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Peter Georgiopoulos, son of a maritime lawyer, created one of the most successful shipping companies of the world. A financial maverick, Georgiopoulos used his business acumen and art of deal-making to acquire some quality vessels to his fleet. Georgiopoulos spotted opportunities in contracts, ferrying crude oil for big companies. In 1997 he established General Maritime Ship Holdings (Genmar). But he couldn''t get any contracts immediately, as he was not an established player. He needed a track record, so he negotiated with Universal Tankships, then a highly regarded firm, into managing his first ship. He then poached some of Universal''s key executives and began acquiring a large fleet of ships. By 2003 Genmar became a leading provider of international sea borne crude oil transporter. It owned and operated the second largest fleet of mid- sized tankers of the world. A structured assignment ''804-004-4'' is available to accompany this case.