Gener8 Maritime Adds 13th ECO VLCC

Gener8 Maritime/David Berry US-based crude oil shipping company Gener8 Maritime has taken delivery of the Gener8 Macedon, the thirteenth of twenty-one ECO Very Large Crude Carriers (VLCC) the company has on order at South Korean shipyards.  The Gener8 Macedon was built by Hyundai Samho Heavy Industries. Upon delivery, the vessel entered Navig8 Groups VL8 Pool. Six more VLCC newbuildings are scheduled for delivery in 2016, with two vessels expected in 2017. As of August 31, 2016, Gener8 Maritime has a fleet of 43 wholly-owned vessels comprised of 26 VLCCs, 11 Suezmaxes, four Aframaxes, and two Panamax tankers. In the second quarter of this year, Gener8 Maritime recorded a 91% increase in its net income to USD 38 million, compared to USD 19.9 million seen in the same quarter a year earlier.