Our strategy is to employ our competitive strengths, in order to continue to enhance our position within the market. We aim to provide the safe transportation of oil, serve the U.S. energy needs, and maximize shareholder value.

Focused Acquisitions
By focusing on the mid-size tanker market we have made a conscious effort to be a consolidator within the tanker industry. A number of our vessels have one or two substantially identical "sister ships" in our fleet which can often be used interchangeably. Through having a focused fleet of vessels, we have greater flexibility to deal with a variety of charterers thus lowering our dependency on any one in particular. The size of our fleet also provides us scheduling flexibility and greater economies of scale.

Expanding Presence
Ships within the Atlantic basin primarily serve the U.S. oil market, which is governed by strict environmental regulations. Our fleet of high quality vessels with their excellent safety record, makes them ideally suited to trade within the Atlantic basin, and will help our expansion into this region. With the addition of the 19 vessels from Metrostar Management we will also be able to have an expanded presence in the black sea and Russia where these vessels had been previously trading.

Customer Relationships
Our reputation for quality and service has enabled us to develop relationships with many oil companies. We believe our strong relationships stem from our reputation for dependability and for delivering high quality oil transportation services We intend to use our reputation to strengthen relationships with existing clients and establish relationships with new ones. We seek to be the first choice of the major oil companies for oil transportation.

Commitment to Safety
At General Maritime Corporation we are committed to providing high quality service. Our fleet has an excellent safety record. We intend to maintain our high level of quality and safety by, inspecting our ships frequently and by continuing to maintain them in excellent condition.