General Maritime Corporation
299 Park Ave
New York, New York 10171-0002
USA
tel: +1 2127635600
http://www.generalmaritimecorp.com
Description
General Maritime Corporation owns and operates a fleet of close to 50 mid-sized tankers, making it the world's second largest tanker company (based on cargo capacity). The firm contracts with client companies to transport crude oil, principally across the Atlantic. General Maritime serves major worldwide oil companies such as Chevron Corp., Exxon Mobil, Texaco, Phillips Petroleum, and the Citgo Petroleum Corp. Most of its ships are either Aframax or Suezmax tankers, which are medium-sized ships capable of serving most ports. General Maritime finds much of its business on the so-called spot market, where it picks up orders on short notice. General Maritime succeeds in this market because its fleet is primarily young--its ships are on average less than 12 years old--and so considered of high quality and safety. The company also arranges its tanker purchases so that most of its ships have one or two identical "sister ships" that can be used interchangeably. This gives General Maritime great flexibility in fulfilling orders. General Maritime is one of only a handful of publicly owned shipping companies. It is also a large player in a market still dominated by many small companies. The firm was founded by Peter Georgiopoulos, who owns approximately 10 percent of the company's stock.
Location
Products
- Deep sea foreign transportation of freight
- Deep Sea Freight Transportation
News and Blogs
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Bunkerworld News - Latest News - Genmar files reorganisation plan
...Editor PortworldOceanIntelligenceSustainableShipping Related Companies Oaktree Capital Management LP General Maritime Corporation (Genmar) Related Articles 16 Dec World Troubled Genmar authorised to pay bunker suppliers ...
