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General Maritime's CEO Discusses Q1 2011 Results - Earnings Call Transcript

Stocks in this article: GMR

General Maritime (GMR)

Q1 2011 Earnings Call

May 11, 2011 8:30 am ET

Executives

Jeffrey Pribor - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Peter Bell - Manager and Commercial Director of General Maritime Management LLC

Peter Georgiopoulos - Founder, Chairman and Chief Executive Officer

John Tavlarios - President and Director

John Georgiopoulos - Executive Vice President, Secretary and Treasurer

Brian Kerr - IR

Analysts

Robert MacKenzie - FBR Capital Markets & Co.

Gregory Lewis - Crédit Suisse AG

Justin Yagerman - Deutsche Bank AG

Michael Schlembach

Justine Fisher - Goldman Sachs Group Inc.

Salvatore Vitale - Sterne Agee & Leach Inc.

Presentation

Operator

Good morning, everyone, and welcome to General Maritime Corporation's Conference Call to discuss the company's 2011 first quarter results. Today's call is being recorded. [Operator Instructions] A replay of the call will be accessible anytime during the next 2 weeks by dialing (888) 203-1112 for U.S. callers and (719) 457-0820 for non-U.S. callers. To access the replay, please enter the code 9206809. At this time, I'd like to turn the conference call over to Mr. Brian Kerr. Please go ahead, sir.

Brian Kerr

Welcome, ladies and gentlemen, to the General Maritime Corporation Conference Call to discuss the company's first quarter results. I would like to remind everyone that this conference call is now being webcast on the company's website, www.generalmaritimecorp.com. There are additional materials related to our earnings announcement, including a slide presentation on our website.

You should be aware that in today's conference call, we will be making certain forward-looking statements that discuss future events and performance. These statements are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. For a discussion of factors that could cause results to differ, please see the company's earnings press release that was issued yesterday and the company's filings with the Securities and Exchange Commission, including without limitation, the company's annual report on Form 10-K for the year ended December 31, 2010, and its subsequent reports on Form 10-Q and Form 8-K.

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