Local News: Troy, IL 

 | 

Sign Up

 | 

Sign In

General Maritime Corporation

General Maritime Corporation Newswire

Comprehensive Real-Time News Feed for General Maritime Corporation.

Results 1 - 17 of 17 in General Maritime Corporation

  1. General Maritime ReorganizesRead the original story

    Thursday Feb 2 | Marine News

    General Maritime Corporation announced today that it has filed a Plan of Reorganization and a Disclosure Statement with the United States Bankruptcy Court for the Southern District of New York .

    Comment?

  2. UPDATE 1-General Maritime files for plan of reorganizationRead the original story

    Wednesday Feb 1 | Reuters

    General Maritime, which had filed for Chapter 11 bankruptcy protection in November, said private equity firm Oaktree Capital Management will provide it with $175 million in new capital under its plan of reorganization.

    Comment?

  3. UPDATE 1-General Maritime files for plan of reorganizationRead the original story

    Wednesday Feb 1 | Reuters

    General Maritime, which had filed for Chapter 11 bankruptcy protection in November, said private equity firm Oaktree Capital Management will provide it with $175 million in new capital under its plan of reorganization.

    Comment?

  4. Crisis grips global shipping as work starts on London's Gateway portRead the original story w/Photo

    Dec 7, 2011 | Guardian Unlimited

    ... tanker owners, Peter Georgiopoulos, seeking protection from bankruptcy for his New York-listed General Maritime Corporation. This business was once valued at more than $5.3bn, but its shares have plunged by more than 90% this year as the cost of ...

    Comment?

  5. On the Waterfront: Red-hulled bulk carriers on maiden voyagesRead the original story

    Dec 4, 2011 | The Otago Daily Times

    It was interesting to see the Lauritzen group represented here by a bulk carrier and a tanker within a few days of each other late last month.

    Comment?

  6. Wilbur Ross hones in on troubled maritime businessRead the original story

    Nov 28, 2011 | Reuters

    Billionaire investor Wilbur Ross, fresh off a deal to buy a $62.5 million stake in energy transportation firm Navigator Holdings , said on Monday he is focusing on that sector for his transportation investments.

    Comment?

  7. Wilbur Ross hones in on troubled maritime businessRead the original story

    Nov 28, 2011 | Reuters

    Billionaire investor Wilbur Ross, fresh off a deal to buy a $62.5 million stake in energy transportation firm Navigator Holdings , said on Monday he is focusing on that sector for his transportation investments.

    Comment?

  8. General Maritime Creditor Group Objects to $75 Million LoanRead the original story

    Nov 21, 2011 | BusinessWeek

    A group of General Maritime Corp. noteholders opposed a request by the second-largest U.S. owner of oil tankers to borrow $75 million in bankruptcy.

    Comment?

  9. General Maritime Files for Bankruptcy After Freight Rates SlumpRead the original story

    Nov 17, 2011 | BusinessWeek

    General Maritime Corp., the second- largest U.S. owner of oil tankers, filed for bankruptcy protection from creditors after falling oil demand and a surplus of ships led to two years of losses.

    Comment?

  10. 3 Deals to Watch: Transports, Tankers & TradersRead the original story

    Nov 17, 2011 | TheStreet.com

    SemGroup's Board of Directors rejected an unsolicited October bid of $24 per share in cash for the Tulsa based energy transporter, terminal and storage company founded in 2000.

    Comment?

  11. General Maritime Files Bankruptcy With $1.4 Billion in DebtRead the original story

    Nov 17, 2011 | BusinessWeek

    General Maritime Corp., the second- largest U.S. owner of oil tankers, filed for bankruptcy protection from creditors after falling oil demand and a surplus of ships led to two years of losses.

    Comment?

  12. General Maritime Files for Bankruptcy Protection With $1.4 Billion in DebtRead the original story

    Nov 17, 2011 | Bloomberg

    General Maritime Corp. , a transporter of crude oil via ocean tankers, filed for bankruptcy court protection from creditors amid low freight rates and a surplus of ships.

    Comment?

  13. UPDATE 1-General Maritime to file for Ch 11 bankruptcyRead the original story

    Nov 17, 2011 | Reuters

    Oil tanker company General Maritime Corp said it will file for Chapter 11 bankruptcy protection in a court in New York.

    Comment?

  14. Oil tanker owners face grim prospectsRead the original story

    Oct 31, 2011 | The Globe and Mail

    One of the world's best-known shipping groups, BW Maritime, has underlined the grim prospects facing oil tanker owners after it became the first owner to admit having laid up a ship out of service in the face of this year's slump in vessel charter rates.

    Comment?

  15. General Maritime and Horizon Lines Brace for Rocky Fourth QuarterRead the original story

    Oct 12, 2011 | MELODIKA.net

    ... examines the outlook for companies in the Shipping Industry and provides investment research on General Maritime Corporation ( Earlier this week, an article courtesy of The Financial Times argued that the recent strength in the Baltic Dry Index ...

    Comment?

  16. General Maritime and Horizon Lines Brace for Rocky Fourth Quarter...Read the original story

    Oct 6, 2011 | PR-inside.com

    Minogue hopes to inspire with honorary doctorate Pop superstar KYLIE MINOGUE hopes her newly-awarded honorary doctorate will help inspire researchers to keep working on finding a cure for breast cancer.

    Comment?

  17. General Maritime Announces Amendments to Credit FacilitiesRead the original story

    Oct 3, 2011 | Sunherald.com

    /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that it has entered into amendments (the "Credit Agreement Amendments") to its $550 million revolving credit facility (the "2011 Credit Facility"), its $372 million term loan ...

    Comment?