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Topic: General Maritime Corporation


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In the News (Tue 29 Dec 09)

  
  General Maritime Profile - NYJobSource.com   (Site not responding. Last check: 2007-11-04)
General Maritime owns a fleet of oil tankers and delivers crude oil to ports around the world.
General Maritime Corporation's fleet is comprised of 43 wholly-owned tankers, consisting of 26 Aframax and 17 Suezmax tankers, with a total carrying capacity of approximately 5.2 million deadweight tons, or dwt.
Currently 15 of General Maritime Corporation's Aframax tankers and 17 of its Suezmax tankers are operating on the spot market.
nyjobsource.com /generalmaritime.html   (247 words)

  
 Netherlands Corporate News - General Maritime Corporation selecteert Triple Point Technology voor..
General Maritime, whose clients include Chevron, CITGO, Exxon-Mobil, Phillips and Texaco, is deploying Triple Point Commodity XL to improve the trading of physical and derivatives contracts involving its fleet of tankers.
About General Maritime Corporation General Maritime Corporation is a provider of international seaborne crude oil transportation services principally within the Atlantic basin, which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea.
General Maritime Corporation currently owns and operates a fleet of tankers - 26 Aframax and 17 Suezmax tankers and 4 Suezmax new-building contracts - making it the second largest mid-sized tanker company in the world with a carrying capacity of approximately 5.9 million deadweight tons (dwt).
www.netherlandscorporatenews.com /archive/en/2005/06/14/f027.htm   (590 words)

  
 General Maritime Corporation :: General Maritime Corporation Announces Second Quarter and First Half 2006 Financial ...
As of July 26, 2006, General Maritime Corporation's fleet was comprised of 18 wholly owned tankers, consisting of 10 Aframax and 8 Suezmax tankers, with a total carrying capacity of approximately 2.2 million deadweight tons, or dwt.
General Maritime will be paying a quarterly dividend of $0.66 per share on or about September 8, 2006 with a record date of August 25, 2006.
General Maritime Corporation is a provider of international seaborne crude oil transportation services principally within the Atlantic basin which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea.
sev.prnewswire.com /maritime-shipbuilding/20060726/NYW12726072006-1.html   (2648 words)

  
 General Maritime Corporation :: General Maritime Corporation Initiates Cash Dividend Policy   (Site not responding. Last check: 2007-11-04)
General Maritime's outstanding bond indenture generally allows the Company to pay dividends and other "restricted payments" up to an amount equal to no less then 50% of the cumulative net income earned since the first quarter of 2003 plus an additional $25 million.
General Maritime is currently exploring various options for ensuring its ability to pay dividends as defined by the new dividend policy, and will review available equity and debt financing alternatives from time to time.
General Maritime believes that under current law, dividend payments from earnings and profits will constitute "qualified dividend income" and will be subject to a 15% United States federal income tax rate with respect to individual shareholders.
sev.prnewswire.com /oil-energy/20050126/NYW18026012005-1.html   (1464 words)

  
 ABOUT COMPANY General Maritime Crewing Ltd.
The private crewing company General Maritime Crewing Ltd was established in February 2005 by the American shipping company General Maritime Corporation - owners and operators of the second largest fleet of Aframax and Suezmax ships in the world.
Since its creation in 1997, General Maritime Corporation has shown impressive growth to become, in a short period of time, one of the world's leading transportation and shipping company's.
General Maritime Crewing Ltd is a part of a wide crewing chain consisting of crewing offices located in the USA, Great Britain, Greece, India, Portugal, Singapore and Philippines which recruit quality seamen for the Genmar fleet.
gmcrus.ru   (305 words)

  
 Shipping, shipbuilding, offshore news
General Maritime Corporation says it has reached an agreement to acquire the fleet and technical operations of Portugal's Soponata SA, for cash.
Based on the 5-year Clarksons average for Suezmax and Aframax spot rates, General Maritime believes the acquisition could contribute $34.2 million annually and $60.4 million annually after the addition of the four newbuildings to operating cash flow on a pro-forma basis.
General Maritime Corporation owns and operates a fleet of 42 tankers -- 23 Aframax and 19 Suezmax tankers -- making it the second largest mid-sized tanker company in the world, with a carrying capacity of approximately 5.1 million dwt.
www.marinelog.com /DOCS/NEWSMMIV/MMIVmar26a.html   (568 words)

  
 Highbeam Encyclopedia - Search Results for Maritime
Maritime Provinces MARITIME PROVINCES [Maritime Provinces] or Maritimes, Canada, term applied to Nova Scotia, New Brunswick, and Prince Edward Island, which before the formation of the Canadian confederation (1867) were politically distinct from Canada proper.
General Maritime Corporation Initiates Cash Dividend Policy; Company to Distribute Quarterly Dividend Based on EBITDA After Interest Expense and Reserves.
General Maritime Corporation Announces Third Quarter and Nine Month 2002 Financial Results.
www.encyclopedia.com /SearchResults.aspx?Q=Maritime   (602 words)

  
 General Maritime Corporation: No Action, Interpretive and/or Exemptive Letter of June 14, 2002
The remaining shares of Common Stock issuable under the plan were allocated to each vessel contributed on the basis of the Vessel Relative Value of the particular vessel as a portion of the aggregate Vessel Relative Value of all the vessels contributed.
The distribution provisions of the limited partnership agreements of the Georgiopoulos Limited Partnerships provided generally for initial distributions on liquidation to the limited partners to return their capital contributions and then to give them a preferred return, following which the general partner was entitled to share in distributions at the rate of 10% to 20%.
The Commission has set forth as a general principle that the holding period for restricted securities begins when the owner "is deemed to have paid for the securities and thereby assumed the full risk of economic loss associated with respect to them.
www.sec.gov /divisions/corpfin/cf-noaction/genmarit061402.htm   (3633 words)

  
 General Maritime
General Maritime is a leading provider of international seaborne crude oil transportation services.
General Maritime Corporation and it's commercial and technical management subsidiaries General Maritime Management LLC, General Maritime Management (Hellas) Ltd., General Maritime Management (Portugal) LLC and General Maritime Management (UK) LLC are noted for their quality operations and strong relationships with major oil companies and charterers.
In addition General Maritime Management LLC and it's fleet of managed vessels are Quality Certified to ISO 9001:2000 standards with the American Bureau of Shipping and all vessels are operated under the International Safety Management code.
www.generalmaritimecorp.com /newgencor1.html   (277 words)

  
 GMR Key Developments: Investing - MSN Money
General Maritime Corporation announced that it has declared a quarterly dividend of $0.66 per share payable on or about September 8, 2006 with a record date of August 25, 2006.
General Maritime Corporation announced that it has agreed to sell nine OBO Aframax tankers en bloc to Tanker Pacific for $247.5 million.
General Maritime Corporation announced it has entered into an agreement to repurchase 4,176,756 of its common shares from Oaktree Capital's OCM Principal Opportunities Fund, L.P. in a privately negotiated transaction at $37.00 per share for a total purchase price of $154,539,972.
news.moneycentral.msn.com /ticker/sigdev.asp?Symbol=GMR   (255 words)

  
 General Maritime Corporation Issues Statement
Officers of Frontline Ltd. recently contacted the Company and indicated that they have acquired an unspecified amount of General Maritime's common stock which would result in a filing by them on schedule 13D.
General Maritime is not actively looking to sell the Company or enter into a business combination, but has always been and remains committed to exploring all opportunities that create value for our shareholders.
General Maritime Corporation currently owns and operates a fleet of 47 tankers -- 26 Aframax, 17 Suezmax tankers and 4 Suezmax newbuilding contracts -- making it the second largest mid-sized tanker company in the world, with a carrying capacity of approximately 5.9 million dwt.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-08-2004/0002590007&EDATE=   (275 words)

  
 Genco Shipping and Trading Limited
Georgiopoulos oversaw the growth of General Maritime from a single vessel privately owned company to a publicly traded owner and operator of 47 tankers.
Georgiopoulos, General Maritime Corporation, grew from a single ship ownership company to what today ranks as the second largest midsize oil tanker company in the world.
From 1991 to 1997, he was the principal of Maritime Equity Management a ship-owning and investment company that he founded in 1991.
www.gencoshipping.com /team.html   (1432 words)

  
 Homeland Security Newsline
The decision to sell the General Maritime investment and order the Suezmaxes included a comparison between the Rongsheng 2009 newbuildings and the implicit pricing of an existing General Maritime newbuilding.
The re-organisational cost of General Maritime and the large Aframax exposure further prevented Frontline from pursuing further action in the General Maritime investment.
Frontline, as General Maritime's largest shareholder, had a constructive dialogue with General Maritime regarding its investment.
www.primezone.com /hs/news.html?d=103830   (354 words)

  
 General Maritime Corporation :: General Maritime Corporation Announces Cash Tender Offer and Consent Solicitation for ...   (Site not responding. Last check: 2007-11-04)
NEW YORK, Dec. 15 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) announced today that it has commenced an offer to purchase for cash any and all of its outstanding 10% Senior Notes due 2013 (the "Notes").
Additional information concerning the terms and conditions of the tender offer and consent solicitation may be obtained by contacting Goldman, Sachs and Co., toll free at (800) 828-3182 or collect at (212) 357-7867.
General Maritime Corporation currently owns and operates a fleet of 38 tankers - 22 Aframax, 12 Suezmax tankers and four Suezmax newbuilding contracts with a carrying capacity of approximately 4.75 million dwt.
sev.prnewswire.com /maritime-shipbuilding/20051215/NYTH13815122005-1.html   (666 words)

  
 General Maritime Corporation Announces Amendment of Credit Facility to Allow for Quarterly Dividends; Company Plans Div ...   (Site not responding. Last check: 2007-11-04)
Under General Maritime's dividend policy, the Company plans to declare quarterly dividends to shareholders in April, July, October and February based on its EBITDA after net interest expense and a fleet maintenance and renewal reserve, as established by the Board of Directors.
In our press release of February 23, 2005, we estimated that if this policy had been adopted as of January 1, 2004, the Company would have been able to pay $9.36 per share with respect to 2004 results.
General Maritime's unique dividend policy is aimed at unlocking significant shareholder value through the distribution of cash while retaining the on-going growth and renewal of our fleet.
www.newratings.com /analyst_news/article_751932.html   (324 words)

  
 General Maritime Corporation Initiates Cash Dividend Policy
Federal Tax Rule General Maritime believes that under current law, dividend payments from earnings and profits will constitute "qualified dividend income" and will be subject to a 15% United States federal income tax rate with respect to individual shareholders.
Conference Call Announcement General Maritime Corporation will hold a conference call on Thursday, January 27, 2005 at 8:30 a.m.
Other Information The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-26-2005/0002906365&EDATE=   (1736 words)

  
 Triple Point News: General Maritime Selects Triple Point to Manage Global Freight Tanker Fleet
WESTPORT, Connecticut, USA (June 14, 2005) - General Maritime Corporation, a provider of international seaborne crude oil transportation services with one of the largest tanker fleets in the world, is deploying Triple Point's Commodity XL next-generation software solution to improve the physical operations and revenue-generating potential of its global tanker fleet.
"Many of our clients, in addition to General Maritime, have seen the value in using an integrated system to manage and measure their global freight trading."
Founded in 1993, Triple Point Technology is the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities.
www.tpt.com /news/index.asp?c=xml/pr1462005.xml   (728 words)

  
 General Maritime Corporation information and related industry information from Hoover's
A leading operator of midsized tankers, General Maritime transports crude oil, primarily in the Atlantic Basin.
General Maritime primarily deploys its vessels on the spot market (voyage by voyage); the company also operates under longer-term time-charter contracts.
There are 6 competitors for General Maritime; see more.
hoovers.com /general-maritime/--ID__102696--/free-co-factsheet.xhtml   (363 words)

  
 iWon Money & Investing
General Maritime Corporation Announces Third Quarter 2006 Conference Call and Webcast
General Maritime Corporation to Present at Jefferies 3rd Annual Shipping Conference
General Maritime Corporation Announces Second Quarter 2006 Conference Call and Webcast
money.iwon.com /jsp/qt/ataglance.jsp?s=GMR   (97 words)

  
 merchant navy mumbai, special merchant navy courses india, best merchant navy colleges india, all merchant navy jobs ...
Jobships.com provides for you to place your resume on the internet to be viewed by companies around the world.
If you are a shipping company looking for a suitable candidate or a Maritime Institute/course provider wishing to list your course details to be viewed by candidates across the world, then Jobships is the ideal choice for you.
Jobships.com is a unique Website designed with a focused content specifically aimed for shipping personnel having customized posts and courses as required by the shipping industry.
www.jobships.com /jobships_2.0/jobshipsindia/General/faq.asp   (1796 words)

  
 General Maritime Article Archives by KeepMedia   (Site not responding. Last check: 2007-11-04)
General Maritime Corporation Announces First Quarter 2006 Conference Call and Webcast
General Maritime Corporation Announces Third Quarter 2005 Conference Call and Webcast
General Maritime Management LLC Appoints New Head of Commercial Department
www.topix.net /com/gmr/keepmedia   (375 words)

  
 general maritime corporation at Business.com   (Site not responding. Last check: 2007-11-04)
By Matthew Leising Oct. 5 (Bloomberg) -- General Maritime Corp., the third- biggest U.S. tanker owner, has no plans to expand its fleet because new and used vessels are too expensive, Chief Executive Officer Peter Georgiopoulos said.
The Panama Canal opened in 1914 Voters in Panama have given their approval to an ambitious project to expand the country's famous canal, preliminary results suggest.
LONDON - Coalition naval forces in the Persian Gulf have been deployed to counter possible seaborne threats to an oil refinery in Bahrain and to Saudi Arabia's Ras Tanura terminal, which is the world's biggest offshore oil facility, Britain's Royal Navy...
www.business.com /directory/transportation_and_logistics/ocean_and_maritime_transport/general_maritime_corporation/general_maritime_corporation/news   (1253 words)

  
 General Maritime Corporation   (Site not responding. Last check: 2007-11-04)
Wednesday April 5, 2006 3:30 AM General Maritime Corporation (GMR) - You might have heard of this company before.
Well one other thing I think is worthy of noting, Frontline Ltd. offered General Maritime $39 per share in cash for the company.
The director rejected the bid because it was too low.
www.epstock.com /Articles/0000004.htm   (223 words)

  
 NYSE Group, Inc. > About the NYSE > Listed Companies > Listed Company Directory General Maritime Corporation (via ...   (Site not responding. Last check: 2007-11-04)
General Maritime Corporation provides international seaborne crude oil transportation services.
The Company's existing fleet consists of 30 wholly owned vessels, consisting of 19 Aframax (nine of which are held for sale) and eight Suezmax vessels, and three newbuilding Suezmax contracts.
Please read our terms and conditions and privacy statement.
www.nyse.com.cob-web.org:8888 /listed/gmr.html   (215 words)

  
 General Maritime Corporation Announces Third Quarter 2006 Conference Call and Webcast - Forbes.com (via CobWeb/3.1 ...   (Site not responding. Last check: 2007-11-04)
General Maritime Corporation Announces Third Quarter 2006 Conference Call and Webcast - Forbes.com (via CobWeb/3.1 planetlab1.netlab.uky.edu)
NEW YORK, Oct. 18 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2006 on Wednesday, November 1, 2006 at 8:30 a.m.
The conference call will also be broadcast live over the Internet and include a slide presentation.
www.forbes.com.cob-web.org:8888 /prnewswire/feeds/prnewswire/2006/10/18/prnewswire200610181124PR_NEWS_B_MAT_NY_NYW135.html   (559 words)

  
 GMR - General Maritime Corporation - Google Finance
GMR - General Maritime Corporation - Google Finance
General Maritime sees weak tanker rates in Q4
General Maritime Corporation to Present at Jefferies 3rd Annual...
google.com /finance?cid=665603   (372 words)

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