General Maritime Corporation Announces Agreement to Enter Seven VLCCs in ...
/PRNewswire/ -- General Maritime Corporation (NYSE: GMR ) announced today it has agreed to enter seven of its VLCCs into Seawolf Tankers, a commercial pool of VLCCs managed by Heidmar Inc., one of the world's leading commercial operators of tankers.Under the terms of the agreement, the Genmar Vision, Genmar Zeus, and the Genmar Ulysses will begin trading in the pool within the next 30 days. In addition, the Genmar Hercules and Genmar Victory are expected to begin trading in the pool upon completion of their current time charters. The Genmar Poseidon and the Genmar Atlas will also enter the Seawolf Pool via period charters with Heidmar Inc.
Commercial pools are designed to provide for effective chartering and commercial management of similar vessels that are combined into a single fleet to improve customer service, increase vessel utilization and capture cost efficiencies.
, President of General Maritime Corporation, commented, "We are pleased to be a founding member of the Seawolf Tankers pool. Seawolf Tankers complements our flexible fleet deployment strategy by enhancing our ability to maximize earnings while maintaining a level of stability in our results. The pool also provides the opportunity to realize economies of scale and to benefit from Heidmar's extensive global network. We remain committed to effectively managing General Maritime's assets through the tanker cycles and strengthening the Company's future prospects."
, President & CEO of Heidmar commented, "We are delighted to have General Maritime as a formative participant in Seawolf Tankers. We have great respect for General Maritime and look forward to working with them on the expansion of the Seawolf pool with other first-class vessel owners."
The Company stated that the two vessels on period charter to Heidmar will be chartered for 12-months at market related rates, subject to a floor of . Heidmar is the general agent and commercial manager of five pools: Star Tankers (Panamax/LR1 tankers); Sigma Tankers (Aframax/LR2 tankers); Dorado Tankers (Handysize/Medium Range product tankers); Blue Fin Tankers (Suezmax tankers); and Seawolf Tankers (VLCC). Heidmar is also a 50% owner of WOMAR which is a tanker pool operating company, specializing in oil and chemical tanker tonnage up to 30,000 dwt.
About General Maritime Corporation
General Maritime Corporation is a leading crude and products tanker company serving principally within the Atlantic basin, which includes ports in the and the North Sea. General Maritime also currently operates tankers in other regions including the Black Sea and Far East. General Maritime owns a fully double-hull fleet of 31 tankers - seven VLCC, nine Aframax, twelve Suezmax tankers, two Panamax and one product tanker - with a total carrying capacity of approximately 5.2 million dwt. The Company also has three Product tankers that are chartered-in with options to purchase the vessels. The Company controls tonnage totaling 5.3 million dwt, including the owned fleet and the chartered-in fleet.
Atlantic Pool Products - News
General Maritime Corporation is a leading crude and products tanker company serving principally within the Atlantic basin, which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean,
SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.48 billion;
During this wonderful island-themed feast, The Pool at Harrah's Resort will spring to life as grass-skirted hula dancers, musicians, fire twirlers and island warriors infuse the night with excitement. July 17 - Labor Day: Travel back in time and walk
Local marine businesses will be on deck as well, including Herrington Harbour Marinas, Free State Yachts, Integrity Yacht Sales, Shiver Me Timbers, Atlantic Spars and Rigging, Duffy Electric Boats, West River Cruises, South County Signs, Osprey Marine
The future: There are almost 100 other franchises across the US, and they have grown. We'll definitely be adding different products: motorized screens on an outdoor patio and when you hit a button, they come down; pool enclosures we'll be looking into
Atlantic Pool Products - Bookshelf
Atlantic reporter
... pool based upon theories of Products Liability and Negligence. ... seller, advertiser, and re- commender of the pools, pool products, and decks. ...The Atlantic monthly
... strait of comparatively smooth water not only the agricultural products which seek ... If there be a standing pool, a festering ditch, a choked gutter, ...Lexis Nexis corporate affiliations
ICS: 326199 Joe Buljaretti (Plant Mgr) Subsidiary: Atlantic Pool Products Ltd. ( 2) 325 Humber College Bfvd Toronto, ON, M9W 7C3. ...Mind the Gap, Promoting a Transatlantic Revolution in Military Affairs
With full utilization of the products and services of the US information ... The benefit of creating open access to an Atlantic pool of information ...Directory of corporate affiliations
2316 SUNTRUST BANK, MID-ATLANTIC HEADQUARTERS — See SunTrust Banks, Inc., pg. ... See Preformed Line Products Company, pg. 2000 SUPERIOR POOL PRODUCTS, INC. ...Day-to-day Knowledge Directory
Atlantic Pool Products
Our commitment to innovation, product quality and above all else, ... Loads of family fun and worry-free relaxation come with every Atlantic pool! ...
Atlantic Pool Products - Category
Premium Above Ground Pool. Neptune. Quality Above Ground Pools ... © Copyright 2011 Atlantic Pool Products. Designed & Developed by Empty Space Design. ...
Atlantic Pool Products :: Find Filters By Manufacturer ...
... for Atlantic Pool Products PoolDeals.com: For The Very Best Deals On Swimming Pool Supplies, Pool Equipment, Swimming Pool Liners, Pool Covers, Inground Pool liners & More! ...
ShopAtSwimmingPool > Home
Your cart total is $0.00. >> View Cart. Credit Card Processing. Powered ... Pool Cleaners & Cleaner Parts (123) Suction Cleaners. Pressure Cleaners. Electric Cleaners ...
ShopAtSwimmingPool > SearchResults
PENTAIR POOL PRODUCTS (PACFAB): 58941490, 58941400, 58942000, 58943300, 58921000, 58942900, 58943000, ... ATLANTIC POOL PRODUCTS LTD.: 94086935, 94083755, , 94083760, , 94083770, ...