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