General Maritime Corporation · New York, NY United States ·(NYSE: GMR)
Company Description
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This link will open in a new window Black gold on the deep blue brings in the green for General Maritime. A leading operator of midsized tankers, General Maritime transports crude oil, primarily in the Atlantic Basin but also in the Black Sea. The company's fleet of about 30 double-hull tankers includes Aframax and Suezmax vessels and has an overall capacity of about 3.9 million deadweight tons (DWT). General Maritime deploys its vessels both on the spot market (voyage by voyage) and under longer-term charter contracts. Customers have included major oil companies such as Chevron , CITGO , Exxon Mobil , Hess , and Shell . CEO Peter Georgiopoulos founded the company in 1997. To read the full description, subscribe now.
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Key General Maritime Corporation Financials
| Company Type | Public - NYSE: GMR Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $326.1 |
| 2008 Employees | 93 |
General Maritime Corporation Executives
7 executives listed for General Maritime Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| President and Director | John Tavlarios | Network |
| Manager and Head, Operations | Milton Gonzales | Network |
| EVP, CFO, and Director | Jeffrey Pribor | Network |
Competition
Competitive Landscape for General Maritime Corporation
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top General Maritime Corporation Competitors
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