general maritime

This week, the S&P 500 and Dow Transportation Indices saw losses of 0.2% and 0.7% respectively, “while dry bulk and container stocks saw a gain of 0.8% and 1.1% w/w,” Deutsche Bank reports. “Tankers underperformed with w/w declines of 6.8% after John Fredriksen and his team provided what we...

In a report released yesterday, Sterne Agee commented on General Maritime (NYSE: GMR). In the report, Sterne Agee was mixed in its outlook of the company. Sterne Agee writes, “We are changing our estimates as follows: 2011 goes from a $0.53 loss to a $0.46 loss; 2012 goes from a $0.34 loss to a $0...

Dahlman Rose is out with its report today on General Maritime (NYSE: GMR), maintaining Hold. In a note to clients, Dahlman Rose writes, "Genmar's refinancing significantly improves the company's liquidity and greatly improves its operational flexibility. The cash flow sweep provision of its...

In a recent report, Deutsche Bank has maintained Hold rating on General Maritime (NYSE: GMR) as the company's Q1 results fall inline with Deutsche Bank estimates. In the report, Deutsche Bank said, "After yesterday's close, GMR reported a Q1 adjusted EPS loss of $0.31, inline with our estimate...

In a report published by Morgan Stanley, General Maritime (NYSE: GMR) restructuring is in process. Morgan Stanley said that, in a press release on March 16, GMR announced the delay of its 10-K filing as "it is engaged in ongoing discussions with prospective lenders and investors to seek additional...

Sterne Agee has published a research report on General Maritime Corporation (NYSE: GMR) after the company delays its 10-K in the midst of a restructuring. In the report, Sterne Agee writes "GMR was scheduled to release its 4Q10 results yesterday and host a conference call this morning. Instead it...

Dahlman Rose has published a research report on General Maritime (NYSE: GMR) after the company filed for a 10-K extension and plans for a possible restructuring. In the report, General Maritime writes "Management commented that an independent directors committee has been established to oversee the...

General Maritime Corporation (NYSE: GMR) reported a 3Q10 EPS loss of $0.30, “slightly lower than our ($0.28) estimate,” Dahlman Rose & Co. reports. EBITDA amounted to $20.7MM, lower than its interest expense of $21.3MM (although taking into account restricted stock compensation of ~$2-3MM,...

Morgan Stanely has downgraded the following companies from Equal to Underweight: General Maritime Corporation (NYSE: GMR) $4 price target Overseas Shipholding Group (NYSE: OSG) $25 price target