GMR and ATB Become One

On Tuesday, the shareholders of both General Maritime Corporation (“Genmar”) and Arlington Tankers Ltd. (“Arlington”) approved the proposed combination of the companies with an ample majority. At the Genmar meeting, 21.9 million votes were cast in favor of the combination with 0.1 million against. The shares voting for adoption of the combination represented 99.25% of the shares voted at the meeting and approximately 69.97% of the shares outstanding. In the case of Arlington, 9.8 million shares were voted for the merger with 1.2 million voting against. In this instance the shares voted in favor represented approximately 89% of the shares voted at the meeting and 63.6% of the shares outstanding.

The new Genmar is now well-positioned with its diverse double hull fleet to provide quality service to its charterers

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