EX-12.1 3 ex12_1.htm EXHIBIT 12.1 ex12_1.htm

Exhibit 12.1
 
GENERAL MARITIME CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands of dollars, except ratios)

   
Nine Months Ended September 30,
 
   
2008
 
Fixed Charges
     
Interest expense
  $ -  
Capitalized interest
    -  
Amortized loan fees
    -  
         
Fixed Charges
    -  
         
Earnings
       
Pretax operating income
    -  
Fixed charges
    -  
Capitalized interest
    -  
         
Earnings
    -  
         
Ratio of Earnings to Fixed Charges
    0.00  

*As defined in Item 503(d) of Regulation S-K of the Securities Exchange Act of 1934
 

 
GENERAL MARITIME SUBSIDIARY CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands of dollars, except ratios)

   
Nine Months Ended September 30,
   
Year Ended December 31,
 
   
2008
   
2007
   
2006
   
2005
   
2004
   
2003
 
Fixed Charges
                                   
Interest expense
  $ 20,658     $ 25,541     $ 4,165     $ 32,400     $ 38,831     $ 35,505  
Capitalized interest
    119       2,385       3,571       3,475       1,270       -  
Amortized loan fees
    792       959       722       1,968       3,142       3,468  
                                                 
Fixed Charges
    21,569       28,885       8,458       37,843       43,243       38,973  
                                                 
Earnings
                                               
Pretax operating income
    41,344       44,539       156,831       212,357       315,109       84,518  
Fixed charges
    21,569       28,885       8,458       37,843       43,243       38,973  
Capitalized interest
    119       2,385       3,571       3,475       1,270       -  
                                                 
Earnings
    62,794       71,039       161,718       246,725       357,082       123,491  
                                                 
Ratio of Earnings to Fixed Charges
    2.91       2.46       19.12       6.52       8.26       3.17  

*As defined in Item 503(d) of Regulation S-K of the Securities Exchange Act of 1934