Exhibit 12.1
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