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General Maritime (GMR)

Stock (Energy Industry, Shipping Industry, Transportation Industry)

GMR's Q4 Earnings Report Reveals Low Net Income GMR's full year results for 2007 revealed a 70% drop in net income as the tanker industry experienced high operating costs from rising oil prices and were unable to charge high rates for their services due to an oversupply of ships built in 2006. GMR and GNK host joint investor and analyst meeting A meeting by General Maritime Corporation and Genco Shipping and Trading Limited had successful presentations that caused a rise in stock price.

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