General Maritime Corporation Announces Change to Board of Directors

NEW YORK, Dec. 26 /PRNewswire-FirstCall/ -- General Maritime Corporation (NYSE: GMR) today announced Steve A. Kaplan has stepped down from the Company's Board of Directors effective December 21, 2007.

Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, stated, "Steve has provided more than nine years of dedicated service to General Maritime and its predecessor companies. He has demonstrated an unwavering commitment to serving the interests of our shareholders during a time in which we significantly grew the Company and returned more than $1 billion to shareholders. On behalf of General Maritime, I would like to thank Steve for his valuable contributions and wish him the best in all future endeavors."

Mr. Kaplan commented, "I am proud to have served on General Maritime's Board of Directors for more than six and a half years. Since its inception, General Maritime has built a successful track record in creating value for its shareholders. With a sound balance sheet, high-quality fleet, experienced management team, independent Board and leading industry reputation, the Company is well positioned to deliver strong returns to shareholders as it has done in the past."

Following the departure of Mr. Kaplan, General Maritime will have a total of six Directors. The majority of the Company's Board remains independent with extensive experience in shipping, finance and the capital markets.

About General Maritime Corporation

General Maritime Corporation is a provider of international seaborne crude oil transportation services principally within the Atlantic basin which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea. The Company also currently operates tankers in other regions including the Black Sea and Far East. General Maritime Corporation currently owns and operates a fleet of 21 tankers -- 10 Aframax, 10 Suezmax tankers and 1 Suezmax newbuilding contracts -- making it one of the largest mid-sized tanker companies in the world, with a carrying capacity of approximately 2.8 million dwt.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations. Included among the factors that, in the Company's view, could cause actual results to differ materially from the forward looking statements contained in this press release are the following: changes in demand; a material decline in rates in the tanker market; changes in production of or demand for oil and petroleum products, generally or in particular regions; greater than anticipated levels of tanker newbuilding orders or lower than anticipated rates of tanker scrapping; changes in rules and regulations applicable to the tanker industry, including, without limitation, legislation adopted by international organizations such as the International Maritime Organization and the European Union or by individual countries; actions taken by regulatory authorities; changes in trading patterns significantly impacting overall tanker tonnage requirements; changes in the typical seasonal variations in tanker charter rates; changes in the cost of other modes of oil transportation; changes in oil transportation technology; increases in costs including without limitation: crew wages, insurance, provisions, repairs and maintenance; changes in general domestic and international political conditions; changes in the condition of the Company's vessels or applicable maintenance or regulatory standards (which may affect, among other things, the company's anticipated drydocking or maintenance and repair costs); changes in the itineraries of the Company's vessels; delays in the construction or delivery of contracted newbuildings; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2006 and its subsequent reports on Form 10-Q and Form 8-K.

    CONTACT:
    Jeffrey D. Pribor
    Chief Financial Officer
    General Maritime Corporation
    (212) 763-5680