- Business
- Gener8 Maritime, Inc. (GNRT) provides international seaborne crude oil and petroleum products transportation services through a fleet of tankers. The company operates very large crude carriers (VLCCs), Suezmax tankers, Aframax tankers, and Panamax tankers; its vessels are primarily employed in commercial pools or on spot voyage and time charter basis for long-haul crude oil trades, particularly to Asia. Gener8 Maritime conducts global operations with vessels serving international routes and targets major oil producers and refiners as customers.
Incorporated in the Republic of the Marshall Islands and headquartered in New York, New York, the company traces its origins to a 2015 merger between General Maritime Corporation (founded 1997) and Navig8 Crude Tankers Inc., which created a fully delivered fleet of approximately 46 vessels exceeding 11 million deadweight tons.
In a major strategic development, Gener8 Maritime merged with Euronav NV in June 2018, becoming Euronav MI II Inc., a wholly-owned subsidiary of Euronav NV (now CMB.TECH NV); this combination formed one of the world's largest independent crude tanker operators with over 75 vessels, including 43 VLCCs and 27 Suezmaxes totaling more than 19 million deadweight tons, enhanced liquidity exceeding $750 million, and pooled commercial management. No significant acquisitions, funding rounds, or new product launches have been reported since the merger.