General Maritime Corporation Appoints New CFO

General Maritime Corporation announced that it has appointed William "Bill" Viqueira as its new Chief Financial Officer. Mr. Viqueira is expected to join General Maritime on Monday May 5, 2003 and will replace James Christodoulou, who will leave the Company to pursue other interests. Mr. Christodoulou is expected to remain as a consultant with the Company in order to assist with the transition. Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, stated, "We are extremely pleased to have Bill join General Maritime. His extensive financial management and strategic planning experience will benefit General Maritime as we continue to grow and further enhance our leadership as a world-class tanker company. Bill's appointment will also enable General Maritime to continue to provide shareholders with a high level of transparency and integrity in its financial reporting. We would like to thank James for his contribution to General Maritime during critical stages in its development. We wish him continued success in his new pursuits." Mr. Viqueira joins General Maritime with extensive financial management, strategic planning and capital markets experience. He most recently served as the Chief Financial Officer of Intellispace, Inc. Prior to this, he held key management positions with Lucent Technologies, Inc. immediately following its initial public offering and spin-off from AT&T. As Treasurer, Viqueira led a global treasury organization responsible for Lucent's capital and financial structure, customer financing portfolio, bank and capital markets relationships as well as the investment management of pension assets. As Senior Vice President of Business Development at Lucent, Viqueira led a business development team that executed over 30 transactions valued at approximately $35 billion. He began his career with Merrill Lynch & Company where he held various positions for 10 years ultimately serving as Director of Corporate Mergers and Acquisitions. Viqueira earned his bachelor's and master's degrees in economics from The Johns Hopkins University. Mr. Viqueira stated, "I am very excited about the opportunity to work with General Maritime as the Company continues to implement its sound growth strategy, emphasizing financial strength, quality operations and strategic decision making. I look forward to contributing to General Maritime's future success as it builds on its position as the second largest mid-sized tanker owner in the world."