NEW YORK, Sept. 12, 2016 /PRNewswire/ -- Gener8
Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime"), a leading
U.S.-based provider of international seaborne crude oil
transportation services, announced that it took delivery of two
"ECO" VLCCs, the Gener8 Perseus on September 9, 2016 and the Gener8 Oceanus
on September 12, 2016 from Hyundai
Heavy Industries Co., Ltd and Hyundai Samho Heavy Industries Co.,
Ltd., respectively. The Gener8 Perseus and Gener8
Oceanus represent the fourteenth and fifteenth of 21 "ECO"
VLCCs expected to be delivered into Gener8 Maritime's fleet.
Upon delivery, both the Gener8 Perseus and the
Gener8 Oceanus entered Navig8 Group's VL8 Pool.
About Gener8 Maritime
As of September 12, 2016, Gener8 Maritime has a fleet
of 43 wholly-owned vessels comprised of 26 VLCCs, including 6
newbuildings, 11 Suezmaxes, four Aframaxes, and two Panamax
tankers. On a fully-delivered basis, Gener8 Maritine's fleet
has a total carrying capacity of approximately 10.2 million
deadweight tons ("DWT") and an average age of less than 6 years on
a DWT basis. Gener8 Maritime is incorporated under the laws of the
Marshall Islands and headquartered
in New York.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This press release contains
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's current
expectations and observations. Included among the factors that, in
the view of Gener8 Maritime, Inc. (the "Company"), could cause
actual results to differ materially from the forward-looking
statements contained in this press release are the following: the
fulfillment of the closing conditions under, or the execution of
customary additional documentation for, the Company's shipbuilding
contracts; completion and funding of financing on acceptable terms;
delay in the construction of the Company's newbuildings; and other
factors listed from time to time in the Company's filings with the
Securities and Exchange Commission (the "SEC"), including without
limitation, the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2015 and its
subsequent reports on Form 10-Q and Form 8-K. Gener8 Maritime, Inc.
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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SOURCE Gener8 Maritime, Inc.