10:20 : General Maritime ([[GMR]] -8.3%) continues trading into the abyss after ... -
General Maritime (GMR -8.3%) continues trading into the abyss after failing to make a scheduled principal payment to its creditors yesterday. This morning S&P cut its rating again to selective default. The oil shipper has declined ...
11:31 : Moody's Investors Service cuts General Maritime ([[GMR]] -3.2%) three ... -
Moody's Investors Service cuts General Maritime (GMR -3.2%) three notches and leaves the door open for an additional downgrade, saying the oil-tanker's liquidity is still draining while rates continue to come down. Post your comment!