Monday, January 22, 2007

Large General Maritime (GMR) Holder Bergesen Worldwide Changes Filing Status to 13D

In a 13D filing on General Maritime Corp. (NYSE: GMR), Bergesen Worldwide/Sohmen Family Foundation disclosed a 11.9% stake (3.86 million shares) in the company. The group changed their filing status from 13G (passive) to 13D (active). The stake remains the same as was reported in an August 13G filing.

The group said while they have no current plans relate to, or that would result in, any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Exchange Act, they may change their intention.

Bergesen Worldwide is a large international shipping company focusing on shipping and the maritime sector.

On August 14, 2006, Bergesen Worldwide purchased an aggregate of 3,860,000 Shares of General Maritime in the open market at a price of $40 per Share for an aggregate purchase price of $154,400,000. Shares of General Maritime are currently at $35.26.

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