Gener8 Maritime Announces Delivery of the Gener8 Andriotis

By Vessels

Gener8 Maritime, Inc. (NYSE: GNRT) (Gener8 Maritime), a leading U.S.-based provider of international seaborne crude oil transportation services, announced on Friday that it took delivery of the "ECO" VLCC the Gener8 Andriotis on May 12, 2016 from Shanghai Waigaoqiao Shipbuilding Co., Ltd.

Gener8 Maritime Announces Delivery of the Gener8 Andriotis

The Gener8 Andriotis represents the tenth of 21 "ECO" VLCCs expected to be delivered into Gener8 Maritime's fleet. Upon delivery, the Gener8 Andriotis entered Navig8 Group's VL8 Pool.

As of today, Gener8 Maritime has a fleet of 45 wholly-owned vessels comprised of 28 VLCCs, including 11 newbuildings, 11 Suezmaxes, four Aframaxes, and two Panamax tankers. On a fully-delivered basis, Gener8 Maritime's fleet has a total carrying capacity of approximately 10.8 million deadweight tons ("DWT") and an average age of approximately 5 years on a DWT basis.

Source: Gener8