Read all the latest news about Gener8 Maritime. ShippingWatch gives you independent, credible, critical and fair news.
As one of the world's largest transporters of crude oil, Belgium's Euronav has been struck by a market that is completely out of balance. The H1 result clearly reflects this.
Tanker carriers are battling low earnings, and rates are far from high enough to secure black figures in the second quarter, says US firm Morgan Stanley. ShippingWatch has dived into a struggling market for a closer look.
There is still room for consolidation on the tanker market, says CEO Paddy Rodgers of Euronav, which has itself been a first mover with the acquisition of Gener8. Speaking to ShippingWatch, he highlights one competitor as a potential main player in future consolidation.
Der er stadig plads til konsolidering på tankmarkedet, vurderer Euronavs topchef, Paddy Rodgers, som selv har gået forrest med købet af Gener8. Han peger over for ShippingWatch på konkurrent som den mulige hovedaktør i konsolidering fremadrettet.
In June, shareholders in Gener8 Maritime will meet and vote on the announced merger with tanker carrier Euronav.
Til juni skal aktionærerne i Gener8 Maritime mødes og stemme om fusionen med tankrederiet Euronav.
US-based tanker shipping company Gener8 Maritime, on track to be merged with Belgium's Euronav, finished 2017 with a large deficit partly attributed to losses incurred on the sale of two ships.
In a new analysis, Pareto Securities projects that the next six months will bring a massive downturn for VLCC carriers. Meanwhile, another observer questions the strength of the large merger between Euronav and Gener8.
Euronav's offer to shareholders is significantly below the level offered by rival Frontline earlier this year to acquire Oslo-based DHT. Fearnley Securities does not rule out a new bidding war in the crude tanker sector. Frontline still sees opportunities in the market, the carrier tells ShippingWatch.
According to Wall Street Journal, Belgian carrier Euronav is expected to complete merger negotiations with Gener8 Maritime before the end of the week. Deutsche Bank says the merged entity will become the world's largest crude oil carrier.
John Fredriksen and Frontline are quitting their efforts to acquire competitor Gener8, reports Wall Street Journal – a transaction that could have created the world's largest fleet of VLCCs.
It was smooth sailing for the tanker carrier, Gener8 Maritime, in a strong crude oil market in 2015 in which the company more than doubled its revenue. Powerful demand will absorb the many new vessels set to hit the water in the coming years, projects management.
The New York Stock Exchange had a somewhat lukewarm reaction to the IPO of tanker carrier Gener8 Maritime this summer. Now the carrier has secured credit facilities for a total USD 1.5 billion. A milestone for the new tanker player, says chairman Peter Georgiopoulos.
Børsen i New York reagerede noget lunkent på noteringen af tankrederiet Gener8 Maritime i sommer. Nu har rederiet sikret sig kreditfaciliteter på 1,5 mia. dollars. En milepæl for den nye tankgigant, siger bestyrelsesformand Peter Georgiopoulos.
Newly established tanker carrier Gener8 Maritime finished its first quarter as a listed carrier with a lower adjusted result than expected. Disappointing, says Fearnley.
Det nyetablerede tankrederi Gener8 Maritime sluttede sit første kvartal som børsnoteret rederi med et lavere justeret resultat end ventet. Skuffende, lyder det fra Fearnley.
The first day on the New York Stock Exchange was not a great success for the next big tanker company, Gener8 Maritime. The share price fell by 6.4 percent on the first day after being down by more than 8 percent.
Første dag på børsen i New York for det næste store tankselskab Gener8 Maritime blev ikke ligefrem nogen succes. Aktien faldt med 6,4 procent på den første dag, efter at have været nede med mere end 8 procent.
Ringe udbytte og få skibe på vandet er nogle af forklaringerne på, at en børsnotering i New York af det nye råolieselskab Gener8 Maritime ikke bliver nogen kursfest trods et boomende tankmarked.
Paddy Rodgers, CEO of listed Belgian tanker giant Euronav, is the star of this year's Marine Money conference in New York. ShippingWatch was present when he mapped out the opportunities for the future of international shipping: "The investors are buying volatility."
Paddy Rodgers, topchef i den børsnoterede belgiske tankgigant Euronav, er stjernen på årets Marine Money-konference i New York. ShippingWatch var med, da han kortlagde fremtidens muligheder i international shipping: "Investorerne køber volatilitet."
Tanker giant Gener8 Maritime expects to raise upwards of USD 285 million through the IPO that the company plans to perform in New York this week.
Tankgiganten Gener8 Maritime forventer at kunne hente op til 284 millioner dollars på den børsnotering, som selskabet har planlagt at gennemføre i New York i denne uge.
Major Swedish tanker carrier Stena Bulk is not headed for an IPO - unlike competitors such as Gener8 Maritime, which announced New York IPO plans on Tuesday - reports Lloyd's List.
Gener8 Maritime, created through a merger earlier this year headed by a series of equity funds, has submitted an application for a Wall Street listing. But the newbuildings will be delivered fairly late, notes Fearnley.
Operations Manager - Navigare
Senior Accountant to Finance and Accounting - Clipper
Shipping Trainee - TORM
Senior HR Operations Manager - Ultranav Business Support
