Peter C. Georgiopoulos is our founder and has served as Chairman, CEO and director since our inception in 1997. From 1991 to 1997, Peter C. Georgiopoulos was the principal of Maritime Equity Management a ship-owning and investment company that he founded in 1991. From 1990 to 1991, Peter C. Georgiopoulos was affiliated with Mallory Jones Lynch & Associates an oil tanker brokerage firm. From 1987 to 1990, Peter C. Georgiopoulos was an investment banker at Drexel Burnham Lambert. Prior to entering the investment banking business, Peter C. Georgiopoulos had extensive experience in the sale, purchase and chartering of vessels while working for shipowners in New York and Piraeus Greece. Peter C. Georgiopoulos is a member of the American Bureau of Shipping. Peter C. Georgiopoulos holds an MBA from Dartmouth College.

John P. Tavlarios is the President and Chief Executive Officer of General Maritime Management LLC. From May 2001 to December 2002 Mr. Tavlarios served as the President and Chief Operating Officer of General Maritime Corporation. From our inception in 1997 to January 2000, Mr. Tavlarios served as our Executive Vice President. From 1995 to 1997, Mr. Tavlarios was affiliated with Maritime Equity Management, where he served as Director of Maritime Operations. From 1992 to 1995 Mr. Tavlarios was President and founder of Halcyon Trading company, a consulting firm specializing in international business development with a particular emphasis on the international oil industry. From 1984 to 1992, Mr. Tavlarios was employed at Mobil Oil Corporation spending most of his tenure in the Marine Operations and the Marketing and Refining divisions. Prior to 1984, Mr. Tavlarios was involved in his family’s shipping business, assisting in marine operations. Mr. Tavlarios is a member of the American Bureau of Shipping, the Det Norske Veritas North American Committee, the SKULD Board of Directors, Board of Trustees of the Seamans Church Institute and the North American Panel of Intertanko. John P. Tavlarios holds an MBA from St. Johns University.

William J. Crabtree has served as a director of our company since May 2001. Mr. Crabtree currently serves as consultant for Universe Tankships (Delaware) LLC, a company that provides technical management services for oil and drybulk vessels. From 1972 to 1996, Mr. Crabtree served in capacities from Marine Counsel for the Commonwealth Oil Refining Company from 1971 to 1972. From 1968 to 1972, Mr. Crabtree was an associate at the law firm of Kirlin, Campbell, and Keating. Mr. Crabtree is a member of the Maritime Law Association of the United States and the American Bureau of Shipping.

Rex W. Harrington has served as a director of our company since May 2001. Mr. Harrington has served as Shipping Advisor to The Royal Bank of Scotland plc since his retirement in 1998. Mr. Harrington served as Director of Shipping of The Royal Bank of Scotland plc from 1990 to 1998, Assistant General Manager, Shipping from 1980 to 1990 and Senior Manager, Shipping from 1973 to 1980. From 1969 to 1973, Mr. Harrington served as an executive of Baring Brothers & Co., Ltd., an international merchant-banking firm, and from 1957 to 1969 served in various capacities in the Bank of England ending as Secretary of the Foreign Exchange Control Committee. Mr. Harrington currently serves as Deputy Chairman of the International Maritime Industries Forum, as a Director of the International Chamber of Commerce, Commercial Crime Services, which incorporated the International Maritime Bureau, and as a member of the General Committee of Lloyds Register of Shipping, London Advisory Panel of InterCargo, the Baltic Exchange and the Steering Committee of the London Shipping Law Center. Mr. Harrington was previously a Director of H. Clarkson Limited (International Shipbrokers) from 1995 to 1998 and a Director of Lloyds Register of Shipping from 1994 to 1999.

John O. Hatab has served as a director since September 2004. Mr. Hatab is a retired partner of PricewaterhouseCoopers LLP, with over 39 years of service. Most recently, Mr. Hatab was Managing Partner of Business Development for the New York Metro Region, the firm's largest practice with over 550 partners and 4,500 professional staff. Mr. Hatab was previously Chief Executive Officer of the New York Metro Region tax service practice and Managing Partner of the New York office tax practice. Prior to the merger of Price Waterhouse and Coopers & Lybrand, Mr. Hatab served as Chief Executive Officer of the Price Waterhouse East Region tax practice, the largest tax practice in the firm. Mr. Hatab is a Certified Public Accountant. He holds a B.S. from Lehigh University and an M.B.A. from Seton Hall University.

Peter S. Shaerf has served as a director of the Company since May 2001. Mr. Shaerf is a Managing Director of American Marine Advisors, Inc., an investment bank specializing in the maritime industry. From 1998 until April 2002, Mr. Shaerf was a Managing Director of Poseidon Capital Corp., an independent maritime consulting and investment company that works extensively in the investment community. Since 1980, he has been a partner of The Commonwealth Group a brokerage and consulting company that specializes in the liner shipping industry. From 1977 to 1980, he was a director of Common Brothers U.S.A. Ltd., a shipbroking subsidiary of a British shipowner of dry cargo and tanker tonnage. Mr. Shaerf currently serves as a director of MC Shipping, Inc. an American Stock Exchange listed company, a position he has held since 1993, and as a director of TBS International Ltd., a liner operator. In April 2002, he was appointed to the board of directors of Trailerbridge, Inc., a company listed on the Nasdaq Stock Market.