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General Maritime Corporation Declares Third Quarter 2009 Dividend of $0.125 Per Share.
General Maritime Corporation (GMR)Q3 2009 Earnings CallOctober 28, 2009 8:30 am ET<a
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
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
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NEW YORK, Nov 12, 2009 /PRNewswire-FirstCall via COMTEX/ --
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
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)
Nov 06, 2009 (SmarTrend(R) Spotlight via COMTEX) --
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Companies: General Maritime Corp. (GMR)
Nov 05, 2009 (Close-Up Media via COMTEX) --
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))
Tags: central america conference crude oil europe new_york petroleum products transportation
Companies: General Maritime Corp. (GMR)
Nov 05, 2009 (Close-Up Media via COMTEX) --
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))
Tags: bank corporate market Private Placement united states
Companies: General Maritime Corp. (GMR)
Total : 26 View more »
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
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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.
Total : 24,900,000 View more »
General Maritime Corporation and it's commercial and technical management subsidiaries General Maritime Management LLC and General Maritime Management (Portugal ...
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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 ...