General Maritime Fined $1m
A federal judge in Corpus Christi, Texas, has sentenced General Maritime Management (Portugal), the operator of a fleet of tanker vessels, and two crewmembers of the motor tanker Genmar Defiance for making false statements to the U.S. Coast Guard and failing to maintain an accurate Oil Record Book designed to prevent pollution of the world's oceans as required by United States and international law, the Justice Department announced. The court sentenced General Maritime Management (Portugal) LDA, on March 13, to pay a $1m fine. In addition, the company was sentenced to serve five years of probation. Special conditions of the probation require the company to rehire the whistleblowers if they reapply for employment…
General Maritime Signs Contract With Shell International
General Maritime Corporation entered into a contract of affreightment (COA) agreement with Shell International Trading and Shipping Company Limited (STASCO), the principal trading and shipping business of the Royal Dutch/Shell Group. The contract gives General Maritime the opportunity to transport STASCO oil cargos for its Aframax and Suezmax fleet in the Western Hemisphere. Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, commented, "General Maritime's success at signing this agreement with Shell underscores the quality of the company's fleet and operations as well as its leadership position in the mid-sized tanker industry.
Docked Vessel Struck, Damaged
General Maritime Management reported last week that their vessel, the Genmar Alexandra, (oil tanker, built 1992, double hull, 102262 dwt) while safely docked at a terminal in St. Charles, La., was struck by the bulk carrier Bright State, (built 1989, approx. 36000 grt). The collision resulted in a hole in one of the Genmar Alexandra's auxiliary fuel tanks and the release of approximately 500 barrels of fuel oil into the river. There were no injuries and no cargo was lost. General Maritime Management has activated its emergency response plan and its U.S. spill response contractor Gallagher Marine Systems is onsite. Oil containment and recovery operations have been initiated in conjunction with the U.S. Coast Guard.
General Maritime to Sell Nine Tankers
tankers en bloc to Tanker Pacific for $247.5 million. realize a net gain of $16.6 million from the sale. may consider. June 2006. the average age of General Maritime's fleet will be reduced to 7.5 years. Ltd. operated by General Maritime Management (Portugal) Lda. Management LLC.
New Alliance Forms UOCC
United Overseas Tankers Ltd. (UOT), a General Maritime Corporation wholly-owned subsidiary, has entered into a alliance with Columbia Shipmanagement Ltd. to provide crew management services for all of General Maritime's vessels. The alliance will be named United Overseas Columbia Crewing Ltd. (UOCC) and will be responsible for such services as crew recruitment, training, payroll and quality control management. John P. Tavlarios, President and Chief Executive Officer of General Maritime Management LLC, commented, "The formation of United Overseas Columbia Crewing Ltd. is a further extension of our commitment to maintaining operational excellence. Through the relationship with Columbia Shipmanagement Ltd.
