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  • 27 April 2015
    Business & Finance

    A chemical tanker fleet operator Navig8 Chemical Tankers has taken delivery of two more ECO 37,000 dwt chemical tankers constructed at Korea’s Hyundai Mipo Dockyard (HMD). The 42,000 cbm Navig8 Ametrine and Navig8 Aventurine are the fourth and the fifth out of eighteen chemical tankers ordered at HMD. Navig8 Chemical Tankers has also recently closed a private placement […]

  • 8 May 2017
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime has decided to dispose of two of its very large crude carriers (VLCCs), a representative from VesselsValue confirmed to World Maritime News. The 320,000 dwt Gener8 Noble and Gener8 Theseus have been sold in an en block transaction for USD 81 million each to Malaysia’s AET. The two Liberia-flagged […]

  • 10 January 2017

    Petroleum products shipping specialist Navig8 Product Tankers has taken delivery of the Navig8 Gauntlet, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gauntlet is the sixth of eight vessels contracted at GSI to be delivered to the company and is the sixth vessel to be delivered under the sale […]

  • 12 April 2016
    Business & Finance

    Navig8 Group, a provider of maritime services, has entered into agreements to acquire RKOffshore Management (RKOM), a provider of marine services to the offshore energy industry. RKOM operates and manages a fleet of shallow to mid-water Offshore Support Vessels (OSVs). Under these agreements, RKOM will become a wholly-owned subsidiary of Navig8 Offshore, a newly-formed division […]

  • 1 August 2017
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime revealed it has entered into agreements to sell its three older vessels. Following the sale, agreed in July 2017, the company expects to receive net cash proceeds of USD 3.4 million after debt repayment of USD 24.1 million. The vessels in question are two 1999-built Suezmax tankers, Gener8 Horn […]

  • 13 June 2017
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime informed it has delivered Gener8 Orion, a Suezmax tanker, to its new owners in Singapore. In May, Gener8 inked a sub-sale agreement to sell the 160,000 dwt ship to Elegant Ship Management for USD 13.3 million, VesselsValue’s data shows. The tanker, which was built by South Korean shipbuilder Samsung […]

  • 13 September 2016
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime has taken delivery of two ECO Very Large Crude Carriers (VLCCs), the Gener8 Perseus and the Gener8 Oceanus, from South Korean shipbuilders. The Gener8 Perseus was delivered to the company from Hyundai Heavy Industries (HHI) on September 9, 2016, and the Gener8 Oceanus from Hyundai Samho Heavy Industries (HSHI) […]

  • 24 January 2017
    Business & Finance

    The seventh newbuilding product tanker has been delivered to the shipping firm Navig8 Product Tankers from Chinese shipbuilder Guangzhou Shipyard International Company Limited. Featuring 113,000 dwt, the LR2 tanker Navig8 Gladiator was ordered as part of a batch of eight ships from the former CSSC Offshore & Marine Engineering (Group) Company Limited, now GSI. With 128,000 cbm, the new ship is […]

  • 28 October 2015
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime has entered into a USD 60.2 million term loan facility with Citibank to fund a portion of the remaining installment payments due under the shipbuilding contract for one very large crude carrier (VLCC) newbuilding. The VLCC in question is the 333-meter Gener8 Strength, currently under construction at Shanghai […]

  • 28 October 2015
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime has entered into a USD 60.2 million term loan facility with Citibank to fund a portion of the remaining installment payments due under the shipbuilding contract for one very large crude carrier (VLCC) newbuilding. The VLCC in question is the 333-meter Gener8 Strength, currently under construction at Shanghai […]

  • 29 November 2016
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO Very Large Crude Carrier (VLCC) the Gener8 Theseus from South Korean shipbuilder Hyundai Heavy Industries. The 300,000 dwt Gener8 Theseus represents the eighteenth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the Gener8 Theseus, featuring a […]

  • 13 January 2017
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO very large crude carrier (VLCC) Gener8 Hector from Hanjin Heavy Industries and Construction Philippines, Inc. Gener8 Hector, which was delivered on January 6, 2017, represents the nineteenth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the Gener8 Hector […]

  • 23 June 2017
    Business & Finance

    Greece-based shipping company Atlas Maritime has become the latest shipowner to join Navig8’s V8 Pool. The pool operator said that the company will deploy its Aframax tanker MT Lady M in the coming days. Featuring 115,400 dwt, the 2003-built tanker will take the number of vessels committed to the V8 Pool to 19 units. Since the […]

  • 29 March 2016
    Business & Finance

    Crude oil shipping company Gener8 Maritime has taken delivery of the “ECO” VLCC the Gener8 Success from Chinese shipbuilder Shanghai Waigoqiao Shipbuilding Co. The Gener8 Success represents the eighth of 21 “ECO” VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the Gener8 Success entered Navig8’s VL8 Pool. This is the fourth newbuild to […]

  • 16 August 2018

    New Times Shipbuilding names Navig8′ new 111,000 dwt oil tanker.

  • 26 October 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has expanded its fleet as it took delivery of a 25,000 dwt stainless steel chemical tanker, the Navig8 Stellar. Delivered by the Japanese shipbuilder Kitanihon Shipbuilding, Navig8 Stellar is the fourth of six vessels contracted at the shipyard to be delivered to the company. The tanker is also the second and final […]

  • 13 July 2015
    Business & Finance

    Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at Sungdong Shipbuilding & Marine Engineering Co., Ltd, […]

  • 3 October 2017
    Business & Finance

    US-based Gener8 Maritime has reached an agreement with Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to cut the price for the company’s final VLCC newbuilding. Under the amendment, entered into on September 26, the parties agreed a USD 19.3 million reduction in the contract price, including USD 5.4 million in liquidated damages related to the late […]

  • 5 September 2019
    Business & Finance

    Navig8 Gauntlet is the sixth in a series of eight scrubber-fitted tankers in the company’s newbuilding program.

  • 13 March 2017
    Business & Finance

    The US-based crude oil shipping company Gener8 Maritime has taken delivery of its ECO very large crude carrier (VLCC) the Gener8 Ethos, the 20th ship from the company’s 21 ECO newbuilding program. Handed over on March 9, the 299,000 dwt tanker was constructed by South Korea’s shipbuilder Hyundai Samho Heavy Industries. Featuring a length of […]

  • 13 July 2015
    Business & Finance

    Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at Sungdong Shipbuilding & Marine Engineering Co., Ltd, […]

  • 25 April 2016
    Business & Finance

    Shipping company Navig8 Product Tankers Inc. has entered into a USD 130.3 million senior secured credit facility agreement for post-delivery financing for four 74,000 DWT LR1 product tankers. The loan, entered into with Citibank N.A., London Branch and Caixabank, S.A., is for vessels which were either constructed or are currently under construction at South Korea’s STX Offshore […]