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New York, Sept. 17, 2015 Gener8 Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime"), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced that it took delivery of the ECO VLCC Gener8 Neptune from Daewoo Shipbuilding & Marine Engineering on September 11, 2015. The Gener8 Neptune represents the first of 21 "ECO" VLCCs expected to be delivered into Gener8 Maritime's fleet. Peter Georgiopoulos, Chairman and Chief Executive Officer, commented, "We are pleased to have taken delivery of the first ship in our 'ECO' VLCC newbuilding program and look forward to building out our VLCC fleet as we take deliveries from our current order book over the next 18 months." Upon delivery, the Gener8 Neptune will be entered into Navig8's VL8 Pool. About Gener8 Maritime Gener8 Maritime has a fully-delivered fleet of 47 vessels, including one time-chartered-in VLCC. Gener8's owned fleet is comprised of 20 VLCC newbuildings and 26 vessels on the water consisting of 8 VLCCs, 11 Suezmaxes, four Aframaxes, two Panamax tankers, and one Handymax tanker, with a total carrying capacity of over 11.1 million deadweight tons, and average age on a DWT basis of less than 6 years upon delivery of the newbuildings. Gener8 Maritime is incorporated under the laws of the Marshall Islands and headquartered in New York. Gener8 Maritime - Press Release |
