v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 73,587 $ 55,540
Due from charterers, net of a reserve of $748 and $519, respectively 26,719 14,284
Prepaid expenses and other current assets 10,473 14,053
Inventories 25,549 25,187
Total current assets 136,328 109,064
Noncurrent assets:    
Vessels, net of accumulated depreciation of $393,512 and $372,525, respectively 1,049,650 939,327
Deposits on vessels 6,563 14,585
Deferred drydock, net of accumulated amortization of $36,677 and $29,389, respectively 56,621 62,389
Fixed assets, net of accumulated depreciation and amortization of $13,350 and $12,521, respectively 7,135 7,492
Operating lease right-of-use assets 5,054 5,251
Total noncurrent assets 1,125,023 1,029,044
Total assets 1,261,351 1,138,108
Current liabilities:    
Accounts payable and accrued expenses 38,090 36,843
Deferred revenue 7,803 8,826
Total current liabilities: 45,893 45,669
Noncurrent liabilities:    
Long-term operating lease liabilities 5,693 5,539
Long-term debt, net of deferred financing costs of $10,492 and $10,920, respectively 319,508 189,080
Total noncurrent liabilities 325,201 194,619
Total liabilities 371,094 240,288
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 43,586,605 and 43,243,165 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 436 432
Additional paid-in capital 1,431,255 1,465,134
Accumulated deficit (543,124) (569,082)
Total Genco Shipping & Trading Limited shareholders' equity 888,567 896,484
Noncontrolling interest 1,690 1,336
Total equity 890,257 897,820
Total liabilities and equity $ 1,261,351 $ 1,138,108