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Sold in package deal

Sold in package deal to US-based International Seaways for 434M US$ The package consists of „Gener8 Andriotis“, „Gener8 Chiotis“, „Gener8 Miltiades“, „Gener8 Strenght“, „Gener8 Success“ and „Gener8 Supreme“.

Gener8 Maritime, Inc. Announces Delivery of the Gener8 Chiotis

Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of the “ECO” VLCC the Gener8 Chiotis on August 18, 2016 from Shanghai Waigaoqiao Shipbuilding Co. Ltd. The Gener8 Chiotis represents the twelfth of 21 “ECO” VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the Gener8 Chiotis entered Navig8 Group’s VL8 Pool. As of August 22, 2016, Gener8 Maritime has a fleet of 44 wholly-owned vessels comprised of 27 VLCCs, including 9 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 10.5 million deadweight tons (“DWT”) and an average age of approximately 5 years on a DWT basis. Gener8 Maritime is incorporated under the laws of the Marshall Islands and headquartered in New York. Source: Gener8 Maritime