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, | ||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
| Fixed Charges | ||||||||||||||||||||
| Interest expense | $ | 32,400 | $ | 4,165 | $ | 25,541 | $ | 29,388 | $ | 37,344 | ||||||||||
| Capitalized interest | 3,475 | 3,571 | 2,385 | 119 | - | |||||||||||||||
| Amortized loan fees | 1,968 | 722 | 959 | 1,089 | 1,724 | |||||||||||||||
| Fixed Charges | 37,843 | 8,458 | 28,885 | 30,596 | 39,068 | |||||||||||||||
| Earnings | ||||||||||||||||||||
| Pretax operating income | 212,357 | 156,831 | 44,539 | 29,807 | (11,995 | ) | ||||||||||||||
| Fixed charges | 37,843 | 8,458 | 28,885 | 30,596 | 39,068 | |||||||||||||||
| Capitalized interest | 3,475 | 3,571 | 2,385 | 119 | - | |||||||||||||||
| Earnings | 246,725 | 161,718 | 71,039 | 60,284 | 27,073 | |||||||||||||||
| Ratio of earnings to fixed charges | 6.52 | 19.12 | 2.46 | 1.97 | 0.69 | (a) | ||||||||||||||
(a) For the year ended December 31, 2009, earnings were insufficient to cover fixed charges by $11,995.
*As defined in Item 503(d) of Regulation S-K of the Securities Exchange Act of 1934