Crude oil transporter General Maritime (GMR) files for bankruptcy amid low freight rates and a...

|About: General Maritime Corporation (GMRRQ)|By:, SA News Editor

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.