EX-12.1 10 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)
 
   
Year Ended December 31,
  
   
2008
    
2007
    
2006
    
2005
    
2004
  
Fixed Charges
                              
Interest expense
   $ 29,388     $ 25,541     $ 4,165     $ 32,400     $ 38,831  
Capitalized interest
     119       2,385       3,571       3,475       1,270  
Amortized loan fees
     1,089       959       722       1,968       3,142  
                                         
Fixed Charges
     30,596       28,885       8,458       37,843       43,243  
                                         
Earnings
                                        
Pretax operating income
     29,807       44,539       156,831       212,357       315,109  
Fixed charges
     30,596       28,885       8,458       37,843       43,243  
Capitalized interest
     119       2,385       3,571       3,475       1,270  
                                         
Earnings
     60,284       71,039       161,718       246,725       357,082  
                                         
Ratio of Earnings to Fixed Charges
     1.97       2.46       19.12       6.52       8.26  
 
*As defined in Item 503(d) of Regulation S-K of the Securities Exchange Act of 1934