GMRRQ
General Maritime CorporationOTC Markets
GMRRQ is defunct.
  • Nov. 17, 2011, 9:49 AM

    Crude oil transporter General Maritime (GMR) files for bankruptcy amid low freight rates and a surplus of ships. Oaktree Capital Management will provide a $175M equity investment and a group led by Nordea Bank Finland will provide up to $100M in financing to help GMR through reorganization.

    | Nov. 17, 2011, 9:49 AM | 2 Comments
  • Oct. 11, 2011, 5:15 PM
    Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most ships since the 1980s as they contend with a glut that's driven charter rates to the lowest in at least 14 years. And it may not be enough to end the slump: Forward freight agreements anticipate rates no higher than $13,819/day through 2013, far below breakeven.
    | Oct. 11, 2011, 5:15 PM
  • Oct. 5, 2011, 11:12 AM

    General Maritime (GMR -8.3%) continues trading into the abyss after failing to make a scheduled principal payment to its creditors yesterday. This morning S&P cut its rating again to selective default. The oil shipper has declined steadily from $5 a year ago to just pennies on the dollar today.

    | Oct. 5, 2011, 11:12 AM
  • Sep. 2, 2011, 12:06 PM

    Moody's Investors Service cuts General Maritime (GMR -3.2%) three notches and leaves the door open for an additional downgrade, saying the oil-tanker's liquidity is still draining while rates continue to come down.

    | Sep. 2, 2011, 12:06 PM
  • Aug. 10, 2011, 7:52 AM

    FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is vulnerable to macroeconomic risks which could "depress demand and slow the tightening of the tanker market." Converesly, firm upgrades NAT to Outperform, lauding its "healthy dividend yield, firm fiscal footing, and disciplined management." FRO -2.5% premarket.

    | Aug. 10, 2011, 7:52 AM | 2 Comments
  • May 10, 2011, 4:36 PM
    General Maritime (GMR): Q1 EPS of -$0.31 in-line. Revenue of $59M (-11% Y/Y) beats by $1M. (PR)
    | May 10, 2011, 4:36 PM
  • May 10, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ARNA, DIS, DPTR, GMR, HRBN, MBI, MCP, MDR, NUAN, ROVI, SRX, STEC, ZAGG
    | May 10, 2011, 12:10 AM
  • Mar. 31, 2011, 9:00 AM

    Premarket gainers: SYMX +51%. TSLA +15%. AUO +6%. QIHU +5%. SYNM +5%. GOLD +4%. DNDN +4%. DRYS +4%. CLNE +4%. SPIL +3%.
    Losers: ABAT -15%. LSE -5%. LVS -5%. GMR -3%.

    | Mar. 31, 2011, 9:00 AM
  • Mar. 17, 2011, 9:10 AM

    Premarket gainers: CTIC +11%. SNE +8%. CIGX +7%. KYO +6%. SI +6%. GPL +5%. CPST +5%. FDX +5%. PC +5%. STD +5%. RDS +4%. VOD +4%. RIO +4%. TEF +4%. ARMH +4%. CREE +4%. SNN +4%. TOT +4%. ABB +4%. BBVA +4%. VE +4%. MT +4%. UPS +4%. NOK +3%. ALU +4%. HERO +3%. URRE +3%. CLF +3%. LVLT +3%. BHP +3%. STO +3%. MGM +3%.
    Losers: GMR -30%. GES -7%. KWK -6%. HSOL -6%. NRP -6%. SNBC -5%. LULU -4%. PHI -4%. THQI -3%.

    | Mar. 17, 2011, 9:10 AM
  • Feb. 3, 2011, 3:25 PM
    The plunge in the Baltic Dry Index says more about overcapacity in the tanker industry than the direction of the world economy. A JP Morgan analyst sees demand for space growing at a healthy 8.1% this year, but capacity growing even faster. BALT -0.5%. DSX +0.7%. SEA +0.04%.
    | Feb. 3, 2011, 3:25 PM | 1 Comment
  • Jan. 28, 2011, 4:48 PM

    Shares of tankers and shippers surged today as investors bet on a shutdown of the Suez Canal: GMR +10.3%, FRO +7.7%, OSG +6%. But Dennis Gartman has his eye on the entire Middle East, with early unrest in Yemen and potentially spreading to oil-rich Iran. He thinks Canada could benefit, with Suncor Energy (SU +3%) the "best play" on Canadian oil.

    | Jan. 28, 2011, 4:48 PM | 1 Comment
  • Jul. 21, 2010, 8:53 AM

    JPMorgan updates its ratings on tanker companies, upgrading Frontline (FRO +2.7%), Overseas Shipholding (OSG +1.4%) and General Maritime (GMR +2.7%), and downgrading Tsakos Energy Navigation (TNP -1.7%), Ship Finance International (SFL -3.1%) and Capital Product Partners (CPLP).

    | Jul. 21, 2010, 8:53 AM
  • Jun. 18, 2010, 9:00 AM

    Premarket gainers: AMLN +11%. WAG +8%. NIV +7%. SMOD +6%. FRE +5%. CVS +5%. AIB +4%. RIG +4%. BBVA +4%.
    Losers: SATC -6%. GMR -5%. VVUS -5%. EPB -4%.

    | Jun. 18, 2010, 9:00 AM
  • Jul. 30, 2009, 9:00 AM

    Premarket gainers: CIT +19%. EMKR +12%. CVC +11%. BT +11%. ARIA +11%. IRE +10%. HIG +10%. MOT +8%. NWL +8%. AKRX +7%. MA +7%. AIB +7%. ALU +7%. GE +6%. RTP +6%. ELY +5%. ARMH +5%. GNW +5%. AXL +7%. RCL +5%. TSM +5%. EGLE +5%. LVS +5%. YGE +5%. BCS +5%. MGM +4%. BHP +4%. SOL +4%. MT +4%. CLF +5%. CNO +4%. USU +4%.
    Losers: PCBC -17%. AKAM -16%. INO -12%. GMR -9%. TOO -9%. SYMC -9%. CATY -7%. GHL -6%. CTV -6%.

    | Jul. 30, 2009, 9:00 AM
  • Dec. 22, 2008, 11:04 AM
    Tankers are struggling this morning after multiple downgrades, what with OPEC cutting output and the expense and difficulty of borrowing money. NAT -8.2%. TNK -18%. TNP -6.3%. GMR -12%.
    | Dec. 22, 2008, 11:04 AM