( BW)(CT-TRIPLE-POINT) General Maritime Corporation Selects Triple
Point Technology to Manage Global Freight Tanker Fleet; Triple Point
Commodity XL to Enhance Vessel Management and Hedging Opportunities

    Business Editors/Energy Editors/Logistics & Transportation Writers

    WESTPORT, Conn.--(BUSINESS WIRE)--June 14, 2005--General Maritime
Corporation, a provider of international seaborne crude oil
transportation services with one of the largest tanker fleets in the
world, is deploying Triple Point's Commodity XL(TM) next-generation
software solution to improve the physical operations and
revenue-generating potential of its global tanker fleet. Triple Point
Technology is the leading global supplier of cross-industry software
platforms for the supply, trading, marketing and movement of
commodities.
    General Maritime, whose clients include Chevron, CITGO,
Exxon-Mobil, Phillips and Texaco, is deploying Triple Point Commodity
XL to improve the trading of physical and derivatives contracts
involving its fleet of tankers. Triple Point's solution integrates
physical positions to show freight dependencies with freight hedges,
enabling General Maritime to more profitably hedge tanker positions
and enter the global freight forward market. In addition, the Triple
Point system's sophisticated risk management capabilities identify
areas of risk involving its physical freight routes while analyzing
'what-if' scenarios and results of forward freight agreements (FFAs).
    "The freight market has gained in importance and volume in the
last few years," said Peter Armstrong, president of Triple Point
Technology. "Many of our clients, in addition to General Maritime,
have seen the value in using an integrated system to manage and
measure their global freight trading."

    About Triple Point Commodity XL(TM)

    Triple Point Commodity XL manages the logistical and financial
complexities of commodity trading and movement anywhere in the world.
The next-generation platform enables producers, traders, refiners,
marketers, distributors and consumers to profitably manage the
opportunities and risks involved in the purchase, sale, movement and
storage of commodities including gas, power, crude oil and refined
products, coal/coke, base metals and ores, agri-foods and other soft
commodities, and shipping and freight. Triple Point Commodity XL
streamlines the processing of physical and financial trades, reduces
transaction and transportation costs, improves logistical and
operational efficiencies throughout the supply chain, delivers precise
risk analyses and position management, and helps ensure SOX and
FAS/IAS compliance.
    The Triple Point Commodity XL platform is comprised of a family of
commodity-specific products that can be deployed alone or in seamless
combination with each other to manage every aspect of global
cross-industry commercial operations. This interoperability gives
clients a single, real-time view of supply and delivery obligations,
financial risk and market exposure either in a single market or across
all commodities and markets--and all desktops--around the world.

    About General Maritime Corporation

    General Maritime Corporation is a provider of international
seaborne crude oil transportation services principally within the
Atlantic basin, which includes ports in the Caribbean, South and
Central America, the United States, West Africa, the Mediterranean,
Europe and the North Sea. It currently operates tankers in other
regions including the Black Sea and Far East. General Maritime
Corporation currently owns and operates a fleet of tankers - 26
Aframax and 17 Suezmax tankers and 4 Suezmax new-building contracts -
making it the second largest mid-sized tanker company in the world
with a carrying capacity of approximately 5.9 million deadweight tons
(dwt).

    About Triple Point Technology Inc.

    Founded in 1993, Triple Point Technology is the leading global
supplier of cross-industry software platforms for the supply, trading,
marketing and movement of commodities. More than 25 percent of both
Global 500 commodity trading companies and Global 500 energy companies
now use Triple Point software systems to streamline trade processing,
reduce transaction costs, maximize supply chain efficiencies,
precisely measure and monitor market risk, and ensure compliance.
Headquartered in Westport, Connecticut, USA, Triple Point serves
clients in Asia, Africa, Australia, Europe, North America and South
America from its five development and support centers strategically
located around the world. More information is available at
www.tpt.com.

    --30--TM/ny*

    CONTACT: For Triple Point
             Jay O'Brien, +1-617-388-3638
             jayo@tpt.com