Oil Cargo Liftings News

General Maritime Signs Contract With LukOil

General Maritime Corporation has entered into a contract of affreightment (COA) agreement with LukOil, Russia's number one oil refinery. The contract gives General Maritime priority to perform a number of oil cargo liftings in three ports serving the Black Sea and Mediterranean regions. The ports are Novorossisk in Russia, Ceyhan in Turkey and Suspa in Georgia. Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, commented, "We are very pleased to have further solidified our relationship with LukOil. The contract with LukOil demonstrates General Maritime's continued success in expanding its presence in one of the most important growth areas, the Black Sea.