NEW YORK, Jan. 13, 2017 /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 the "ECO" VLCC the
Gener8 Hector on January 6,
2017 from Hanjin Heavy Industries and Construction
Philippines, Inc. ("HHIC"). The Gener8 Hector
represents the nineteenth of 21 "ECO" VLCCs expected to be
delivered into Gener8 Maritime's fleet. Upon delivery,
the Gener8 Hector entered Navig8 Group's VL8
Pool.
About Gener8 Maritime
As of January 12, 2017, Gener8 Maritime has a fleet of
42 wholly-owned vessels comprised of 26 VLCCs, including 2
newbuildings, 10 Suezmaxes, four Aframaxes, and two Panamax
tankers. On a fully-delivered basis, Gener8 Maritime's fleet
has a total carrying capacity of approximately 10.0 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.