Gener8 Maritime Adds New ECO VLCC, Earns Less in 2016

The US-based crude oil shipping company Gener8 Maritime has taken delivery of its ECO very large crude carrier (VLCC) the Gener8 Ethos, the 20th ship from the company’s 21 ECO newbuilding program.

Gener8 Maritime Sees Red Ink amid Weak Charter Rates

Due to a significant decrease in time charter rates, the US-based crude oil shipping company Gener8 Maritime ended the third quarter of 2016 with a net loss of USD 37.4 million, compared to a net income of USD 33.2 million seen in the same period a year e