**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,** | ** ** |
|----------------------------------------------------------------------------|------------|-----------------------------|------------|
| ** **                                                                 | ** ** | **2004**                    | ** ** | **2003** | ** ** | **2002** | ** ** | **2001** | ** ** | **2000** | ** ** |
| Fixed Charges                                                              |       |                        |       |   |   |   |   |   |   |   |   |
| Interest expense                                                           |       | $                           | 38,831     |   | $ | 35,505 |   | $ | 14,747 |   | $ | 17,728 |   | $ | 19,900 |   |
| Amortized loan fees                                                        |       | 3,142                       |       | 3,468 |   | 1,492 |   | 890 |   | 691 |   |
|                                                                       |       |                        |       |   |   |   |   |   |   |   |   |
| **Fixed Charges**                                                          | ** ** | **41,973**                  | ** ** | **38,973** | ** ** | **16,239** | ** ** | **18,618** | ** ** | **20,591** | ** ** |
|                                                                       |       |                        |       |   |   |   |   |   |   |   |   |
| Earnings                                                                   |       |                        |       |   |   |   |   |   |   |   |   |
| Pretax operating income                                                    |       | 315,109                     |       | 84,518 |   | (9,742 | ) | 51,221 |   | 20,282 |   |
| Fixed charges                                                              |       | 41,973                      |       | 38,973 |   | 16,239 |   | 18,618 |   | 20,591 |   |
| Capitalized interest                                                       |       | 1,270                       |       | — |   | — |   | — |   | — |   |
|                                                                       |       |                        |       |   |   |   |   |   |   |   |   |
| **Earnings**                                                               | ** ** | **355,812**                 | ** ** | **123,491** | ** ** | **6,497** | ** ** | **69,839** | ** ** | **40,873** | ** ** |
|                                                                       |       |                        |       |   |   |   |   |   |   |   |   |
| Ratio of Earnings to Fixed Charges                                         | ** ** | **8.48**                    | ** ** | **3.17** | ** ** | **0.40** | ** ** | **3.75** | ** ** | **1.98** | ** ** |
|                                                                       |       |                        |       |   |   |   |   |   |   |   |   |
| Ratio of Earnings to Combined Fixed Charges  and Preferred Stock Dividends | ** ** | **8.48**                    | ** ** | **3.17** | ** ** | **0.40** | ** ** | **3.75** | ** ** | **1.98** | ** ** |
|                                                                            |            |                             |            |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

For the year ended December 31, 2002, earnings were insufficient tocover fixed charges by $9,742.

 

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*As defined in Item 503(d) of Regulation S-K of the Securities ExchangeAct of 1934

 

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