IMD-3-1932 © 2008
Lorange, Peter; Lief, Colleen
Begun in 1997 with one tanker, General Maritime prided itself on development and an environmentally-conscious fleet. While its ships were completely chartered through 2010, it deliberately timed its charter expirations for the time when the double-hull tankers in its fleet would likely be chartered at much greater rates.
Its accessible income stream consisted of a mix of area and time charters. Running in a company extremely dependent on product prices, General Maritime looked for to carry out in a constant way to keep and ensure financiers access to capital markets.
Subjects: Shipping industry; Tankers; Balanced strategy; Commodities; Risk management; Innovation
Settings: USA; Global; Shipping US$255 million in 2007; 1997-present
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