GNMTC

AcronymDefinition
GNMTCGeneral National Maritime Transport Company (Libya)
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In February 2009, GNMTC took delivery of two 115,000-dwt crude oil tankers, the al-Qadisiyah and al-Jala, from Cido Shipping of Japan.
It is the same cruise ship that was originally ordered by the Libyan state-owned GNMTC in 2010.
"GNMTC is not on the list of designated individuals and entities; however Hannibal Gaddafi is, of course, on the list," said Laura Hamilton, an associate at law firm Norton Rose.
GNMTC also bought two Suezmax tankers in November 2008, one 160,000-dwt vessel from the Greek firm Thenamaris, and one 150,000-dwt vessel from the New York-listed Teekay Corp., both for an unknown amount.
The two deliveries are part of a six-ship deal GNMTC brokered last December which also included four Aframaxes of around 115,000 dwt each, which the Libyan firm bought from Turkey's Geden Lines.
The contract was signed Wednesday between GNMTC General Manager Ali Muftah Balhadj and STX France General Manager Jacques Hardelay in the presence of France's Secretary of State for Transport Dominique Bussereau.
GNMTC took advantage of the global crisis to acquire the tankers at prices 20% lower than in normal circumstances.
Staff at GNMTC on July 24, 2008, stopped crude oil exports to Switzerland.
(GNMTC) - and his wife Western-born wife Aline were in mid-2008 arrested in Geneva on charges they had beaten two household workers during a visit there.
(GNMTC), based in the country, and Tamoil Shipping which is based in London and is part of Oilinvest's integrated system (see Downstream Trends).