General Maritime Corporation News

The company is primarily engaged in the seaborne transportation of crude oil in the international sea routes through its fleet of aframax and suezmax tankers.

Iran's finance minister believes sanctions against his country could cause the oil price to reach US$ 160 per barrel "We must pay close attention when we speak of oil revenues and sanctions against oil sales, who are the winners and the losers of such sanctions?" Shamseddin Hosseini told CNN's "Fareed Zakaria GPS" in a recently broadcasted ... (more)

Marine tanker operator General Maritime Corp has come out of Chapter 11 bankruptcy protection six months after falling victim to rising debt and vessel oversupply.

Tanker shipping company General Maritime Corp expects to emerge from bankruptcy in May after its amended reorganization plan was approved by the bankruptcy court.