirement that certain additional vessels acquired by Baltic Trading be mortgages as collateral under the 2010 Baltic Trading Credit Facility was eliminated.

Restrictions on the incurrence of indebtedness by Baltic Trading and its subsidiaries were amended to apply only to those subsidiaries acting as guarantors under the 2010 Baltic Trading Credit Facility.

The total commitment under this facility was reduced to $110,000 and will be further reduced in three consecutive semi-annual reductions of $5,000 commencing on May 30, 2015.

Borrowings bear interest at an applicable margin over LIBOR of 3.00% per annum if the ratio of the maximum facility amount of the aggregate appraised value of vessels mortgaged under the facility is 55% or less, measured quarterly; otherwise, the applicable margin is 3.35% per annum.

Financial covenants corresponding to the liquidity and leverage under the 2013 Baltic Trading Credit Facility (as defined below) have been incorporated into the 2010 Baltic Trading Credit Facility.

As of September 30, 2013, $7,750 remained available under the 2010 Baltic Trading Credit Facility as the total commitment was reduced to $110,000 on August 29, 2013. The total available working capital borrowings of $25,000 are subject to the total remaining availability under the 2010 Baltic Trading Credit Facility; therefore, only $7,750 is available for working capital purposes as of September 30, 2013.

As of September 30, 2013, the Company believes Baltic Trading is in compliance with all of the financial covenants under the 2010 Baltic Trading Credit Facility, as amended.

2013 Baltic Trading Credit Facility

On August 30, 2013, Baltic Hare Limited and Baltic Fox Limited, wholly-owned subsidiaries of Baltic Trading, entered into a secured loan agreement with DVB Bank SE for a term loan facility of up to $22,000 (the “2013 Baltic Trading Credit Facility”). Amounts borrowed and repaid under the 2013 Baltic Trading Credit Facility may not be reborrowed. This facility has a maturity date of the sixth anniversary of the drawdown date for borrowings for the second vessel to be purchased, or September 4, 2019. Borrowings under the 2013 Baltic Trading Credit Facility bear interest at the three-month LIBOR rate plus an applicable margin of 3.35% per annum. A commitment fee of 1.00% is payable on the unused daily portion of the credit facility, which began accruing on August 30, 2013 and ended on September 4, 2013, the date which the entire $22,000 was borrowed. Borrowings are to be repaid in 23 quarterly installments of $375 each commencing three months after the last vessel delivery date, or December 4, 2013, and a final payment of $13,375 due on the maturity date. Amounts repaid under the 2013 Baltic Trading Credit Facility may not be reborrowed.

Borrowings under the 2013 Baltic Trading Credit Facility are secured by liens on Baltic Trading’s vessels purchased with borrowings under the facility, namely the Baltic Fox and the Baltic Hare, and other related assets. Under a Guarantee and Indemnity entered into concurrently with the 2013 Baltic Trading Credit Facility, Baltic Trading agreed to guarantee the obligations of its subsidiaries under the 2013 Credit Facility.

The 2013 Baltic Trading Credit Facility also requires Baltic Trading, Baltic Hare Limited and Baltic Fox Limited to comply with a number of covenants, including financial covenants related to liquidity, leverage, consolidated net worth, and collateral maintenance; delivery of quarterly and annual financial statements and annual projections; maintaining adequate insurances; compliance with laws (including environmental); maintenance of flag and class of the initial vessels; restrictions on consolidations, mergers or sales of assets; limitations on changes in the manager of Baltic Trading’s vessels; limitations on changes to the Management Agreement; limitations on liens and additional indebtedness; prohibitions on paying dividends if an event of default has occurred or would occur as a result of payment of a dividend; restrictions on transactions with affiliates; and other customary covenants. The liquidity covenants under the facility require Baltic Hare Limited and Baltic Fox Limited to maintain $500 in its earnings account and Baltic Trading to maintain $750 per vessel in its fleet in cash or cash equivalents plus undrawn working capital lines of credit. The facility’s leverage covenant requires that the ratio of Baltic Trading’s total financial indebtedness to the value of its total assets as adjusted based on vessel appraisals not exceed 70%. The facility also requires that Baltic Trading maintains a minimum consolidated net worth of $232,796 plus fifty percent of the value of Baltic Trading’s equity offering completed on or after May 28, 2013. The facility’s collateral maintenance covenant requires that the minimum fair market value of vessels mortgaged under the facility be 130% of the amount outstanding under the facility through August 30, 2016 and 135% of such amount thereafter.

On September 4, 2013, Baltic Trading made two drawdowns of $10,730 and $11,270 for the Baltic Hare and the Baltic Fox, respectively. As of September 30, 2013, Baltic Trading has utilized its maximum borrowing capacity of $22,000, and there was no further availability.

As of September 30, 2013, the Company believes Baltic Trading is in compliance with all of the financial covenants under the 2013 Baltic Trading Credit Facility.

Interest payable

As required under the August 2012 Agreements, lenders under the 2007 Credit Facility will receive a fee equal to 1.25% of the principal amount outstanding following such prepayment, or $13,199, on the earlier date of the maturity date of this facility or the date on which all obligations under this facility have been paid in full. The $13,199 was classified as current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013, consistent with the classification of the principal amount of the 2007 Credit Facility.

Interest rates

The following tables sets forth the effective interest rate associated with the interest expense for the Company’s debt facilities noted above, including the rate differential between the pay fixed, receive variable rate on the interest rate swap agreements that were in effect (refer to Note 11 — Interest Rate Swap Agreements), combined, the cost associated with unused commitment fees as well as the facility fee for the 2007 Credit Facility which was reduced from 2.0% to 1.0% on February 28, 2012 as noted above. Additionally, it includes the range of interest rates on the debt, excluding the impact of swaps and unused commitment fees:

For the Three Months Ended

For the Nine Months Ended

September 30,

2013

2012

2013

2012

Effective Interest Rate

4.69

4.65

4.72

4.6

Range of Interest Rates (excluding impact of swaps and unused commitment fees)

3.18% to 4.31

3.22% to 4.50

3.18% to 4.38

3.22% to 4.63

CONVERTIBLE_SENIOR_NOTES

CONVERTIBLE SENIOR NOTES	9 Months Ended
CONVERTIBLE SENIOR NOTES	Sep. 30, 2013
CONVERTIBLE SENIOR NOTES [Abstract]	'
CONVERTIBLE SENIOR NOTES	'
	10 — CONVERTIBLE SENIOR NOTES

	The Company issued $125,000 of 5.0% Convertible Senior Notes on July 27, 2010. The Indenture includes customary agreements and covenants, including with respect to events of default.

	The following tables provide additional information about the Company’s 2010 Notes:

		September 30,			December 31,
		2013			2012
	Carrying amount of the equity component (additional paid-in capital)	$	24,375		$	24,375
	Principal amount of the 2010 Notes		125,000			125,000
	Unamortized discount of the liability component		10,429			14,082
	Net carrying amount of the liability component		114,571			110,918


		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Effective interest rate on liability component		10	%		10	%		10	%		10	%
	Cash interest expense recognized	$	1,575		$	1,580		$	4,687		$	4,696
	Non-cash interest expense recognized		1,265			1,158			3,653			3,345
	Non-cash deferred financing amortization costs included in interest expense		181			181			537			540

	The remaining period over which the unamortized discount will be recognized is 1.87 years. As of September 30, 2013, the if-converted value of the 2010 Notes does not exceed their principal amount.

	The Company believes it is probable that the Company will not be in compliance with certain covenants under its credit facilities at measurement dates within the twelve months after March 31, 2013. If such a default occurs, the Company may also be in default under the Indenture for the 2010 Notes. A default would occur under the Indenture, following applicable notice and expiration of applicable cure periods, if the Company fails to pay indebtedness in excess of $50,000 at final maturity (or when otherwise due) or if such indebtedness is accelerated. As such, the 2010 Notes were classified as a current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013.

INTEREST_RATE_SWAP_AGREEMENTS

INTEREST RATE SWAP AGREEMENTS

9 Months Ended

Sep. 30, 2013

INTEREST RATE SWAP AGREEMENTS [Abstract]

INTEREST RATE SWAP AGREEMENTS

11 - INTEREST RATE SWAP AGREEMENTS

As of September 30, 2013 and December 31, 2012, the Company had four and five interest rate swap agreements outstanding, respectively, with DnB Bank ASA to manage interest costs and the risk associated with changing interest rates related to the Company’s 2007 Credit Facility. The total notional principal amount of the swaps at September 30, 2013 and December 31, 2012 was $306,233 and $356,233, respectively, and the swaps have specified rates and durations.

The following table summarizes the interest rate swaps designated as cash flow hedges that were in place as of September 30, 2013 and December 31, 2012:

September 30,

December 31,

2013

2012

Interest Rate Swap Detail

Notional

Trade

Fixed

Start Date

End date

Amount

Date

Rate

of Swap

Outstanding

9/6/05

4.485

9/14/05

7/29/15

106,233

3/29/06

5.25

1/2/07

1/1/14

50,000

3/24/06

5.075

1/2/08

1/2/13

—

50,000

1/9/09

2.05

1/22/09

1/22/14

100,000

2/11/09

2.45

2/23/09

2/23/14

50,000

306,233

356,233

The following table summarizes the derivative asset and liability balances at September 30, 2013 and December 31, 2012:

Asset Derivatives

Liability Derivatives

Balance

Fair Value

Balance

Fair Value

Sheet

September 30,

December

Sheet

September 30,

December

Location

2013

31, 2012

Location

2013

31, 2012

Derivatives designated as hedging instruments

Interest rate contracts

Fair value of derivative instruments (Current Assets)

—

Fair value of derivative instruments (Current Liabilities)

9,292

Interest rate contracts

Fair value of derivative instruments (Noncurrent Assets)

—

Fair value of derivative instruments (Noncurrent Liabilities)

—

16,045

Total derivatives designated as hedging instruments

—

9,292

16,052

Total Derivatives

—

9,292

16,052

As of September 30, 2013, the Company believes it is probable that the Company will not be in compliance with certain covenants under its credit facilities at measurement dates within the next twelve months. If such a default occurs, the Company may also be in default under the terms of the interest rate swap agreements. Accordingly, one swap previously classified as a long-term liability was classified as a current liability in the condensed consolidated balance sheet beginning March 31, 2013 and remained classified as a current liability as of September 30, 2013.

The following tables present the impact of derivative instruments and their location within the Condensed Consolidated Statement of Operations:

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Three-Month Period Ended September 30, 2013

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2013

Portion)

2013

Portion)

2013

Interest rate contracts

(439

)

Interest Expense

(2,515

)

Other Income (Expense)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Three-Month Period Ended September 30, 2012

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2012

Portion)

2012

Portion)

2012

Interest rate contracts

(1,434

)

Interest Expense

(2,959

)

Other Income (Expense)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Nine-Month Period Ended September 30, 2013

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2013

Portion)

2013

Portion)

2013

Interest rate contracts

(668

)

Interest Expense

(7,431

)

Other Income (Expense)

)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Nine-Month Period Ended September 30, 2012

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2012

Portion)

2012

Portion)

2012

Interest rate contracts

(3,999

)

Interest Expense

(10,392

)

Other Income (Expense)

At September 30, 2013, ($6,012) of AOCI is expected to be reclassified into interest expense over the next 12 months associated with interest rate derivatives.

The Company is required to provide collateral in the form of vessel assets to support the interest rate swap agreements, excluding vessel assets of Baltic Trading. At September 30, 2013, the Company’s 35 vessels mortgaged under the 2007 Credit Facility served as collateral in the aggregate amount of $100,000.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Sep. 30, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	12 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	The components of AOCI included in the accompanying condensed consolidated balance sheets consist of net unrealized gain (loss) on cash flow hedges and net unrealized gain from investments in Jinhui stock as of September 30, 2013 and December 31, 2012.

	Changes in AOCI by Component
	For the Nine-Month Period Ended September 30, 2013

		Net Unrealized				Net Unrealized		Total
		Gain (Loss) on				Gain
		Cash Flow				on
		Hedges				Investments
	AOCI — January 1, 2013	$	(16,057	)		$	4,216	$	(11,841	)

	OCI before reclassifications		14,194				20,841		35,035
	Amounts reclassified from AOCI		(7,431	)			—		(7,431	)
	Net current-period OCI		6,763				20,841		27,604

	AOCI — September 30, 2013	$	(9,294	)		$	25,057	$	15,763

	Reclassifications Out of AOCI
	For the Nine-Month Period Ended September 30, 2013

	Details about AOCI Components	Amount			Affected Line Item in
		Reclassified from			the Statement Where
		AOCI			Net Loss is Presented
	Gains and losses on cash flow hedges
	Interest rate contracts	$	7,431		Interest expense

	Total reclassifications for the period	$	7,431

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2013

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

13 - FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair values and carrying values of the Company’s financial instruments at September 30, 2013 and December 31, 2012 which are required to be disclosed at fair value, but not recorded at fair value, are noted below.

30-Sep-13

31-Dec-12

Carrying

Fair Value

Carrying

Fair Value

Value

Cash and cash equivalents

109,492

72,600

Restricted cash

10,150

Floating rate debt

1,436,439

See below

1,413,439

2010 Notes

114,571

63,438

110,918

44,375

The fair value of the floating rate debt under the $100 Million Term Loan Facility and $253 Million Term Loan Facility are based on management’s estimate utilizing rates the Company believes it would be able to obtain for these credit facilities. However, a portion of the floating rate debt in the 2007 Credit Facility was traded in a private transaction for an amount that is not determinable by the Company, which management believes was lower than the debt’s current carrying value. The fair value of the 2010 Baltic Trading Credit Facility and the 2013 Baltic Trading Credit Facility is based on management’s estimates of rates it has recently obtained pursuant to the amendment to the existing 2010 Baltic Trading Credit Facility on August 29, 2013, as well as per the debt agreement for the 2013 Baltic Trading Credit Facility that was effective on August 30, 2013. Refer to Note 9 – Debt for further information. Additionally, the Company considers its creditworthiness in determining the fair value of floating rate debt under the credit facilities. The carrying value approximates the fair market value for these floating rate loans except for the 2007 Credit Facility. The fair value of the convertible senior notes payable represents the market value based on recent transactions of the 2010 Notes at September 30, 2013 and December 31, 2012 without bifurcating the value of the conversion option. The fair value of the interest rate swaps shown below is the estimated amount the Company would receive to terminate the swap agreements at the reporting date, taking into account current interest rates and the creditworthiness of both the swap counterparty and the Company. The carrying amounts of the Company’s other financial instruments at September 30, 2013 and December 31, 2012 (principally Due from charterers and Accounts payable and accrued expenses) approximate fair values because of the relatively short maturity of these instruments.

Accounting Standards Codification Subtopic 820-10, “Fair Value Measurements & Disclosures” (“ASC 820-10”), applies to all assets and liabilities that are being measured and reported on a fair value basis. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumption (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1—Valuations based on quoted prices in active markets for identical instruments that the Company is able to access. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these instruments does not entail a significant degree of judgment.

Level 2—Valuations based on quoted prices in active markets for instruments that are similar, or quoted prices in markets that are not active for identical or similar instruments, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.

Level 3—Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

As of September 30, 2013 and December 31, 2012, the fair values of the Company’s financial assets and liabilities are categorized as follows:

30-Sep-13

Total

Quoted

Significant

Market

Other

Prices in

Observable

Active

Inputs

Markets

(Level 2)

(Level 1)

Investments

41,829

—

Derivative instruments — liability position

9,292

—

9,292

31-Dec-12

Total

Quoted

Significant

Market

Other

Prices in

Observable

Active

Inputs

Markets

(Level 2)

(Level 1)

Investments

20,988

—

Derivative instruments — liability position

16,052

—

16,052

The Company holds an investment in the capital stock of Jinhui, which is classified as a long-term investment. The stock of Jinhui is publicly traded on the Oslo Stock Exchange and is considered a Level 1 item. The Company’s interest rate derivative instruments are pay-fixed, receive-variable interest rate swaps based on LIBOR. The Company has elected to use the income approach to value the derivatives, using observable Level 2 market inputs at measurement date and standard valuation techniques to convert future amounts to a single present amount assuming that participants are motivated, but not compelled to transact. Level 2 inputs for the valuations are limited to quoted prices for similar assets or liabilities in active markets (specifically futures contracts on LIBOR for the first two years) and inputs other than quoted prices that are observable for the asset or liability (specifically LIBOR cash and swap rates and credit risk at commonly quoted intervals). Mid-market pricing is used as a practical expedient for fair value measurements. Refer to Note 11 — Interest Rate Swap Agreements for further information regarding the Company’s interest rate swap agreements. ASC 820-10 states that the fair value measurement of an asset or liability must reflect the nonperformance risk of the entity and the counterparty. Therefore, the impact of the counterparty’s creditworthiness when in an asset position and the Company’s creditworthiness when in a liability position have also been factored into the fair value measurement of the derivative instruments. This credit valuation adjustment did not have a material impact on the fair value measurement of the derivative instruments. As of September 30, 2013, both the counterparty and the Company are expected to continue to perform under the contractual terms of the instruments. Cash and cash equivalents and restricted cash are considered Level 1 items as they represent liquid assets with short-term maturities. Floating rate debt is considered to be a Level 2 item as the Company considers the estimate of rates it could obtain for similar debt or based upon transaction amongst third parties. The 2010 Notes are publicly traded in the over-the-counter market; however, they are not considered to be actively traded. As such, the 2010 Notes are considered to be a Level 2 item. The Company did not have any Level 3 financial assets or liabilities during the nine months ended September 30, 2013 and 2012.

PREPAID_EXPENSES_AND_OTHER_CUR

PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS	9 Months Ended
	Sep. 30, 2013
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS [Abstract]	'
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS	'
	14 - PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS

	Prepaid expenses and other current assets consist of the following:

		September 30,		December 31,
		2013		2012
	Lubricant inventory, fuel oil and diesel oil inventory and other stores	$	10,989	$	10,322
	Prepaid items		3,953		5,067
	Insurance receivable		1,352		1,817
	Other		2,096		940
	Total prepaid expenses and other current assets	$	18,390	$	18,146

	Other noncurrent assets in the amount of $514 at September 30, 2013 and December 31, 2012 represent the security deposit related to the operating lease entered into effective April 4, 2011. Refer to Note 19 — Commitments and Contingencies for further information related to the lease agreement.

OTHER_ASSETS_NET

OTHER ASSETS, NET	9 Months Ended
OTHER ASSETS, NET	Sep. 30, 2013
OTHER ASSETS, NET [Abstract]	'
OTHER ASSETS, NET	'
	15 - OTHER ASSETS, NET

	Other assets consist of deferred financing costs, which include fees, commissions and legal expenses associated with securing loan facilities and other debt offerings and amending existing loan facilities. Total net deferred financing costs consist of the following as of September 30, 2013 and December 31, 2012:

		September 30,		December 31,
		2013		2012

	2007 Credit Facility	$	29,568	$	29,568
	$100 Million Term Loan Facility		1,783		1,783
	$253 Million Term Loan Facility		4,708		4,708
	2010 Notes		3,637		3,637
	2010 Baltic Trading Credit Facility		3,339		3,027
	2013 Baltic Trading Credit Facility		507		—
	Total deferred financing costs		43,542		42,723
	Less: accumulated amortization		20,025		13,162
	Total	$	23,517	$	29,561

	Amortization expense for deferred financing costs for the three months ended September 30, 2013 and 2012 was $3,171 and $1,596, respectively. Amortization expense for deferred financing costs for the nine months ended September 30, 2013 and 2012 was $6,862 and $3,555, respectively. This amortization expense is recorded as a component of interest expense in the Condensed Consolidated Statements of Operations.

FIXED_ASSETS

FIXED ASSETS	9 Months Ended
FIXED ASSETS	Sep. 30, 2013
FIXED ASSETS [Abstract]	'
FIXED ASSETS	'
	16 - FIXED ASSETS

	Fixed assets consist of the following:

		September 30,		December
		2013		31, 2012
	Fixed assets, at cost:
	Vessel equipment	$	3,622	$	3,043
	Leasehold improvements		3,823		3,823
	Furniture and fixtures		997		997
	Computer equipment		754		706
	Total costs		9,196		8,569
	Less: accumulated depreciation and amortization		3,998		3,311
	Total	$	5,198	$	5,258

	Depreciation and amortization expense for fixed assets for the three months ended September 30, 2013 and 2012 was $233 and $230, respectively. Depreciation and amortization expense for fixed assets for the nine months ended September 30, 2013 and 2012 was $687 and $655, respectively.

ACCOUNTS_PAYABLE_AND_ACCRUED_E

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2013
ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]	'
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	'
	17 — ACCOUNTS PAYABLE AND ACCRUED EXPENSES

	Accounts payable and accrued expenses consist of the following:

		September 30,		December
		2013		31, 2012
	Accounts payable	$	4,617	$	4,477
	Accrued general and administrative expenses		10,190		8,803
	Accrued vessel operating expenses		9,688		10,387
	Total	$	24,495	$	23,667

REVENUE_FROM_TIME_CHARTERS

REVENUE FROM TIME CHARTERS	9 Months Ended
REVENUE FROM TIME CHARTERS	Sep. 30, 2013
REVENUE FROM TIME CHARTERS [Abstract]	'
REVENUE FROM TIME CHARTERS	'
	18 - REVENUE FROM TIME CHARTERS

	Total voyage revenue earned on time charters, including revenue earned in vessel pools and spot market-related time charters, as well as the sale of bunkers consumed during short-term time charters, for the three months ended September 30, 2013 and 2012 was $58,605 and $53,603, respectively, and for the nine months ended September 30, 2013 and 2012 was $143,222 and $174,740, respectively. There was no profit sharing revenue earned during the three and nine months ended September 30, 2013 and 2012. Future minimum time charter revenue, based on vessels committed to noncancelable time charter contracts as of November 1, 2013 is expected to be $9,676 for the remainder of 2013 and $7,068 during 2014, assuming off-hire due to any scheduled drydocking and that no additional off-hire time is incurred. For drydockings, the Company assumes twenty days of offhire. Future minimum revenue excludes revenue earned for the vessels currently in pool arrangements, vessels that are currently on or will be on spot market-related time charters as spot rates cannot be estimated, as well as profit sharing revenue.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	19 - COMMITMENTS AND CONTINGENCIES

	In September 2005, the Company entered into a 15-year lease for office space in New York, New York for which there was a free rental period from September 1, 2005 to July 31, 2006. On January 6, 2012, the Company ceased the use of this space and has recorded net rent (income) expense of ($39) and $255 during the three months ended September 30, 2013 and 2012, respectively, and $92 and $826 during the nine months ended September 30, 2013 and 2012, respectively, representing the present value of the Company’s estimated remaining rent expense for the duration of the lease after taking into account future sublease income based on the sublease agreement entered into effective November 1, 2013 and deferred rent on the facility. The current lease obligations related to this lease agreement as of September 30, 2013 and December 31, 2012 of $284 and $682, respectively, are recorded in the condensed consolidated balance sheets in Current portion of lease obligations. The long-term lease obligations related to this lease agreement as of September 30, 2013 and December 31, 2012 of $790 and $672, respectively, are recorded in the condensed consolidated balance sheets in Long-term lease obligations.

	Future minimum rental payments on the above lease for the next five years and thereafter are as follows: $129 for the remainder of 2013, $518 annually for 2014 through 2015, $529 for 2016, $550 for 2017 and a total of $1,972 for the remaining term of the lease.

	Effective April 4, 2011, the Company entered into a seven-year sub-sublease agreement for additional office space in New York, New York. The term of the sub-sublease commenced June 1, 2011, with a free base rental period until October 31, 2011. Following the expiration of the free base rental period, the monthly base rental payments will be $82 per month until May 31, 2015 and thereafter will be $90 per month until the end of the seven-year term. Pursuant to the sub-sublease agreement, the sublessor is obligated to contribute $472 toward the cost of the Company’s alterations to the sub-subleased office space. The Company has also entered into a direct lease with the over-landlord of such office space that will commence immediately upon the expiration of such sub-sublease agreement, for a term covering the period from May 1, 2018 to September 30, 2025; the direct lease provides for a free base rental period from May 1, 2018 to September 30, 2018. Following the expiration of the free base rental period, the monthly base rental payments will be $186 per month from October 1, 2018 to April 30, 2023 and $204 per month from May 1, 2023 to September 30, 2025. For accounting purposes, the sub-sublease agreement and direct lease agreement with the landlord constitutes one lease agreement. As a result of the straight-line rent calculation generated by the free rent period and the tenant work credit, the monthly straight-line rental expense for the term of the entire lease from June 1, 2011 to September 30, 2025 will be $130. The Company had a long-term lease obligation at September 30, 2013 and December 31, 2012 of $2,225 and $1,793, respectively. Rent expense pertaining to this lease for the three months ended September 30, 2013 and 2012 was $389. Rent expense pertaining to this lease for the nine months ended September 30, 2013 and 2012 was $1,168.

	Future minimum rental payments on the above lease for the next five years and thereafter are as follows: $245 for the remainder of 2013, $982 annually for 2014, $1,037 annually for 2015, $1,076 annually for 2016 and 2017 and a total of $16,506 for the remaining term of the lease.

NONVESTED_STOCK_AWARDS

NONVESTED STOCK AWARDS	9 Months Ended
NONVESTED STOCK AWARDS	Sep. 30, 2013
NONVESTED STOCK AWARDS [Abstract]	'
NONVESTED STOCK AWARDS	'
	20 - NONVESTED STOCK AWARDS

	The table below summarizes the Company’s nonvested stock awards for the nine months ended September 30, 2013 under the Genco Shipping & Trading Limited 2005 and 2012 Equity Incentive Plans (the “GS&T Plans”):

			Number of				Weighted
			Shares				Average Grant
							Date Price
	Outstanding at January 1, 2013			1,108,762			$	9.47
	Granted			200,634				1.57
	Vested			(70,000	)			2.86
	Forfeited			(21,500	)			5.53

	Outstanding at September 30, 2013			1,217,896			$	8.61

	The total fair value of shares that vested under the GS&T Plans during the nine months ended September 30, 2013 and 2012 was $110 and $53, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

	For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the GS&T Plans, which is included in general, administrative and management fees, as follows:

		For the Three Months Ended							For the Nine Months Ended
		September 30,							September 30,
		2013				2012			2013			2012
	General, administrative, and management fees		$	749			$	1,069		$	2,314		$	3,214

	The fair value of nonvested stock at the grant date is equal to the closing stock price on that date. The Company is amortizing these grants over the applicable vesting periods, net of anticipated forfeitures. As of September 30, 2013, unrecognized future compensation cost of $3,013 related to nonvested stock will be recognized over a weighted-average period of 2.34 years.

	The following table presents a summary of Baltic Trading’s nonvested stock awards for the nine months ended September 30, 2013 under the Baltic Trading Limited 2010 Equity Incentive Plan (the “Baltic Trading Plan”):

			Number of Baltic				Weighted
			Trading				Average Grant
			Common				Date Price
			Shares
	Outstanding at January 1, 2013			664,249			$	7.7
	Granted			59,680				3.77
	Vested			(166,500	)			10.76
	Forfeited			—				—

	Outstanding at September 30, 2013			557,429			$	6.37

	The total fair value of shares that vested under the Baltic Trading Plan during the nine months ended September 30, 2013 and 2012 was $643 and $505, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

	For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:

		For the Three Months Ended							For the Nine Months Ended
		September 30,							September 30,
		2013				2012			2013			2012
	General, administrative, and management fees		$	341			$	403		$	1,156		$	1,377

	The Company is amortizing Baltic Trading’s grants over the applicable vesting periods, net of anticipated forfeitures. As of September 30, 2013, unrecognized future compensation cost of $964 related to nonvested stock will be recognized over a weighted-average period of 1.97 years.

SHARE_REPURCHASE_PROGRAM

SHARE REPURCHASE PROGRAM	9 Months Ended
SHARE REPURCHASE PROGRAM	Sep. 30, 2013
SHARE REPURCHASE PROGRAM [Abstract]	'
SHARE REPURCHASE PROGRAM	'
	21 - SHARE REPURCHASE PROGRAM

	Since the inception of its share repurchase program through September 30, 2013, the Company has repurchased and retired 278,300 shares of its common stock for $11,500. Currently, the terms of the 2007 Credit Facility require the Company to suspend all share repurchases until the Company can represent that it is in a position to again satisfy the collateral maintenance covenant. No share repurchases were made during the three and nine months ended September 30, 2013 and 2012.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
LEGAL PROCEEDINGS	Sep. 30, 2013
LEGAL PROCEEDINGS [Abstract]	'
LEGAL PROCEEDINGS	'
	22 - LEGAL PROCEEDINGS

	From time to time, the Company may be subject to legal proceedings and claims in the ordinary course of its business, principally personal injury and property casualty claims. Such claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. The Company is not aware of any legal proceedings or claims that it believes will have, individually or in the aggregate, a material effect on the Company, its financial condition, results of operations or cash flows.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2013
SUBSEQUENT EVENTS [Abstract]	'
SUBSEQUENT EVENTS	'
	23 - SUBSEQUENT EVENTS

	On October 31, 2013, Baltic Trading declared a dividend of $0.02 per share to be paid on or November 22, 2013 to shareholders of record as of November 18, 2013. The aggregate amount of the dividend is expected to be approximately $874, of which approximately $752 will be paid to minority shareholders, which Baltic Trading anticipates will be funded from cash on hand at the time payment is to be made.

	On October 31, 2013, Baltic Trading entered into agreements to purchase a 2012 built 179,185 dwt Capesize drybulk vessel and a 2011 built 179,185 dwt Capesize drybulk vessel from affiliates of SK Shipping Co. Ltd. for an aggregate purchase price of $103,000. These vessels are to be renamed the Baltic Lion and the Baltic Tiger, respectively. The purchases are subject to completion of customary additional documentation and closing conditions. The vessels are expected to be delivered to Baltic Trading by the end of the fourth quarter of 2013. Baltic Trading plans to finance this acquisition in part through the proceeds from its common stock offering completed on September 25, 2013 and in part through commercial bank debt financing. Baltic Trading is in negotiations to obtain a commitment for commercial bank financing from a global lending institution.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Principles of consolidation	'
	Principles of consolidation

	The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, which include the accounts of GS&T, its wholly-owned subsidiaries and Baltic Trading, a subsidiary in which the Company owns a majority of the voting interests and exercises control. All intercompany accounts and transactions have been eliminated in consolidation.
Basis of presentation	'
	Basis of presentation

	The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management of the Company, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and operating results have been included in the statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2012 (the “2012 10-K”). The results of operations for the three and nine month periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year.
Vessels, net	'
	Vessels, net

	Vessels, net is stated at cost less accumulated depreciation. Included in vessel costs are acquisition costs directly attributable to the acquisition of a vessel and expenditures made to prepare the vessel for its initial voyage. The Company also capitalizes interest costs for a vessel under construction as a cost which is directly attributable to the acquisition of a vessel. Vessels are depreciated on a straight-line basis over their estimated useful lives, determined to be 25 years from the date of initial delivery from the shipyard. Depreciation expense for vessels for the three months ended September 30, 2013 and 2012 was $33,591 and $33,462, respectively. Depreciation expense for vessels for the nine months ended September 30, 2013 and 2012 was $99,432 and $99,646, respectively.

	Depreciation expense is calculated based on cost less the estimated residual scrap value. The costs of significant replacements, renewals and betterments are capitalized and depreciated over the shorter of the vessel’s remaining estimated useful life or the estimated life of the renewal or betterment. Undepreciated cost of any asset component being replaced that was acquired after the initial vessel purchase is written off as a component of vessel operating expense. Expenditures for routine maintenance and repairs are expensed as incurred. Scrap value is estimated by the Company by taking the estimated scrap value of $245/lwt multiplied by the weight of the ship in lightweight tons (lwt).
Deferred revenue	'
	Deferred revenue

	Deferred revenue primarily relates to cash received from charterers prior to it being earned. These amounts are recognized as revenue when earned. Additionally, deferred revenue includes estimated customer claims mainly due to time charter performance issues. As of September 30, 2013 and December 31, 2012, the Company had an accrual of $323 and $407, respectively, related to these estimated customer claims.
Voyage expense recognition	'
	Voyage expense recognition

	In time charters, spot market-related time charters and pool agreements, operating costs including crew, maintenance and insurance are typically paid by the owner of the vessel and specified voyage costs such as fuel and port charges are paid by the charterer. There are certain other non-specified voyage expenses, such as commissions, which are typically borne by the Company. At the inception of a time charter, the Company records the difference between the cost of bunker fuel delivered by the terminating charterer and the bunker fuel sold to the new charterer as a gain or loss within voyage expenses. These differences in bunkers resulted in net (losses) gains of ($296) and $242 during the three months ended September 30, 2013 and 2012, respectively, and $47 and $1,665 during the nine months ended September 30, 2013 and 2012, respectively. Additionally, voyage expenses include the cost of bunkers consumed during short-term time charters pursuant to the terms of the time charter agreement.
Noncontrolling interest	'
	Noncontrolling interest

	Net loss attributable to noncontrolling interest during the three and nine months ended September 30, 2013 and 2012 reflects the noncontrolling interest’s share of the net loss of Baltic Trading, a subsidiary of the Company, which owns and employs drybulk vessels in the spot market or on spot market-related time charters. The spot market represents immediate chartering of a vessel, usually for single voyages. At September 30, 2013, the noncontrolling interest held an 86.03% economic interest in Baltic Trading while only holding 29.10% of the voting power. At December 31, 2012, the noncontrolling interest held a 75.22% economic interest in Baltic Trading while only holding 16.83% of the voting power.
Income taxes	'
	Income taxes

	Pursuant to certain agreements, GS&T technically and commercially manages vessels for Baltic Trading as well as provides technical management of vessels for MEP in exchange for specified fees for these services provided. These services are performed by Genco Management (USA) Limited (“Genco (USA)”), which has elected to be taxed as a corporation for United States federal income tax purposes. As such, Genco (USA) is subject to United States federal income tax on its worldwide net income, including the net income derived from providing these services. Genco (USA) has entered into a cost-sharing agreement with the Company and Genco Ship Management LLC, collectively Manco, pursuant to which Genco (USA) agrees to reimburse Manco for the costs incurred by Genco (USA) for the use of Manco’s personnel and services in connection with the provision of the services for both Baltic Trading and MEP’s vessels.

	Total revenues earned for these services during the three months ended September 30, 2013 and 2012 was $2,010 and $1,530, respectively, of which $772 and $703, respectively, was eliminated upon consolidation. After allocation of certain expenses, there was taxable income of $1,045 associated with these activities for the three months ended September 30, 2013. This resulted in estimated income tax expense of $471 for the three months ended September 30, 2013. After allocation of certain expenses, there was taxable income of $664 associated with these activities for the three months ended September 30, 2012. This resulted in income tax expense of $299 for the three months ended September 30, 2012.

	Total revenues earned for these services during the nine months ended September 30, 2013 and 2012 was $5,015 and $4,575, respectively, of which $2,148 and $2,109, respectively, was eliminated upon consolidation. After allocation of certain expenses, there was taxable income of $2,262 associated with these activities for the nine months ended September 30, 2013. This resulted in estimated income tax expense of $975 for the nine months ended September 30, 2013. After allocation of certain expenses, there was taxable income of $1,985 associated with these activities for the nine months ended September 30, 2012. This resulted in income tax expense of $892 for the nine months ended September 30, 2012.

	Baltic Trading is subject to income tax on its United States source income. During the three months ended September 30, 2013 and 2012, Baltic Trading had United States operations which resulted in United States source income of $420 and $200, respectively. Baltic Trading’s United States income tax expense for the three months ended September 30, 2013 and 2012 was $8 and $4, respectively.

	During the nine months ended September 30, 2013 and 2012, Baltic Trading had United States operations which resulted in United States source income of $1,059 and $1,321, respectively. Baltic Trading’s United States income tax expense for the nine months ended September 30, 2013 and 2012 was $22 and $26, respectively.
Recent accounting pronouncements	'
	Recent accounting pronouncements

	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”), to improve the transparency of changes in other comprehensive income (loss) (“OCI”) and items reclassified out of accumulated other income (loss) (“AOCI”). The amendments in ASU 2013-02 are required to be applied prospectively and are effective for reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 will not have any impact on the Company’s consolidated financial statements other than separately disclosing in the footnotes to the consolidated financial statements amounts reclassified out of AOCI and the individual line items in the Condensed Consolidated Statement of Operations that are affected. The Company has adopted ASU 2013-02 and the impact of adoption is not material to the Company’s condensed consolidated financial statements. Refer to Note 12 — Accumulated Other Comprehensive Income (Loss) for additional disclosure.

GENERAL_INFORMATION_Tables

GENERAL INFORMATION (Tables)	9 Months Ended
GENERAL INFORMATION (Tables)	Sep. 30, 2013
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member]	'
Entity Listings [Line Items]	'
Wholly Owned Ship-owning Subsidiaries	'
	Below is the list of GS&T’s wholly owned ship-owning subsidiaries as of September 30, 2013:

	Wholly Owned Subsidiaries	Vessels Acquired	Dwt	Delivery Date	Year Built

	Genco Reliance Limited	Genco Reliance	29,952	12/6/04	1999
	Genco Vigour Limited	Genco Vigour	73,941	12/15/04	1999
	Genco Explorer Limited	Genco Explorer	29,952	12/17/04	1999
	Genco Carrier Limited	Genco Carrier	47,180	12/28/04	1998
	Genco Sugar Limited	Genco Sugar	29,952	12/30/04	1998
	Genco Pioneer Limited	Genco Pioneer	29,952	1/4/05	1999
	Genco Progress Limited	Genco Progress	29,952	1/12/05	1999
	Genco Wisdom Limited	Genco Wisdom	47,180	1/13/05	1997
	Genco Success Limited	Genco Success	47,186	1/31/05	1997
	Genco Beauty Limited	Genco Beauty	73,941	2/7/05	1999
	Genco Knight Limited	Genco Knight	73,941	2/16/05	1999
	Genco Leader Limited	Genco Leader	73,941	2/16/05	1999
	Genco Marine Limited	Genco Marine	45,222	3/29/05	1996
	Genco Prosperity Limited	Genco Prosperity	47,180	4/4/05	1997
	Genco Muse Limited	Genco Muse	48,913	10/14/05	2001
	Genco Acheron Limited	Genco Acheron	72,495	11/7/06	1999
	Genco Surprise Limited	Genco Surprise	72,495	11/17/06	1998
	Genco Augustus Limited	Genco Augustus	180,151	8/17/07	2007
	Genco Tiberius Limited	Genco Tiberius	175,874	8/28/07	2007
	Genco London Limited	Genco London	177,833	9/28/07	2007
	Genco Titus Limited	Genco Titus	177,729	11/15/07	2007
	Genco Challenger Limited	Genco Challenger	28,428	12/14/07	2003
	Genco Charger Limited	Genco Charger	28,398	12/14/07	2005
	Genco Warrior Limited	Genco Warrior	55,435	12/17/07	2005
	Genco Predator Limited	Genco Predator	55,407	12/20/07	2005
	Genco Hunter Limited	Genco Hunter	58,729	12/20/07	2007
	Genco Champion Limited	Genco Champion	28,445	1/2/08	2006
	Genco Constantine Limited	Genco Constantine	180,183	2/21/08	2008
	Genco Raptor LLC	Genco Raptor	76,499	6/23/08	2007
	Genco Cavalier LLC	Genco Cavalier	53,617	7/17/08	2007
	Genco Thunder LLC	Genco Thunder	76,588	9/25/08	2007
	Genco Hadrian Limited	Genco Hadrian	169,694	12/29/08	2008
	Genco Commodus Limited	Genco Commodus	169,025	7/22/09	2009
	Genco Maximus Limited	Genco Maximus	169,025	9/18/09	2009
	Genco Claudius Limited	Genco Claudius	169,025	12/30/09	2010
	Genco Bay Limited	Genco Bay	34,296	8/24/10	2010
	Genco Ocean Limited	Genco Ocean	34,409	7/26/10	2010
	Genco Avra Limited	Genco Avra	34,391	5/12/11	2011
	Genco Mare Limited	Genco Mare	34,428	7/20/11	2011
	Genco Spirit Limited	Genco Spirit	34,432	11/10/11	2011
	Genco Aquitaine Limited	Genco Aquitaine	57,981	8/18/10	2009

	Wholly Owned Subsidiaries	Vessels Acquired	Dwt	Delivery Date	Year Built

	Genco Ardennes Limited	Genco Ardennes	57,981	8/31/10	2009
	Genco Auvergne Limited	Genco Auvergne	57,981	8/16/10	2009
	Genco Bourgogne Limited	Genco Bourgogne	57,981	8/24/10	2010
	Genco Brittany Limited	Genco Brittany	57,981	9/23/10	2010
	Genco Languedoc Limited	Genco Languedoc	57,981	9/29/10	2010
	Genco Loire Limited	Genco Loire	53,416	8/4/10	2009
	Genco Lorraine Limited	Genco Lorraine	53,416	7/29/10	2009
	Genco Normandy Limited	Genco Normandy	53,596	8/10/10	2007
	Genco Picardy Limited	Genco Picardy	55,257	8/16/10	2005
	Genco Provence Limited	Genco Provence	55,317	8/23/10	2004
	Genco Pyrenees Limited	Genco Pyrenees	57,981	8/10/10	2010
	Genco Rhone Limited	Genco Rhone	58,018	3/29/11	2011
Baltic Trading Limited [Member]	'
Entity Listings [Line Items]	'
Wholly Owned Ship-owning Subsidiaries	'
	Below is the list of Baltic Trading’s wholly owned ship-owning subsidiaries as of September 30, 2013:

	Baltic Trading’s Wholly Owned	Vessel	Dwt	Delivery Date	Year
	Subsidiaries	Vessel	Dwt	Delivery Date	Built

	Baltic Leopard Limited	Baltic Leopard	53,447	4/8/10	2009
	Baltic Panther Limited	Baltic Panther	53,351	4/29/10	2009
	Baltic Cougar Limited	Baltic Cougar	53,432	5/28/10	2009
	Baltic Jaguar Limited	Baltic Jaguar	53,474	5/14/10	2009
	Baltic Bear Limited	Baltic Bear	177,717	5/14/10	2010
	Baltic Wolf Limited	Baltic Wolf	177,752	10/14/10	2010
	Baltic Wind Limited	Baltic Wind	34,409	8/4/10	2009
	Baltic Cove Limited	Baltic Cove	34,403	8/23/10	2010
	Baltic Breeze Limited	Baltic Breeze	34,386	10/12/10	2010
	Baltic Fox Limited	Baltic Fox	31,883	9/6/13	2010
	Baltic Hare Limited	Baltic Hare	31,887	9/5/13	2009
	Baltic Lion Limited	Baltic Lion	179,185	Q4 2013 (1)	2012
	Baltic Tiger Limited	Baltic Tiger	179,185	Q4 2013 (1)	2011



	(1) Delivery dates for vessels being delivered in the future are estimates based on guidance received from the sellers.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2013
SEGMENT INFORMATION [Abstract]	'
Segment Total Voyage Revenue to Total Consolidated Voyage Revenue from External Customers	'
	The following table presents a reconciliation of total voyage revenue from external (third party) customers for the Company’s two operating segments to total consolidated voyage revenue from external customers for the Company for the three and nine months ended September 30, 2013 and 2012.

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Voyage revenue from external customers
	GS&T	$	49,503		$	47,312		$	121,755		$	154,552
	Baltic Trading		9,102			6,291			21,467			20,188
	Total operating segments		58,605			53,603			143,222			174,740
	Eliminating revenue		—			—			—			—
	Total consolidated voyage revenue from external customers	$	58,605		$	53,603		$	143,222		$	174,740
Total Intersegment Revenue	'
	The following table presents a reconciliation of total intersegment revenue, which eliminates upon consolidation, for the Company’s two operating segments for the three and nine months ended September 30, 2013 and 2012. The intersegment revenue noted in the following table represents revenue earned by GS&T pursuant to the management agreement entered into with Baltic Trading, which includes commercial service fees, technical service fees and sale and purchase fees, if any.

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Intersegment revenue
	GS&T	$	1,187		$	703		$	2,563		$	2,109
	Baltic Trading		—			—			—			—
	Total operating segments		1,187			703			2,563			2,109
	Eliminating revenue		(1,187	)		(703	)		(2,563	)		(2,109	)
	Total consolidated intersegment revenue	$	—		$	—		$	—		$	—
Segment Total Net Loss to Total Consolidated Net Loss	'
	The following table presents a reconciliation of total net loss for the Company’s two operating segments to total consolidated net loss for the three and nine months ended September 30, 2013 and 2012. The eliminating net income noted in the following table consists of the elimination of intercompany transactions between GS&T and Baltic Trading, as well as dividends received by GS&T from Baltic Trading for its Class B shares of Baltic Trading.

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Net loss
	GS&T	$	(34,277	)	$	(36,969	)	$	(125,422	)	$	(94,779	)
	Baltic Trading		(2,270	)		(4,822	)		(11,979	)		(12,942	)
	Total operating segments		(36,547	)		(41,791	)		(137,401	)		(107,721	)
	Eliminating net income		429			246			465			1,194
	Total consolidated net loss	$	(36,976	)	$	(42,037	)	$	(137,866	)	$	(108,915	)
Segment Total Assets to Total Consolidated Assets	'
	The following table presents a reconciliation of total assets for the Company’s two operating segments to total consolidated assets as of September 30, 2013 and December 31, 2012. The eliminating assets noted in the following table consist of the elimination of intercompany transactions resulting from the capitalization of fees paid to GS&T by Baltic Trading as vessel assets, including related accumulated depreciation, as well as the outstanding receivable balance due to GS&T from Baltic Trading as of September 30, 2013 and December 31, 2012.

		September 30,			December 31,
		2013			2012
	Total assets
	GS&T	$	2,384,172		$	2,482,486
	Baltic Trading		457,397			364,370
	Total operating segments		2,841,569			2,846,856
	Eliminating assets		(3,845	)		(3,485	)
	Total consolidated assets	$	2,837,724		$	2,843,371

NET_LOSS_PER_COMMON_SHARE_Tabl

NET LOSS PER COMMON SHARE (Tables)	9 Months Ended
NET LOSS PER COMMON SHARE (Tables)	Sep. 30, 2013
NET LOSS PER COMMON SHARE [Abstract]	'
Components of Denominator for Calculation of Basic and Diluted Net Loss per Share	'
	The components of the denominator for the calculation of basic net loss per share and diluted net loss per share are as follows:

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012

	Common shares outstanding, basic:
	Weighted-average common shares outstanding, basic		43,231,510			42,885,810			43,196,895			41,290,719

	Common shares outstanding, diluted:
	Weighted-average common shares outstanding, basic		43,231,510			42,885,810			43,196,895			41,290,719

	Dilutive effect of convertible notes		—			—			—			—

	Dilutive effect of restricted stock awards		—			—			—			—

	Weighted-average common shares outstanding, diluted		43,231,510			42,885,810			43,196,895			41,290,719
Net Loss Attributable to GS&T and Net Loss Attributable to GS&T for Diluted Net Loss per Share	'
	The following table sets forth a reconciliation of the net loss attributable to GS&T and the net loss attributable to GS&T for diluted net loss per share under the “if-converted” method:

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012

	Net loss attributable to GS&T	$	(35,034	)	$	(38,449	)	$	(128,566	)	$	(99,289	)

	Interest expense related to convertible notes, if dilutive		—			—			—			—

	Net loss attributable to GS&T for the computation of diluted net loss per share	$	(35,034	)	$	(38,449	)	$	(128,566	)	$	(99,289	)

DEBT_Tables

DEBT (Tables)	9 Months Ended
DEBT (Tables)	Sep. 30, 2013
DEBT [Abstract]	'
Long-term Debt	'
	Long-term debt consists of the following:

		September 30,			December 31,
		2013			2012

	2007 Credit Facility	$	1,055,912		$	1,055,912
	$100 Million Term Loan Facility		75,484			75,484
	$253 Million Term Loan Facility		180,793			180,793
	2010 Baltic Trading Credit Facility		102,250			101,250
	2013 Baltic Trading Credit Facility		22,000			—
	Less: Current portion		(1,313,689	)		—

	Long-term debt	$	122,750		$	1,413,439
Effective Interest Rate and Range of Interest Rates on Debt	'
	The following tables sets forth the effective interest rate associated with the interest expense for the Company’s debt facilities noted above, including the rate differential between the pay fixed, receive variable rate on the interest rate swap agreements that were in effect (refer to Note 11 — Interest Rate Swap Agreements), combined, the cost associated with unused commitment fees as well as the facility fee for the 2007 Credit Facility which was reduced from 2.0% to 1.0% on February 28, 2012 as noted above. Additionally, it includes the range of interest rates on the debt, excluding the impact of swaps and unused commitment fees:

		For the Three Months Ended						For the Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Effective Interest Rate		4.69	%		4.65	%		4.72	%		4.6	%
	Range of Interest Rates (excluding impact of swaps and unused commitment fees)	3.18% to 4.31		%	3.22% to 4.50		%	3.18% to 4.38		%	3.22% to 4.63		%

CONVERTIBLE_SENIOR_NOTES_Table

CONVERTIBLE SENIOR NOTES (Tables)	9 Months Ended
CONVERTIBLE SENIOR NOTES (Tables)	Sep. 30, 2013
CONVERTIBLE SENIOR NOTES [Abstract]	'
Liability and Equity Components of Convertible Notes	'
	The following tables provide additional information about the Company’s 2010 Notes:

		September 30,			December 31,
		2013			2012
	Carrying amount of the equity component (additional paid-in capital)	$	24,375		$	24,375
	Principal amount of the 2010 Notes		125,000			125,000
	Unamortized discount of the liability component		10,429			14,082
	Net carrying amount of the liability component		114,571			110,918
Effective Interest Rate, Cash and Non-cash Interest Expense and Deferred Financing Cost Amortization	'
	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
		2013			2012			2013			2012
	Effective interest rate on liability component		10	%		10	%		10	%		10	%
	Cash interest expense recognized	$	1,575		$	1,580		$	4,687		$	4,696
	Non-cash interest expense recognized		1,265			1,158			3,653			3,345
	Non-cash deferred financing amortization costs included in interest expense		181			181			537			540

INTEREST_RATE_SWAP_AGREEMENTS_

INTEREST RATE SWAP AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2013

INTEREST RATE SWAP AGREEMENTS [Abstract]

Interest Rate Swaps Designated as Cash Flow Hedges

The following table summarizes the interest rate swaps designated as cash flow hedges that were in place as of September 30, 2013 and December 31, 2012:

September 30,

December 31,

2013

2012

Interest Rate Swap Detail

Notional

Trade

Fixed

Start Date

End date

Amount

Date

Rate

of Swap

Outstanding

9/6/05

4.485

9/14/05

7/29/15

106,233

3/29/06

5.25

1/2/07

1/1/14

50,000

3/24/06

5.075

1/2/08

1/2/13

—

50,000

1/9/09

2.05

1/22/09

1/22/14

100,000

2/11/09

2.45

2/23/09

2/23/14

50,000

306,233

356,233

Derivative Asset and Liability Balances

The following table summarizes the derivative asset and liability balances at September 30, 2013 and December 31, 2012:

Asset Derivatives

Liability Derivatives

Balance

Fair Value

Balance

Fair Value

Sheet

September 30,

December

Sheet

September 30,

December

Location

2013

31, 2012

Location

2013

31, 2012

Derivatives designated as hedging instruments

Interest rate contracts

Fair value of derivative instruments (Current Assets)

—

Fair value of derivative instruments (Current Liabilities)

9,292

Interest rate contracts

Fair value of derivative instruments (Noncurrent Assets)

—

Fair value of derivative instruments (Noncurrent Liabilities)

—

16,045

Total derivatives designated as hedging instruments

—

9,292

16,052

Total Derivatives

—

9,292

16,052

Impact of Derivative Instruments and Location in Consolidated Statement of Operations

The following tables present the impact of derivative instruments and their location within the Condensed Consolidated Statement of Operations:

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Three-Month Period Ended September 30, 2013

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2013

Portion)

2013

Portion)

2013

Interest rate contracts

(439

)

Interest Expense

(2,515

)

Other Income (Expense)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Three-Month Period Ended September 30, 2012

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2012

Portion)

2012

Portion)

2012

Interest rate contracts

(1,434

)

Interest Expense

(2,959

)

Other Income (Expense)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Nine-Month Period Ended September 30, 2013

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2013

Portion)

2013

Portion)

2013

Interest rate contracts

(668

)

Interest Expense

(7,431

)

Other Income (Expense)

)

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Nine-Month Period Ended September 30, 2012

Derivatives in Cash

Amount of

Location of

Amount of

Location of

Amount of

Flow Hedging

Gain (Loss)

Recognized

Reclassified

Recognized in

in AOCI on

from AOCI

Income on

Derivative

into income

Derivative

(Effective

(Ineffective

Portion)

Relationships

2012

Portion)

2012

Portion)

2012

Interest rate contracts

(3,999

)

Interest Expense

(10,392

)

Other Income (Expense)

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Sep. 30, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]	'
Changes in AOCI by Component	'
	The components of AOCI included in the accompanying condensed consolidated balance sheets consist of net unrealized gain (loss) on cash flow hedges and net unrealized gain from investments in Jinhui stock as of September 30, 2013 and December 31, 2012.

	Changes in AOCI by Component
	For the Nine-Month Period Ended September 30, 2013

		Net Unrealized				Net Unrealized		Total
		Gain (Loss) on				Gain
		Cash Flow				on
		Hedges				Investments
	AOCI — January 1, 2013	$	(16,057	)		$	4,216	$	(11,841	)

	OCI before reclassifications		14,194				20,841		35,035
	Amounts reclassified from AOCI		(7,431	)			—		(7,431	)
	Net current-period OCI		6,763				20,841		27,604

	AOCI — September 30, 2013	$	(9,294	)		$	25,057	$	15,763
Reclassifications Out of AOCI	'
	Reclassifications Out of AOCI
	For the Nine-Month Period Ended September 30, 2013

	Details about AOCI Components	Amount			Affected Line Item in
		Reclassified from			the Statement Where
		AOCI			Net Loss is Presented
	Gains and losses on cash flow hedges
	Interest rate contracts	$	7,431		Interest expense

	Total reclassifications for the period	$	7,431

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Fair Value of Financial Instruments

30-Sep-13

31-Dec-12

Carrying

Fair Value

Carrying

Fair Value

Value

Cash and cash equivalents

109,492

72,600

Restricted cash

10,150

Floating rate debt

1,436,439

See below

1,413,439

2010 Notes

114,571

63,438

110,918

44,375

Fair Values of Financial Assets and Liabilities

As of September 30, 2013 and December 31, 2012, the fair values of the Company’s financial assets and liabilities are categorized as follows:

30-Sep-13

Total

Quoted

Significant

Market

Other

Prices in

Observable

Active

Inputs

Markets

(Level 2)

(Level 1)

Investments

41,829

—

Derivative instruments — liability position

9,292

—

9,292

31-Dec-12

Total

Quoted

Significant

Market

Other

Prices in

Observable

Active

Inputs

Markets

(Level 2)

(Level 1)

Investments

20,988

—

Derivative instruments — liability position

16,052

—

16,052

PREPAID_EXPENSES_AND_OTHER_CUR1

PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2013
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS [Abstract]	'
Prepaid Expenses and Other Current Assets	'
	Prepaid expenses and other current assets consist of the following:

		September 30,		December 31,
		2013		2012
	Lubricant inventory, fuel oil and diesel oil inventory and other stores	$	10,989	$	10,322
	Prepaid items		3,953		5,067
	Insurance receivable		1,352		1,817
	Other		2,096		940
	Total prepaid expenses and other current assets	$	18,390	$	18,146

OTHER_ASSETS_NET_Tables

OTHER ASSETS, NET (Tables)	9 Months Ended
OTHER ASSETS, NET (Tables)	Sep. 30, 2013
OTHER ASSETS, NET [Abstract]	'
Total Net Deferred Financing Costs	'
	Other assets consist of deferred financing costs, which include fees, commissions and legal expenses associated with securing loan facilities and other debt offerings and amending existing loan facilities. Total net deferred financing costs consist of the following as of September 30, 2013 and December 31, 2012:

		September 30,		December 31,
		2013		2012

	2007 Credit Facility	$	29,568	$	29,568
	$100 Million Term Loan Facility		1,783		1,783
	$253 Million Term Loan Facility		4,708		4,708
	2010 Notes		3,637		3,637
	2010 Baltic Trading Credit Facility		3,339		3,027
	2013 Baltic Trading Credit Facility		507		—
	Total deferred financing costs		43,542		42,723
	Less: accumulated amortization		20,025		13,162
	Total	$	23,517	$	29,561

FIXED_ASSETS_Tables

FIXED ASSETS (Tables)	9 Months Ended
FIXED ASSETS (Tables)	Sep. 30, 2013
FIXED ASSETS [Abstract]	'
Fixed Assets	'
	Fixed assets consist of the following:

		September 30,		December
		2013		31, 2012
	Fixed assets, at cost:
	Vessel equipment	$	3,622	$	3,043
	Leasehold improvements		3,823		3,823
	Furniture and fixtures		997		997
	Computer equipment		754		706
	Total costs		9,196		8,569
	Less: accumulated depreciation and amortization		3,998		3,311
	Total	$	5,198	$	5,258

ACCOUNTS_PAYABLE_AND_ACCRUED_E1

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2013
ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]	'
Accounts Payable and Accrued Expenses	'
	Accounts payable and accrued expenses consist of the following:

		September 30,		December
		2013		31, 2012
	Accounts payable	$	4,617	$	4,477
	Accrued general and administrative expenses		10,190		8,803
	Accrued vessel operating expenses		9,688		10,387
	Total	$	24,495	$	23,667

NONVESTED_STOCK_AWARDS_Tables

NONVESTED STOCK AWARDS (Tables)	9 Months Ended
NONVESTED STOCK AWARDS (Tables)	Sep. 30, 2013
2005 and 2012 GS&T Plans [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Summary of Nonvested Stock Awards	'
	For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the GS&T Plans, which is included in general, administrative and management fees, as follows:

		For the Three Months Ended							For the Nine Months Ended
		September 30,							September 30,
		2013				2012			2013			2012
	General, administrative, and management fees		$	749			$	1,069		$	2,314		$	3,214
Nonvested Stock Amortization Expense	'
	For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:

		For the Three Months Ended							For the Nine Months Ended
		September 30,							September 30,
		2013				2012			2013			2012
	General, administrative, and management fees		$	341			$	403		$	1,156		$	1,377
Baltic Trading Plan [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Summary of Nonvested Stock Awards	'
	The table below summarizes the Company’s nonvested stock awards for the nine months ended September 30, 2013 under the Genco Shipping & Trading Limited 2005 and 2012 Equity Incentive Plans (the “GS&T Plans”):

			Number of				Weighted
			Shares				Average Grant
							Date Price
	Outstanding at January 1, 2013			1,108,762			$	9.47
	Granted			200,634				1.57
	Vested			(70,000	)			2.86
	Forfeited			(21,500	)			5.53

	Outstanding at September 30, 2013			1,217,896			$	8.61
Nonvested Stock Amortization Expense	'
	The following table presents a summary of Baltic Trading’s nonvested stock awards for the nine months ended September 30, 2013 under the Baltic Trading Limited 2010 Equity Incentive Plan (the “Baltic Trading Plan”):

			Number of Baltic				Weighted
			Trading				Average Grant
			Common				Date Price
			Shares
	Outstanding at January 1, 2013			664,249			$	7.7
	Granted			59,680				3.77
	Vested			(166,500	)			10.76
	Forfeited			—				—

	Outstanding at September 30, 2013			557,429			$	6.37

GENERAL_INFORMATION_Details

GENERAL INFORMATION (Details)	Sep. 30, 2013
GENERAL INFORMATION (Details)	t
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Reliance [Member]	'
Vessels [Line Items]	'
Capacity of vessels	29,952
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Vigour [Member]	'
Vessels [Line Items]	'
Capacity of vessels	73,941
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Explorer [Member]	'
Vessels [Line Items]	'
Capacity of vessels	29,952
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Carrier [Member]	'
Vessels [Line Items]	'
Capacity of vessels	47,180
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Sugar [Member]	'
Vessels [Line Items]	'
Capacity of vessels	29,952
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Pioneer [Member]	'
Vessels [Line Items]	'
Capacity of vessels	29,952
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Progress [Member]	'
Vessels [Line Items]	'
Capacity of vessels	29,952
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Wisdom [Member]	'
Vessels [Line Items]	'
Capacity of vessels	47,180
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Success [Member]	'
Vessels [Line Items]	'
Capacity of vessels	47,186
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Beauty [Member]	'
Vessels [Line Items]	'
Capacity of vessels	73,941
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Knight [Member]	'
Vessels [Line Items]	'
Capacity of vessels	73,941
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Leader [Member]	'
Vessels [Line Items]	'
Capacity of vessels	73,941
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Marine [Member]	'
Vessels [Line Items]	'
Capacity of vessels	45,222
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Prosperity [Member]	'
Vessels [Line Items]	'
Capacity of vessels	47,180
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Muse [Member]	'
Vessels [Line Items]	'
Capacity of vessels	48,913
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Acheron [Member]	'
Vessels [Line Items]	'
Capacity of vessels	72,495
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Surprise [Member]	'
Vessels [Line Items]	'
Capacity of vessels	72,495
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Augustus [Member]	'
Vessels [Line Items]	'
Capacity of vessels	180,151
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Tiberius [Member]	'
Vessels [Line Items]	'
Capacity of vessels	175,874
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco London [Member]	'
Vessels [Line Items]	'
Capacity of vessels	177,833
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Titus [Member]	'
Vessels [Line Items]	'
Capacity of vessels	177,729
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Challenger [Member]	'
Vessels [Line Items]	'
Capacity of vessels	28,428
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Charger [Member]	'
Vessels [Line Items]	'
Capacity of vessels	28,398
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Warrior [Member]	'
Vessels [Line Items]	'
Capacity of vessels	55,435
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Predator [Member]	'
Vessels [Line Items]	'
Capacity of vessels	55,407
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Hunter [Member]	'
Vessels [Line Items]	'
Capacity of vessels	58,729
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Champion [Member]	'
Vessels [Line Items]	'
Capacity of vessels	28,445
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Constantine [Member]	'
Vessels [Line Items]	'
Capacity of vessels	180,183
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Raptor [Member]	'
Vessels [Line Items]	'
Capacity of vessels	76,499
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Cavalier [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,617
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Thunder [Member]	'
Vessels [Line Items]	'
Capacity of vessels	76,588
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Hadrian [Member]	'
Vessels [Line Items]	'
Capacity of vessels	169,694
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Commodus [Member]	'
Vessels [Line Items]	'
Capacity of vessels	169,025
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Maximus [Member]	'
Vessels [Line Items]	'
Capacity of vessels	169,025
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Claudius [Member]	'
Vessels [Line Items]	'
Capacity of vessels	169,025
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Bay [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,296
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Ocean [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,409
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Avra [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,391
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Mare [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,428
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Spirit [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,432
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Aquitaine [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Ardennes [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Auvergne [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Bourgogne [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Brittany [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Languedoc [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Loire [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,416
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Lorraine [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,416
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Normandy [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,596
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Picardy [Member]	'
Vessels [Line Items]	'
Capacity of vessels	55,257
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Provence [Member]	'
Vessels [Line Items]	'
Capacity of vessels	55,317
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Pyrenees [Member]	'
Vessels [Line Items]	'
Capacity of vessels	57,981
GS&T and wholly-owned subsidiaries excluding Baltic Trading Limited [Member] \| Genco Rhone [Member]	'
Vessels [Line Items]	'
Capacity of vessels	58,018
Baltic Leopard Limited [Member] \| Baltic Leopard [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,447
Baltic Panther Limited [Member] \| Baltic Panther [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,351
Baltic Cougar Limited [Member] \| Baltic Cougar [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,432
Baltic Jaguar Limited [Member] \| Baltic Jaguar [Member]	'
Vessels [Line Items]	'
Capacity of vessels	53,474
Baltic Bear Limited [Member] \| Baltic Bear [Member]	'
Vessels [Line Items]	'
Capacity of vessels	177,717
Baltic Wolf Limited [Member] \| Baltic Wolf [Member]	'
Vessels [Line Items]	'
Capacity of vessels	177,752
Baltic Wind Limited [Member] \| Baltic Wind [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,409
Baltic Cove Limited [Member] \| Baltic Cove [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,403
Baltic Breeze Limited [Member] \| Baltic Breeze [Member]	'
Vessels [Line Items]	'
Capacity of vessels	34,386
Baltic Fox Limited [Member] \| Baltic Fox [Member]	'
Vessels [Line Items]	'
Capacity of vessels	31,883
Baltic Hare Limited [Member] \| Baltic Hare [Member]	'
Vessels [Line Items]	'
Capacity of vessels	31,887
Baltic Lion Limited [Member] \| Baltic Lion [Member]	'
Vessels [Line Items]	'
Capacity of vessels	179,185	[1]
Baltic Tiger Limited [Member] \| Baltic Tiger [Member]	'
Vessels [Line Items]	'
Capacity of vessels	179,185	[1]

[1]	Delivery dates for vessels being delivered in the future are estimates based on guidance received from the sellers.

GENERAL_INFORMATION_Details_2

GENERAL INFORMATION (Details 2) (USD $)

9 Months Ended

1 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2012

Sep. 30, 2013

Jul. 27, 2010

Sep. 30, 2013

Sep. 25, 2013

28-May-13

Sep. 25, 2013

28-May-13

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Derivative

5.00% Convertible Senior Notes [Member]

$100 Million Term Loan Facility [Member]

$253 Million Term Loan Facility [Member]

Baltic Trading Limited [Member]

MEP [Member]

Genco Investment LLC [Member]

Class B stock [Member]

Baltic Trading Limited [Member]

Minimum [Member]

Class B stock [Member]

Class of Stock [Line Items]

Issuance of common stock (in shares)

7,500,000

13,800,000

6,419,217

276,000

128,383

Offering price (in dollars per share)

$4.60

$3.60

Net proceeds after deducting underwriters' fees and expenses

$49,874

$59,481

$21,560

Number of shares owned by Genco Investment LLC (in shares)

6,103,471

5,699,088

Ownership interest held (in hundredths)

13.97%

24.78%

10.00%

Aggregate voting power held (in hundredths)

70.90%

83.17%

Percentage of additional shares to be received by Genco Investment LLC (in hundredths)

2.00%

Percentage of additional shares received from subsidiary (in hundredths)

2.00%

Technical services fee per ship per day

750

Notice period for cancellation of provision of technical services

'60 days

Period for termination fee upon change of control

'1 year

Notice period for cancellation of provision of technical services by company

'60 days

Interest rate on convertible notes (in hundredths)

5.00%

Face amount of term loan facility

$100,000

$253,000

Number of interest rate swaps previously classified as a long-term liability

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Deferred Revenue [Abstract]	'	'	'	'	'
Accrual related to estimated customer claims	$323	'	$323	'	$407
Voyage Expense Recognition [Abstract]	'	'	'	'	'
Net (losses) gains on purchase and sale of bunker fuel	-296	242	47	1,665	'
Income Taxes [Line Items]	'	'	'	'	'
Total revenue earned	828	828	2,457	2,466	'
Taxable income	-36,497	-41,734	-136,869	-107,997	'
Income tax expense	479	303	997	918	'
Baltic Trading [Member] \| United States [Member]	'	'	'	'	'
Income Taxes [Line Items]	'	'	'	'	'
Taxable income	420	200	1,059	1,321	'
Income tax expense	8	4	22	26	'
Vessel Management Services [Member]	'	'	'	'	'
Income Taxes [Line Items]	'	'	'	'	'
Total revenue earned	2,010	1,530	5,015	4,575	'
Taxable income	1,045	664	2,262	1,985	'
Income tax expense	471	299	975	892	'
Vessel Management Services [Member] \| Intersegment Elimination [Member]	'	'	'	'	'
Income Taxes [Line Items]	'	'	'	'	'
Total revenue earned	772	703	2,148	2,109	'
Baltic Trading Limited [Member]	'	'	'	'	'
Noncontrolling Interest [Line Items]	'	'	'	'	'
Economic interest held by noncontrolling interest (in hundredths)	86.03%	'	86.03%	'	75.22%
Voting power (in hundredths)	29.10%	'	29.10%	'	16.83%
Vessels [Member]	'	'	'	'	'
Vessels [Line Items]	'	'	'	'	'
Estimated useful life	'	'	'25 years	'	'
Depreciation expense	$33,591	$33,462	$99,432	$99,646	'
Estimated scrap value (in dollars per lightweight ton)	'	'	245	'	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	Sep. 30, 2013	Sep. 30, 2012	Segment	Sep. 30, 2012	Dec. 31, 2012
SEGMENT INFORMATION [Abstract]	'	'	'	'	'
Number of operating segments	'	'	2	'	'
Voyage Revenue from External Customers [Abstract]	'	'	'	'	'
Total consolidated voyage revenue from external customers	$58,605	$53,603	$143,222	$174,740	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	59,433	54,431	145,679	177,206	'
Net Loss [Abstract]	'	'	'	'	'
Total consolidated net loss	-36,976	-42,037	-137,866	-108,915	'
Total Assets [Abstract]	'	'	'	'	'
Total consolidated assets	2,837,724	'	2,837,724	'	2,843,371
Intersegment Revenue [Member]	'	'	'	'	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	0	0	0	0	'
Operating segments [Member]	'	'	'	'	'
Voyage Revenue from External Customers [Abstract]	'	'	'	'	'
Total consolidated voyage revenue from external customers	58,605	53,603	143,222	174,740	'
Net Loss [Abstract]	'	'	'	'	'
Total consolidated net loss	-36,547	-41,791	-137,401	-107,721	'
Total Assets [Abstract]	'	'	'	'	'
Total consolidated assets	2,841,569	'	2,841,569	'	2,846,856
Operating segments [Member] \| Intersegment Revenue [Member]	'	'	'	'	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	1,187	703	2,563	2,109	'
GS & T [Member]	'	'	'	'	'
Voyage Revenue from External Customers [Abstract]	'	'	'	'	'
Total consolidated voyage revenue from external customers	49,503	47,312	121,755	154,552	'
Net Loss [Abstract]	'	'	'	'	'
Total consolidated net loss	-34,277	-36,969	-125,422	-94,779	'
Total Assets [Abstract]	'	'	'	'	'
Total consolidated assets	2,384,172	'	2,384,172	'	2,482,486
GS & T [Member] \| Intersegment Revenue [Member]	'	'	'	'	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	1,187	703	2,563	2,109	'
Baltic Trading [Member]	'	'	'	'	'
Voyage Revenue from External Customers [Abstract]	'	'	'	'	'
Total consolidated voyage revenue from external customers	9,102	6,291	21,467	20,188	'
Net Loss [Abstract]	'	'	'	'	'
Total consolidated net loss	-2,270	-4,822	-11,979	-12,942	'
Total Assets [Abstract]	'	'	'	'	'
Total consolidated assets	457,397	'	457,397	'	364,370
Baltic Trading [Member] \| Intersegment Revenue [Member]	'	'	'	'	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	0	0	0	0	'
Intersegment Elimination [Member]	'	'	'	'	'
Voyage Revenue from External Customers [Abstract]	'	'	'	'	'
Total consolidated voyage revenue from external customers	0	0	0	0	'
Net Loss [Abstract]	'	'	'	'	'
Total consolidated net loss	429	246	465	1,194	'
Total Assets [Abstract]	'	'	'	'	'
Total consolidated assets	-3,845	'	-3,845	'	-3,485
Intersegment Elimination [Member] \| Intersegment Revenue [Member]	'	'	'	'	'
Intersegment Revenue [Abstract]	'	'	'	'	'
Total consolidated intersegment revenue	($1,187)	($703)	($2,563)	($2,109)	'

CASH_FLOW_INFORMATION_Details

CASH FLOW INFORMATION (Details) (USD $)

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

16-May-13

17-May-12

16-May-13

17-May-12

Derivative

Current Liabilities [Member]

Accounts Payable and Accrued Expenses [Member]

Current Interest Payable [Member]

Long Term Interest Payable [Member]

Directors [Member]

Genco Shipping and Trading Limited 2012 Equity Incentive Plan [Member]

Genco Shipping and Trading Limited 2005 Equity Incentive Plan [Member]

Baltic Trading Limited [Member]

CASH FLOW INFORMATION [Abstract]

Number of interest rate swaps

Non-cash investing activities purchase of other fixed assets

$200

$77

Non-cash financing activities common stock issuance costs

280

Non-cash investing activities purchase of vessels

Cash paid for interest

58,043

61,632

Cash paid for estimated income tax

775

926

Related Party Transaction [Line Items]

Nonvested common stock granted (in shares)

200,634

15,000

59,680

12,500

Fair value of nonvested stock

315

225

Derivatives, Fair Value [Line Items]

Fair value of swaps

9,292

16,052

Non-cash financing activities deferred financing costs

$123

$246

$13,199

VESSEL_ACQUISITIONS_AND_DISPOS1

VESSEL ACQUISITIONS AND DISPOSITIONS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jul. 02, 2013
					Handysize Drybulk Vessels [Member]
					Baltic Trading Limited [Member]
					Vessel
Significant Acquisitions and Disposals [Line Items]	'	'	'	'	'
Number of vessels acquired	'	'	'	'	2
Aggregate purchase price	'	'	'	'	$41,000
Amortization of time charters acquired	$51	$187	$283	$558	'

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Schedule of Investments [Line Items]	'	'	'	'	'
Fair value of investment in capital stock	$41,829	'	$41,829	'	$20,988
Jinhui Shipping and Transportation Limited [Member]	'	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'	'
Investment in the capital stock of Jinhui (in shares)	16,335,100	'	16,335,100	'	16,335,100
Fair value of investment in capital stock	41,829	'	41,829	'	20,988
Impairment of investment	$0	$0	$0	$0	'

NET_LOSS_PER_COMMON_SHARE_Deta

NET LOSS PER COMMON SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
NET LOSS PER COMMON SHARE [Abstract]	'	'	'	'
Nonvested shares outstanding (in shares)	1,217,896	'	1,217,896	'
Anti-dilutive shares (in shares)	'	'	1,217,896	'
Common shares outstanding, basic:	'	'	'	'
Weighted average common shares outstanding-basic (in shares)	43,231,510	42,885,810	43,196,895	41,290,719
Common shares outstanding, diluted:	'	'	'	'
Dilutive effect of convertible notes (in shares)	0	0	0	0
Dilutive effect of restricted stock awards (in shares)	0	0	0	0
Weighted average common shares outstanding-diluted (in shares)	43,231,510	42,885,810	43,196,895	41,290,719
Reconciliation of the net loss attributable to GS&T and the net loss attributable to GS&T for diluted net loss per share [Abstract]	'	'	'	'
Net loss attributable to GS&T	($35,034)	($38,449)	($128,566)	($99,289)
Interest expense related to convertible notes, if dilutive	0	0	0	0
Net loss attributable to GS&T for the computation of diluted net loss per share	($35,034)	($38,449)	($128,566)	($99,289)

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

General Maritime Corporation [Member]

Constantine Georgiopoulos [Member]

MEP [Member]

Aegean Marine Petroleum Network Inc [Member]

Related Party Transaction [Line Items]

Revenue from related party

$828

$2,457

$2,466

$2,457

$2,466

Expenses incurred from transactions with related party

1,022

1,170

Amount due to the entity from a related party

Amount due to the related party

139

278

Amount invoiced for services performed and expenses paid

110

140

2,570

2,541

Amount invoiced for services performed and expenses paid in advance

$70

DEBT_Details

DEBT (Details) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Aug. 31, 2012

Feb. 29, 2012

Dec. 31, 2011

Sep. 30, 2013

Dec. 31, 2012

Aug. 01, 2012

Sep. 30, 2013

Dec. 31, 2012

Aug. 12, 2010

Sep. 30, 2013

Dec. 31, 2012

Aug. 20, 2010

Aug. 31, 2013

Sep. 30, 2013

Aug. 29, 2013

Dec. 31, 2012

Nov. 30, 2010

Apr. 16, 2010

Sep. 30, 2013

Aug. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

August 2012 Credit Facility Agreements [Member]

2007 Credit Facility [Member]

$100 Million Term Loan Facility [Member]

$253 Million Term Loan Facility [Member]

2010 Baltic Trading Credit Facility [Member]

2013 Baltic Trading Credit Facility [Member]

August 2012 Credit Facility Agreements [Member]

Vessel

Reduction

Draw

Baltic Hare [Member]

Baltic Fox [Member]

Installment

Line of Credit Facility [Line Items]

Long-term debt, gross

$1,055,912

$75,484

$180,793

$102,250

$101,250

$22,000

Less: Current portion

-1,313,689

Long-term debt

122,750

1,413,439

Maximum borrowing capacity

1,055,912

100,000

253,000

110,000

150,000

100,000

22,000

Ratio of interest-bearing indebtedness to the sum of interest-bearing indebtedness and consolidated net worth (in hundredths)

62.50%

Applicable margin over reference rate for interest payable, before increase (in hundredths)

2.00%

Applicable margin over reference rate for interest payable (in hundredths)

3.00%

3.35%

Minimum cash balance required per vessel mortgaged, before increase

500

Minimum cash balance required per vessel mortgaged

750

Outstanding debt classified as a current liability

1,055,912

75,484

180,793

Facility fee (in hundredths)

1.00%

2.00%

Reduction in facility fee if equity offering results in desired gross proceeds (in hundredths)

1.00%

Proceeds to be received on issuance of common stock

50,000

Amount of letters of credit issued

Issuance of common stock (in shares)

7,500,000

Gross proceeds from issuance of common stock

50,721

53,250

Number of vessels acquired

Remaining borrowing capacity

7,750

25,000

Amount of drawdowns

22,000

10,730

11,270

Restricted cash

9,850

9,750

Number of consecutive semi-annual reduction in the total commitment

Amount of semi-annual reduction in maximum borrowing capacity through the maturity date

5,000

Applicable margin over reference rate for condition one (in hundredths)

3.00%

Ratio of maximum facility amount to aggregate appraised value of vessels mortgaged (in hundredths)

55.00%

Applicable margin over reference rate for condition two (in hundredths)

3.35%

Maturity date

4-Sep-19

Commitment fee percentage (in hundredths)

1.00%

Number of quarterly installments

Amount of periodic payment

375

Period after latest vessel delivery date for first periodic repayment

'3 months

Final payment on maturity date

13,375

Earnings to be maintained under liquidity covenants

500

Cash or cash equivalents plus undrawn working capital lines of credit to be maintained per vessel

750

Maximum ratio of financial indebtedness to total assets (in hundredths)

70.00%

Consolidated net worth threshold, base amount

232,796

Consolidated net worth threshold, percentage of the value of any subsequent primary equity offerings (in hundredths)

50.00%

Aggregate fair market value of the mortgaged vessels as a percentage of amount outstanding through August 30, 2016 (in hundredths)

130.00%

Aggregate fair market value of the mortgaged vessels as a percentage of amount outstanding after August 30, 2016 (in hundredths)

135.00%

Number of drawdowns

Interest Rates [Abstract]

Effective Interest Rate (in hundredths)

4.69%

4.65%

4.72%

4.60%

Range of Interest Rates, minimum (excluding impact of swaps and unused commitment fees) (in hundredths)

3.18%

3.22%

3.18%

3.22%

Range of Interest Rates, maximum (excluding impact of swaps and unused commitment fees) (in hundredths)

4.31%

4.50%

4.38%

4.63%

Prepayment fee (in hundredths)

1.25%

Interest payable

$13,199

CONVERTIBLE_SENIOR_NOTES_Detai

CONVERTIBLE SENIOR NOTES (Details) (USD $)	3 Months Ended		9 Months Ended
CONVERTIBLE SENIOR NOTES (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Jul. 27, 2010
Debt Instrument [Line Items]	'	'	'	'	'	'
Non-cash interest expense recognized	'	'	$3,653,000	$3,345,000	'	'
Non-cash deferred financing amortization costs included in interest expense	3,171,000	1,596,000	6,862,000	3,555,000	'	'
5.00% Convertible Senior Notes [Member]	'	'	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'	'	'
Interest rate on convertible notes (in hundredths)	5.00%	'	5.00%	'	'	5.00%
Carrying amount of the equity component (additional paid-in capital)	24,375,000	'	24,375,000	'	24,375,000	'
Principal amount of the 2010 Notes	125,000,000	'	125,000,000	'	125,000,000	125,000,000
Unamortized discount of the liability component	10,429,000	'	10,429,000	'	14,082,000	'
Net carrying amount of the liability component	114,571,000	'	114,571,000	'	110,918,000	'
Effective interest rate on liability component (in hundredths)	10.00%	10.00%	10.00%	10.00%	'	'
Cash interest expense recognized	1,575,000	1,580,000	4,687,000	4,696,000	'	'
Non-cash interest expense recognized	1,265,000	1,158,000	3,653,000	3,345,000	'	'
Non-cash deferred financing amortization costs included in interest expense	181,000	181,000	537,000	540,000	'	'
Remaining period over which the unamortized discount will be recognized	'	'	'1 year 10 months 13 days	'	'	'
Non-payment of minimum indebtedness at final maturity for default	$50,000,000	'	$50,000,000	'	'	'

INTEREST_RATE_SWAP_AGREEMENTS_1

INTEREST RATE SWAP AGREEMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
INTEREST RATE SWAP AGREEMENTS [Abstract]	'	'	'	'	'
Number of interest rate swap agreements outstanding	4	'	4	'	5
Derivative [Line Items]	'	'	'	'	'
Number of interest rate swaps previously classified as a long-term liability	1	'	1	'	'
Amount of AOCI expected to be reclassified into interest expense over the next 12 months	($6,012)	'	($6,012)	'	'
Number of vessels mortgaged	35	'	35	'	'
Notional amount outstanding	306,233	'	306,233	'	356,233
Aggregate amount of collateral	100,000	'	100,000	'	'
Asset Derivatives [Abstract]	'	'	'	'	'
Total Derivatives	0	'	0	'	0
Liability Derivatives [Abstract]	'	'	'	'	'
Fair value of derivative instruments (Current Liabilities)	9,292	'	9,292	'	7
Fair value of derivative instruments (Noncurrent Liabilities)	0	'	0	'	16,045
Total Derivatives	9,292	'	9,292	'	16,052
Designated as Hedging Instrument [Member]	'	'	'	'	'
Asset Derivatives [Abstract]	'	'	'	'	'
Total Derivatives	0	'	0	'	0
Liability Derivatives [Abstract]	'	'	'	'	'
Total Derivatives	9,292	'	9,292	'	16,052
Interest Rate Contracts [Member] \| Designated as Hedging Instrument [Member]	'	'	'	'	'
Asset Derivatives [Abstract]	'	'	'	'	'
Fair value of derivative instruments (Current Assets)	0	'	0	'	0
Fair value of derivative instruments (Noncurrent Assets)	0	'	0	'	0
Liability Derivatives [Abstract]	'	'	'	'	'
Fair value of derivative instruments (Current Liabilities)	9,292	'	9,292	'	7
Fair value of derivative instruments (Noncurrent Liabilities)	0	'	0	'	16,045
Impact of Derivative Instruments and Location in Income Statement [Abstract]	'	'	'	'	'
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)	-439	-1,434	-668	-3,999	'
Interest Rate Contracts [Member] \| Designated as Hedging Instrument [Member] \| Interest Expense [Member]	'	'	'	'	'
Impact of Derivative Instruments and Location in Income Statement [Abstract]	'	'	'	'	'
Amount of Gain (Loss) Reclassified from AOCI into income (Effective Portion)	-2,515	-2,959	-7,431	-10,392	'
Interest Rate Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Income (Expense) [Member]	'	'	'	'	'
Impact of Derivative Instruments and Location in Income Statement [Abstract]	'	'	'	'	'
Amount of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)	2	30	-3	76	'
Interest Rate Swap, 4.485% [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Notional amount outstanding	106,233	'	106,233	'	106,233
Fixed rate (in hundredths)	4.49%	'	4.49%	'	'
Interest Rate Swap, 5.25% [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Notional amount outstanding	50,000	'	50,000	'	50,000
Fixed rate (in hundredths)	5.25%	'	5.25%	'	'
Interest Rate Swap, 5.075% [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Notional amount outstanding	0	'	0	'	50,000
Fixed rate (in hundredths)	5.08%	'	5.08%	'	'
Interest Rate Swap, 2.05% [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Notional amount outstanding	100,000	'	100,000	'	100,000
Fixed rate (in hundredths)	2.05%	'	2.05%	'	'
Interest Rate Swap, 2.45% [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Notional amount outstanding	$50,000	'	$50,000	'	$50,000
Fixed rate (in hundredths)	2.45%	'	2.45%	'	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
AOCI at the beginning of the period	($11,841)
OCI before reclassifications	35,035
Amounts reclassified from AOCI	-7,431
Net current-period OCI	27,604
AOCI at the end of the period	15,763
Net Unrealized Gain (Loss) on Cash Flow Hedges [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
AOCI at the beginning of the period	-16,057
OCI before reclassifications	14,194
Amounts reclassified from AOCI	-7,431
Net current-period OCI	6,763
AOCI at the end of the period	-9,294
Net Unrealized Gain on Investments [Member]	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'
AOCI at the beginning of the period	4,216
OCI before reclassifications	20,841
Amounts reclassified from AOCI	0
Net current-period OCI	20,841
AOCI at the end of the period	$25,057

ACCUMULATED_OTHER_COMPREHENSIV3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Interest expense	$23,079	$21,546	$65,922	$65,160
Net loss attributable to Genco Shipping & Trading Limited	36,976	42,037	137,866	108,915
Amount Reclassified from Accumulated Other Comprehensive Income [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Net loss attributable to Genco Shipping & Trading Limited	'	'	7,431	'
Gains and Losses on Cash Flow Hedges [Member] \| Amount Reclassified from Accumulated Other Comprehensive Income [Member] \| Interest Rate Contracts [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'	'	'
Interest expense	'	'	$7,431	'

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Aug. 12, 2010

Sep. 30, 2013

Dec. 31, 2012

Aug. 20, 2010

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Quoted Market Prices in Active Markets (Level 1) [Member]

Significant Other Observable Inputs (Level 2) [Member]

$100 Million Term Loan Facility [Member]

$253 Million Term Loan Facility [Member]

Carrying Value [Member]

Fair value [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

$109,492

$72,600

$109,492

$72,600

Restricted cash

9,850

9,750

10,150

Floating rate debt

75,484

180,793

1,436,439

1,413,439

2010 Notes

114,571

110,918

63,438

44,375

Face amount of term loan facility

100,000

253,000

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments

41,829

20,988

41,829

20,988

Derivative instruments - liability position

$9,292

$16,052

$9,292

$16,052

Period to determine fair value inputs for valuation

'2 years

PREPAID_EXPENSES_AND_OTHER_CUR2

PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS [Abstract]	'	'
Lubricant inventory, fuel oil and diesel oil inventory and other stores	$10,989	$10,322
Prepaid items	3,953	5,067
Insurance receivable	1,352	1,817
Other	2,096	940
Total prepaid expenses and other current assets	18,390	18,146
Security deposit related to operating lease included in other noncurrent assets	$514	$514

OTHER_ASSETS_NET_Details

OTHER ASSETS, NET (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Jul. 27, 2010
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	$43,542	'	$43,542	'	$42,723	'
Less: accumulated amortization	20,025	'	20,025	'	13,162	'
Total	23,517	'	23,517	'	29,561	'
Amortization of deferred financing costs	3,171	1,596	6,862	3,555	'	'
2010 Notes [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	3,637	'	3,637	'	3,637	'
Face value of debt	125,000	'	125,000	'	125,000	125,000
Amortization of deferred financing costs	181	181	537	540	'	'
2007 Credit Facility [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	29,568	'	29,568	'	29,568	'
$100 Million Term Loan Facility [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	1,783	'	1,783	'	1,783	'
Face value of debt	100,000	'	100,000	'	'	'
$253 Million Term Loan Facility [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	4,708	'	4,708	'	4,708	'
Face value of debt	253,000	'	253,000	'	'	'
2010 Baltic Trading Credit Facility [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	3,339	'	3,339	'	3,027	'
2013 Baltic Trading Credit Facility [Member]	'	'	'	'	'	'
Line of Credit Facility [Line Items]	'	'	'	'	'	'
Total deferred financing costs	$507	'	$507	'	$0	'

FIXED_ASSETS_Details

FIXED ASSETS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total costs	$9,196	'	$9,196	'	$8,569
Less: accumulated depreciation and amortization	3,998	'	3,998	'	3,311
Total	5,198	'	5,198	'	5,258
Depreciation and amortization expense	35,222	35,038	104,322	103,954	'
Property, Plant and Equipment Excluding Vessels [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Depreciation and amortization expense	233	230	687	655	'
Vessel Equipment [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total costs	3,622	'	3,622	'	3,043
Leasehold Improvements [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total costs	3,823	'	3,823	'	3,823
Furniture and Fixtures [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total costs	997	'	997	'	997
Computer Equipment [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total costs	$754	'	$754	'	$706

ACCOUNTS_PAYABLE_AND_ACCRUED_E2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]	'	'
Accounts payable	$4,617	$4,477
Accrued general and administrative expenses	10,190	8,803
Accrued vessel operating expenses	9,688	10,387
Total	$24,495	$23,667

REVENUE_FROM_TIME_CHARTERS_Det

REVENUE FROM TIME CHARTERS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUE FROM TIME CHARTERS [Abstract]	'	'	'	'
Voyage revenues	$58,605	$53,603	$143,222	$174,740
Profit sharing revenue	0	0	0	0
Future minimum time charter revenue [Abstract]	'	'	'	'
Remainder of 2013	9,676	'	9,676	'
2014	$7,068	'	$7,068	'
Additional off-hire period	'	'	'0 days	'
Offhire period	'	'	'20 days	'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2005

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Apr. 30, 2011

Sep. 30, 2013

In Thousands, unless otherwise specified

Lease agreement entered into September 2005 [Member]

Lease agreement entered into April 2011 [Member]

Sub Sublease Agreement [Member]

Direct Lease Agreement [Member]

Period during June 1, 2011 to September 30, 2025

Period until May 31, 2015 [Member]

Period after May 31, 2015 until expiration of lease term [Member]

Period from October 1, 2018 to April 30, 2023 [Member]

Period from May 1, 2023 to September 30, 2025 [Member]

Operating Leased Assets [Line Items]

Lease term

'15 years

'7 years

Rent expense

($39)

$255

$92

$826

$389

$1,168

Current portion of lease obligations

284

682

284

682

Long-term lease obligations

3,015

2,465

790

672

2,225

1,793

Future Minimum Rental Payments [Abstract]

Remainder of 2013

129

245

2014

518

982

2015

518

1,037

2016

529

1,076

2017

550

1,076

Remaining term of the lease

1,972

16,506

Monthly rental payment

186

204

Monthly straight-line rental expense

130

Obligation of sublessor towards the cost of alterations of office space

$472

NONVESTED_STOCK_AWARDS_Details

NONVESTED STOCK AWARDS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Number of Shares [Abstract]	'	'	'	'
Forfeited (in shares)	'	'	-21,500	-1,500
Balance at the end of the period (in shares)	1,217,896	'	1,217,896	'
Baltic Trading Plan [Member] \| Baltic Trading Limited [Member]	'	'	'	'
Number of Shares [Abstract]	'	'	'	'
Balance at the beginning of the period (in shares)	'	'	664,249	'
Granted (in shares)	'	'	59,680	'
Vested (in shares)	'	'	-166,500	'
Forfeited (in shares)	'	'	0	'
Balance at the end of the period (in shares)	557,429	'	557,429	'
Weighted Average Grant Date Price [Abstract]	'	'	'	'
Balance at the beginning of the period (in dollars per share)	'	'	$7.70	'
Granted (in dollars per share)	'	'	$3.77	'
Vested (in dollars per share)	'	'	$10.76	'
Forfeited (in dollars per share)	'	'	$0	'
Balance at the end of the period (in dollars per share)	$6.37	'	$6.37	'
Additional Disclosures [Abstract]	'	'	'	'
Total fair value of shares vested	'	'	$643	$505
Unrecognized Compensation Cost Related to Nonvested Stock Awards [Abstract]	'	'	'	'
Unrecognized future compensation cost (in dollars)	964	'	964	'
Weighted-average period for recognition of unrecognized future compensation cost	'	'	'1 year 11 months 19 days	'
Baltic Trading Plan [Member] \| Baltic Trading Limited [Member] \| General, Administrative and Management Fees [Member]	'	'	'	'
Additional Disclosures [Abstract]	'	'	'	'
Recognized nonvested stock amortization expense	341	403	1,156	1,377
2005 and 2012 GS&T Plans [Member]	'	'	'	'
Number of Shares [Abstract]	'	'	'	'
Balance at the beginning of the period (in shares)	'	'	1,108,762	'
Granted (in shares)	'	'	200,634	'
Vested (in shares)	'	'	-70,000	'
Forfeited (in shares)	'	'	-21,500	'
Balance at the end of the period (in shares)	1,217,896	'	1,217,896	'
Weighted Average Grant Date Price [Abstract]	'	'	'	'
Balance at the beginning of the period (in dollars per share)	'	'	$9.47	'
Granted (in dollars per share)	'	'	$1.57	'
Vested (in dollars per share)	'	'	$2.86	'
Forfeited (in dollars per share)	'	'	$5.53	'
Balance at the end of the period (in dollars per share)	$8.61	'	$8.61	'
Additional Disclosures [Abstract]	'	'	'	'
Total fair value of shares vested	'	'	110	53
Unrecognized Compensation Cost Related to Nonvested Stock Awards [Abstract]	'	'	'	'
Unrecognized future compensation cost (in dollars)	3,013	'	3,013	'
Weighted-average period for recognition of unrecognized future compensation cost	'	'	'2 years 4 months 2 days	'
2005 and 2012 GS&T Plans [Member] \| General, Administrative and Management Fees [Member]	'	'	'	'
Additional Disclosures [Abstract]	'	'	'	'
Recognized nonvested stock amortization expense	$749	$1,069	$2,314	$3,214

SHARE_REPURCHASE_PROGRAM_Detai

SHARE REPURCHASE PROGRAM (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
SHARE REPURCHASE PROGRAM [Abstract]	'	'	'	'
Common stock repurchased and retired (in shares)	'	'	278,300	'
Common stock repurchased and retired, value	'	'	$11,500	'
Common stock repurchased (in shares)	0	0	0	0

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended		9 Months Ended					1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013
					Subsequent Events [Member]	Subsequent Events [Member]	Subsequent Events [Member]	Subsequent Events [Member]	Subsequent Events [Member]
					Purchase of Vessels [Member]	Purchase of Vessels [Member]	Purchase of Vessels [Member]	Baltic Trading Limited [Member]	Baltic Trading Limited [Member]
						Baltic Lion [Member]	Baltic Tiger [Member]		Minority Shareholders [Member]
						t	t
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Dividends declared per share (in dollars per share)	$0	$0	$0	$0	'	'	'	$0.02	'
Aggregate amount of the dividend	'	'	'	'	'	'	'	$874	$752
Capacity of vessels	'	'	'	'	'	179,185	179,185	'	'
Aggregate purchase price	'	'	'	'	$103,000	'	'	'	'