Website: N/A
Stock Symbol: NYSE: GMR
Market Value: N/A (in millions)
We are a leading provider of international seaborne crude oil transportation
services. Our current fleet consists of 21 wholly owned vessels, consisting of
10 Aframax and 11 Suezmax vessels. The 21 vessels that we currently operate
have a total of 2.7 million dwt, all of which is double-hulled. Many of the
vessels in our fleet are “sister ships”, which provide us with operational and
scheduling flexibility, as well as economies of scale in their operation and
maintenance.
The majority of our vessels currently operate in the Atlantic, which includes
ports in the Caribbean, South and Central America, the United States, Western
Africa, the Mediterranean, Europe and the North Sea. Transportation of crude oil
to the U.S. Gulf Coast and other refining centers in the United States requires
vessel owners and operators to meet more stringent environmental regulations
than in other regions of the world.