General Maritime Delivers Genmar Gabriel
Tuesday, January 24, 2006
General Maritime Corporation
announced the delivery of the Genmar Gabriel to Seatankers
Management Co. Ltd. This represents the final delivery of the 17 single-hull
and double-sided vessels the Company sold for $444.5 million in October and
November of 2005.
With the delivery of the Genmar Gabriel, and including the four Suezmax
newbuildings to be delivered between March 2006 and 2008, the average age of
General Maritime's fleet will be reduced to 9 years and its entire fleet will
be double-hull.