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Gener8 Maritime sells sole MR tanker

Gener8 Maritime is selling its only MR Tanker for $17.5m.

Marcus Hand, Editor

January 6, 2016

1 Min Read
Kalyakan - stock.adobe.com

In a move to focus on larger vessels Gener8 is selling the 2004-built Gener8 Consul to an undisclosed buyer with delivery next month.

The $17.5m sale will generate $9.8m in net proceeds which will be used to pay debt and for general corporate purposes.

"We are pleased to have reached an initial agreement for the sale of our sole MR tanker, further allowing the company to focus on the larger segment of the tanker market," said Peter Georgiopoulos, chairman and ceo of Gener8.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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