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Home > Company Index > Transportation > Shipping > General Maritime Corporation

General Maritime Corporation
NYSE: GMR
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 NEWS FROM THE STANDARD
IPO Weekly: Boring Is Good
Jun 08 2001 03:52 PM PDT

 PROFILE
Black gold on the deep blue brings in the green for General Maritime. With a fleet of 20 vessels that have a total cargo capacity of more than 2 million deadweight tons, General Maritime transports crude oil, primarily in the Atlantic Basin. It provides services through both time-charter contracts and the spot market. It also operates on bareboat contracts, which call for the charterer to pay expenses and provide the crew. General Maritime serves oil companies (major customers include Chevron, Texaco, and Exxon Mobil), oil traders, and tanker owners. Chairman and CEO Peter Georgiopoulos founded the company in 1997 with six vessels.

 COMPETITION
Neptune Orient Lines Limited (NPTTY)
Overseas Shipholding Group, Inc. (OSG)
Teekay Shipping Corporation (TK)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 132.00
1-Yr. Sales Growth: 141.2%
Employees: 80
Revenue per employee: $1,650,000.00

 KEY PEOPLE
• Peter C. Georgiopoulos
    CEO
• James C. Christodoulou
    CFO

 CONTACT INFO
35 West 56th St.
New York, NY 10049
US
Phone: 212-763-5600
Fax: 212-736-5602
Online: Web Site

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