Exhibit 12.1
GENERAL MARITIME CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES*
(Expressed in thousands of United States Dollars, except ratios)
| | Year Ended December 31, | | | Three Months Ended March 31, | |
| | | | | | | | | | | | | | | | | | |
Fixed Charges | | | | | | | | | | | | | | | | | | |
Interest expense | | $ | 32,400 | | | $ | 4,165 | | | $ | 25,541 | | | $ | 29,388 | | | $ | 37,344 | | | $ | 18,692 | |
Capitalized interest | | | 3,475 | | | | 3,571 | | | | 2,385 | | | | 119 | | | | - | | | | - | |
Amortized loan fees | | | 1,968 | | | | 722 | | | | 959 | | | | 1,089 | | | | 1,724 | | | | 637 | |
Fixed Charges | | | 37,843 | | | | 8,458 | | | | 28,885 | | | | 30,596 | | | | 39,068 | | | | 19,329 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Earnings | | | | | | | | | | | | | | | | | | | | | | | | |
Pretax operating income | | | 212,357 | | | | 156,831 | | | | 44,539 | | | | 29,807 | | | | (11,995 | ) | | | (9,079 | ) |
Fixed charges | | | 37,843 | | | | 8,458 | | | | 28,885 | | | | 30,596 | | | | 39,068 | | | | 19,329 | |
Capitalized interest | | | 3,475 | | | | 3,571 | | | | 2,385 | | | | 119 | | | | - | | | | - | |
Earnings | | $ | 246,725 | | | $ | 161,718 | | | $ | 71,039 | | | $ | 60,284 | | | $ | 27,073 | | | $ | 10,250 | |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges | | | 6.52 | | | | 19.12 | | | | 2.46 | | | | 1.97 | | | | 0.69 | (a) | | | 0.53 | (a) |
(a) For the three months ended March 31, 2010 and for year ended December 31, 2009, earnings were insufficient to cover fixed charges by $9,079 and $11,995, respectively.
*As defined in Item 503(d) of Regulation S-K of the Securities Exchange Act of 1934