GENER8 MARITIME

Gener8 Maritime combines art and science to deliver disruptive solutions in high growth industries. Gener8 Maritime is a provider of international seaborne crude oil transportation services, resulting from a transformative merger between General Maritime Corporation, a well-known tanker owner, and Navig8 Crude Tankers, a company-sponsored by the Navig8 Group, one of the largest independent vessel pool managers. They own a fleet of 45 tankers, including 33 vessels on the water, consisting of 16... VLCCs, 11 Suezmax vessels, 4 Aframax vessels, and 2 Panamax vessels, with an aggregate carrying capacity of approximately 7.2mm deadweight tons, or "DWT," as of April 30, 2016, and 12 "eco" VLCC new buildings equipped with advanced, fuel-saving technology, that are being constructed at highly reputable shipyards, with expected remaining deliveries from May 2016 through February 2017. These new buildings are expected to increase their fleet capacity to approximately 10.8mm DWT, based on the contractually-guaranteed minimum DWT of the newbuild vessels. After the delivery of these vessels, they believe that their VLCC fleet will be larger than any owned by a U.S. publicly-listed shipping company and will be one of the top five non-state-owned VLCC fleets worldwide based on currently estimated fleet and order book sizes. In addition to being one of the largest owners by deadweight tonnage of VLCC and Suezmax vessels, they believe they will uniquely benefit from their strategic commercial management relationship with the Navig8 Group, the largest fully-integrated commercial management platform in the industry.More