The share price of General Maritime Corp has taken a battering ending the day on the New York stock exchange 10.5% down.

The last trade was at $0.16 putting the market capitalisation of the Peter Georgiopoulos led tanker owner at less than $20m.

Peter Georgiopoulos
Uncertainty about the outcome of talks with lenders and bond holders appears to be hurting the share price against a background that Deutsche Bank warned earlier this week that a pre-packaged Chapter 11 bankruptcy filing was imminent.

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