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Metrostar Vessel News

11 May 2011

General Maritime Corporation Announces Q1 2011 Results

General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months ended March 31, 2011. Excluding the $3.3 million non-cash loss relating to the disposal of vessels and vessel equipment as well as the $1.8 million impairment of goodwill and $0.1 million other income, the Company recorded a net loss of $26.5 million or $0.31 basic and $0.31 diluted loss per share for the three months ended March 31, 2011, compared to net loss of $9.3 million or $0.17 basic and $0.17 diluted loss per share for the three months ended March 31…

04 Jun 2003

General Maritime Integrate Final Metrostar Vessels

General Maritime Corporation has received delivery and successfully integrated into its fleet the last 2 of the 19 tankers acquired from Metrostar Management Corporation. The Genmar Princess and Genmar Progress were received on May 27, 2003 and May 29, 2003, respectively. Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, stated, "I am extremely pleased with the successful and rapid integration of the Metrostar vessels into our fleet. With the completion of the Metrostar vessel acquisition, General Maritime has become the second largest mid-sized tanker owner and operator in the world with a fleet of 46 tankers consisting of 27 Aframax and 19 Suezmax tankers. The Metrostar vessel acquisition provides General Maritime with an additional 2.7 million deadweight tons.

24 Apr 2003

General Maritime Announces First Quarter Results

General Maritime Corporation reported its financial results for the first quarter 2003. prior year period. 36,964,770 for the first quarter 2003 and 37,000,000 for the prior year period. Peter C. making. materially increase our Company’s profit potential going forward. only 2.6% or 68 days out of a total of 2,586 calendar days for our fleet this past quarter. the prior year period. the prior year period. during the prior year period and were stronger than the fourth quarter 2002. million for the prior year period. period. compared to the prior year period. million compared to $19.1 million for the prior year period. Adjusted EBITDA and EBITDA to net income below. comparison. average tanker spot market rates for the first quarter 2003 compared to the prior year period.