General Maritime Corporation Provides Preliminary Expense Expectations for Second Quarter

John P. Tavlarios, Chief Executive Officer and President of General Maritime Management LLC, commented, "During the second quarter, we experienced strong freight rates for the portion of our fleet trading in the spot market. While the favorable market conditions are expected to have a positive impact on revenues for the quarter, our freight derivative contracts, which serve as a hedge to protect against potential market downturns, are expected to result in other expenses for the second quarter. Going forward, we plan to maintain our flexible deployment strategy, which is focused on actively managing our assets through the shipping cycles."

Conference Call Announcement

The Company also announced that it will hold a conference call on Thursday, July 31, 2008 at 10:00 a.m. Eastern Time to discuss its 2008 second quarter financial results. To access the conference call, dial (719) 325-4764 and enter the passcode 8241112. The Company will issue financial results for the second quarter ended June 30, 2008 on Wednesday, July 30, 2008 after the close of market trading.

A replay of the conference call can be accessed until August 14, 2008 by dialing (888) 203-1112 for U.S. callers and (719) 457-0820 for international callers, and entering the passcode 8241112. The conference call will also be simultaneously webcast and will be available on the Company's website, www.GeneralMaritimeCorp.com. The Company intends to place additional materials related to the earnings announcement, including a slide presentation, on its website prior to the conference call.

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 theCaribbean, South andCentral America,the United States, West Africa, the Mediterranean,Europe and the North Sea. We also currently operate tankers in other regions including the Black Sea and Far East. General Maritime Corporation currently owns and operates a fleet of 21 tankers. After the delivery of the two recently acquired Aframax vessels, General Maritime will own a fleet of 23 tankers -- twelve Aframax, and eleven Suezmax tankers with a total carrying capacity of approximately 2.9 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; the fulfillment of the closing conditions under the Company's agreements to acquire two Aframax vessels; 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, 2007 and its subsequent reports on Form 10-Q and Form 8-K.

SOURCE General Maritime Corporation

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