Biggest Spenders So Far in 2015

zoom Peter C. Georgiopoulos, founder of General Maritime Corporation The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their merger in May to create Gener8 Maritime Inc., a world-class provider of international seaborne oil transportation services, boasting a combined fully-delivered fleet of 46 vessels. Gener8 is followed by Malaysia International Shipping Corporation Berhad (MISC) with a total spend of USD 1.06 billion assigned for 5 vessels and Euronav, the worlds largest listed crude-tanker operator, which spent USD 776 million on 8 vessels. Ship Finance International has earned fourth place having spent USD 566 million on 11 vessels. The most recent purchase saw Bermuda-headquartered Ship Finance acquire three 9,000 TEU container ships from an unrelated third party. The fifth spot pertains to Sinoker Merchant Marine for the companys investment into ten vessels which cost USD 402 million, Vessels Values data shows. World Maritime News Staff