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Gener8 Maritime headed for New York IPO

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.

Photo: Colourbox

Recently established tanker giant Gener8 Maritime has taken the first formal steps toward a Wall Street IPO with an application to the US Financial Supervision Commission (FSC).

The company, controlled by numerous equity funds, including Oaktree Capital, was founded in February this year through a merger between General Maritime and Navig8 Crude, operates a fleet of 46 ships, including 21 VLCC newbuildings, Very Large Crude Carriers.

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