Search results for: Gener8 Maritime

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  • 9 May 2017
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime recorded a net income of USD 26.9 million for the three months ended March 31, 2017, compared to USD 60.9 million seen in the same period in the prior year. During the quarter, the company’s vessel operating days increased by 24.4% to 3,510, compared to 2,822 in the […]

  • 21 December 2017
    Business & Finance

    Euronav NV and Gener8 Maritime have reached an agreement on a stock-for-stock merger.

  • 9 November 2017
    Business & Finance

    New York-based shipping company Gener8 Maritime increased its net loss to USD 67.5 million in the third quarter of this year from USD 37.4 million posted in the corresponding period a year earlier.  Operating loss for the quarter stood at USD 47.7 million, against an operating loss of USD 25.2 million reported in Q3 2016. […]

  • 14 November 2016
    Business & Finance

    Due to a significant decrease in time charter rates, the US-based crude oil shipping company Gener8 Maritime ended the third quarter of 2016 with a net loss of USD 37.4 million, compared to a net income of USD 33.2 million seen in the same period a year earlier. Gener8 Maritime said that its vessel operating days […]

  • 10 November 2015
    Business & Finance

     U.S.-based operator of crude oil tankers Gener8 Maritime, Inc. recorded an adjusted net income of USD 36.5 million for the three months ended September 30, 2015, up from a net loss reported in the same period last year of USD 13.3 million. The increase in adjusted net income was primarily assigned to an increase in the company’s […]

  • 8 May 2015
    Business & Finance

    Crude oil tanker operator General Maritime Corporation and Navig8 Crude Tankers Inc have completed their merger to create Gener8 Maritime, a U.S.-based provider of international seaborne oil transportation services.  Under the deal, Navig8 Crude merged with a newly-formed subsidiary of General Maritime and became a wholly-owned subsidiary of General Maritime. General Maritime was renamed Gener8 Maritime. […]

  • 10 September 2015
    Business & Finance

    New York-headquartered crude tanker owner and operator Gener8 Maritime, Inc. has arranged two separate credit facilities worth up to USD 1.544 billion to finance the construction of 15 Very Large Crude Carriers (VLCCS) under construction in South Korean shipyards, and to refinance previous senior secured credit facilities with Nordea Bank Finland. Gener8 Maritime has entered into a senior secured […]

  • 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) […]

  • 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 […]

  • 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 […]

  • 11 January 2016
    Business & Finance

    U.S.-based tanker owner Gener8 Maritime has taken delivery of two newbuilt tankers from Asia shipbuilders. Namely, Chinese Shanghai Waigaoqiao Shipbuilding Co (SWS) has delivered Gener8 Supreme, featuring 300,960 in deadweight capacity and 347,783 cbm volume. South Korean Daewoo Shipbuilding and Marine Engineering (DSME) has delivered Gener8 Apollo. The 299, 995 dwt ship boasts 335,474 in cbm capacity. […]

  • 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 […]

  • 12 June 2018
    Business & Finance

    Shareholders of Gener8 Maritime approved the merger with Belgium’s Euronav on June 11.

  • 15 March 2018
    Business & Finance

    Gener8 Maritime ended the year with USD 168.5 million net loss.

  • 22 March 2018
    Business & Finance

    Euronav: Activities on making the deal possible are going as planned.

  • 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 […]

  • 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 […]

  • 28 October 2016
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO Very Large Crude Carrier (VLCC) the Gener8 Miltiades on October 25, 2016. Delivered from China’s shipbuilder Shanghai Waigaoqiao Shipbuilding, the 301,000 dwt vessel represents the sixteenth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the 333-meter-long ship […]

  • 27 July 2016
    Business & Finance

      The image above shows Gener8 Oceanus, a Very Large Crude Carrier (VLCC) being built for crude oil shipping company Gener8 Maritime, before its launching at the South Korean Hyundai Samho Heavy Industries’ (HSHI) shipyard last weekend. The 300,000 dwt Gener8 Oceanus is one of 21 ECO VLCCs featuring eco engines, which will be added to the company’s fleet. The vessel […]

  • 9 August 2018
    Business & Finance

    Belgian crude oil tanker company Euronav reported a net loss of USD 51.6 million for the first half of 2018.

  • 28 July 2016
    Business & Finance

    Crude oil shipping company Gener8 Maritime recorded a 91% increase in its quarterly net income to USD 38 million, compared to USD 19.9 million seen in the same quarter a year earlier. The average daily spot TCE rates obtained by the company’s Very Large Crude Carrier (VLCC) fleet, including its vessels that were within Navig8 pools, was USD 44,806 […]

  • 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 […]