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General Maritime Corporation


News and Blogs

Total : 16 View more »

Concordia Sells Shareholding General Maritime

www3.marinelink.com | Aug 30, 2009

Concordia Maritime has sold its holding of 1.5 million shares in the US shipping company General Maritime. As the shares had already been written down to their market value, the sale only marginally affects the company’s equity and total comprehensive income.

http://www3.marinelink.com/Story/ShowStory.aspx?StoryID=216569

General Maritime upgraded to "buy"

www.newratings.com | Nov 2, 2009

NEW YORK, November 2 (newratings.com) - Analysts at Maxim Group    upgrade General Maritime (ticker: GMR) from "hold" to "buy." The target price is set to $10. [more]

http://www.newratings.com/en/main/company_headline.m?id=1984558

 

General Maritime Corporation Declares Third Quarter 2009 Dividend of $0.125 Per Share - Zibb.com

General Maritime Corporation (NYSE: GMR) today announced the Company's Board of Directors declared a quarterly dividend for the three months ended September 30, 2009 of $0.125 per share. The dividend is payable on December 4, 2009 to shareholders of record as of November 23, 2009. Including the Q3 2009 dividend, General Maritime has declared cumulative quarterly and special dividends of $21.615 per share.

About General Maritime Corporation

General Maritime Corporation is a leading provider of international seaborne crude oil transportation services. General Maritime also provides transportation services for refined petroleum products. General Maritime's vessels operate 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 also currently operates tankers in other regions including the Black Sea and Far East. General Maritime owns a fully double-hull fleet of 31 tankers - two Very Large Crude Carriers, twelve Aframax, eleven Suezmax tankers, two Panamax and four Handymax product tankers - with a total carrying capacity of approximately 4.0 million dwt.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations. Included among the factors that, in the Company's view, could cause actual results to differ materially from the forward looking statements contained in this press release are those listed from time to time in the Company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2008 and its subsequent reports on Form 10-Q and Form 8-K. The Company's ability to pay dividends in any period will depend upon factors including applicable provisions of Marshall Islands law and the final determination by the Board of Directors each quarter after its review of the Company's financial performance. The timing and amount of dividends, if any, could also be affected by factors affecting cash flows, results of operations, required capital expenditures, or reserves. As a result, the amount of dividends actually paid may vary from the amounts currently estimated.

SOURCE General Maritime Corporation

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Tags: annual report   central america   crude oil   dividend   dividends   europe   law   marshall islands   nyse   petroleum products   sec-8k   securities   transportation  

Companies: General Maritime Corp. (GMR)

 

General Maritime Down 4.7% Since SmarTrend's Sell Recommendation - Zibb.com

SmarTrend, our proprietary pattern recognition system, called a Downtrend for General Maritime (NYSE:GMR) on October 28, 2009 at $7.28.

Since then, General Maritime has returned 4.7% as of today's recent price of $6.93. Want to profit from these alerts?

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Tags: market   nyse   profit   securities   trial  

Companies: General Maritime Corp. (GMR)

 

General Maritime Corp. to Present at Goldman Sachs Global Industrials Conference 2009 - Zibb.com

General Maritime Corp. announced that the Company's Chief Financial Officer, Jeffrey D. Pribor, is scheduled to present at the Goldman Sachs Global Industrials Conference 2009 in New York on Thursday, November 5 at 1:30 p.m. ET.

The presentation will be broadcast live over the Internet and can be accessed at http://cc.talkpoint.com/gold006/110409a_mg/?entity=11_OCTOQPX. In addition, the accompanying slide presentation and webcast will be available in the Investor Relations section of General Maritime's website at www.generalmaritimecorp.com.

General Maritime Corp. is a provider of international seaborne crude oil transportation services. General Maritime also provides transportation services for refined petroleum products. General Maritime's vessels operate 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 also currently operates tankers in other regions including the Black Sea and Far East. General Maritime owns a fully double-hull fleet of 31 tankers - two Very Large Crude Carriers, twelve Aframax, eleven Suezmax tankers, two Panamax and four Handymax product tankers - with a total carrying capacity of approximately 4.0 million dwt.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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Tags: central america   conference   crude oil   europe   new_york   petroleum products   transportation  

Companies: General Maritime Corp. (GMR)

 

General Maritime Corp. Reports Proposed Private Placement of $300 Million of Senior Notes Due 2017

General Maritime Corp. announced that it intends to offer $300 million principal amount of senior unsecured notes due 2017, subject to market and other conditions, in a private placement.

The notes will be offered and sold in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act. General Maritime intends to use the net proceeds of the proposed offering to repay outstanding borrowings under its bank credit facilities and for other general corporate purposes.

Company information:

http://generalmaritimecorp.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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Tags: bank   corporate   market   Private Placement   united states  

Companies: General Maritime Corp. (GMR)

 

Web Sites

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Frontline bids for General Maritime

Bloomberg has reported that shares of General Maritime Corp., the second-largest US oil-tanker owner, may not rise much further after Bermuda-based Frontline Ltd. raised its stake in the company and said it would seek talks to combine the businesses, JPMorgan Chase & Co. said.

http://www.marinelink.com/Story/Frontline+bids+for+General+Maritime-201163.html

General Maritime - Analyst News | newratings.com

Copyright © 2002 - 2008 newratings.com GmbH | Legal | Licensing Quote data provided by IS.eFinance Solutions (powered by IS.Teledata AG) using StandardPoor's ComStock Inc. and others. Delay times are 15 mins for European exchanges and NASDAQ, 20 mins for NYSE and AMEX.

http://www.newratings.com/headlines/General-Maritime_MHY2692M1030.html

Links - General Maritime Interest

This site will be added to as new addresses appear. If you want your site to be added to the list, please e-mail: Stuart Vine: stuart@ecs-webdesign.co.uk

http://www.maryrose.org/links/general.htm

Shipping, shipbuilding, offshore news

General Maritime Corporation (NYSE: GMR) is to sell six double-sided Aframax tankers en bloc to Seatankers Management Co. Ltd., Cyprus for $127.5 million.

http://marinelog.com/DOCS/NEWSMMV/2005nov00040.html

Web Sites powered by Bing

Total : 24,900,000 View more »

General Maritime

www.generalmaritimecorp.com

General Maritime Corporation and it's commercial and technical management subsidiaries General Maritime Management LLC and General Maritime Management (Portugal ...

http://www.generalmaritimecorp.com/newgencor1.html

General Maritime Corporation - Google Finance

www.google.com

Get the latest on General Maritime Corporation including up to date news, high quality discussion groups and more on Google Finance.

http://www.google.com/finance?q=NYSE:GMR

GMR: Profile for GENERAL MARITIME NEW - Yahoo! Finance

finance.yahoo.com

General Maritime Corporation provides seaborne crude oil transportation services worldwide. As of March 2, 2009, the company operated 31 vessels consisting of 12 Aframax vessels ...

http://finance.yahoo.com/q/pr?s=GMR