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, | |||||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||||||
| 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