Latest Tank ship Stories
NEW YORK, May 17, 2012 /PRNewswire/ -- General Maritime Corporation ("General Maritime" or the "Company") (OTC BB: GMRRQ) today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 of the United States Bankruptcy Code. Through the restructuring process, General Maritime substantially deleveraged its balance sheet, positioning the reorganized Company to be a financially stronger global enterprise. General Maritime successfully...
The oil tanker known for one of the worst oil spills in U.S. history, the Exxon Valdez, has been bought by Indian company Best Oasis. The company did not disclose the price or purpose of its purchase, but Best Oasis is known for buying old ships to dismantle and reuse the salvageable material. The Exxon Valdez oil tanker rose to fame on March 24, 1989 when it ran onto rocks, coating the shoreline with oil and killing nearly 40,000 birds and other animals. Exxon Mobil spent $900...
PIRAEUS, Greece, March 12, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced the completion of the sale of the four LR1 product tankers and one Panamax dry bulk vessel, the 1990-built "Newlead Esmeralda". The sale of these vessels was conducted as part of the Company's overall financial restructuring plan. Following the successful completion of...
NEW YORK, Feb. 17, 2012 /PRNewswire/ -- General Maritime Corporation (OTCBB: GMRRQ) (the "Company") announced today a change in the record date for its proposed rights offering to February 24, 2012 from February 8, 2012, as previously announced. The rights offering is contemplated by the Company's Plan of Reorganization (the "Plan") filed with the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). In the rights offering,...
NEW YORK, Oct. 20, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2011 on Thursday, November 3, 2011 at 8:30 a.m. Eastern Time. The Company will issue financial results for the third quarter ended September 30, 2011 on Wednesday, November 2, 2011 after the close of market trading. What: Third Quarter 2011 Conference Call and Webcast When:...
NEW YORK, Sept. 1, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that the Company's Chief Financial Officer, Jeffrey D. Pribor, is scheduled to present at the Jefferies 2011 Global Shipping Conference in New York on Wednesday, September 7, 2011 at 10:30 a.m. ET. The presentation will be broadcast live over the Internet and can be accessed at http://www.wsw.com/webcast/jeff63/gmr/. In addition, the accompanying slide presentation and webcast will be available...
GOTHENBURG, Sweden, September 1, 2011 /PRNewswire/ -- Today Mrs Rosa Jose Marie Sumbe, wife of Mr. Baptista Sumbe, Executive Chairman of Sonangol Holdings Ltd, named Stena Bulk's first ultra modern, low consumption and partly in-house designed, Suezmax tanker Stena Superior at a ceremony at Samsung HI, Geoje, Korea. (Photo: http://www.newscom.com/cgi-bin/prnh/20110901/478602-a ) (Logo: http://www.newscom.com/cgi-bin/prnh/20110901/478602-b ) The Stena...
NEW YORK, July 14, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 2011 on Thursday, July 28, 2011 at 8:30 a.m. Eastern Time. The Company will issue financial results for the second quarter ended June 30, 2011 on Wednesday, July 27, 2011 after the close of market trading. What: Second Quarter 2011 Conference Call and Webcast When: Thursday, July 28,...
NEW YORK, July 13, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today that it has amended its $550 million revolving credit facility, dated as of May 6, 2011, and its $372 million senior secured credit facility, dated as of May 6, 2011, each with Nordea Bank Finland plc and DnB NOR Bank ASA as the lead arrangers of the facilities, as well as its $200 million credit facility, dated of May 6, 2011, for which affiliates of Oaktree Capital Management L.P. acted as...
