Gener8 Maritime, Inc. Announces Delivery of the Gener8 Perseus and Gener8 Oceanus

NEW YORK, Sept. 12, 2016 /PRNewswire/ -- Gener8 Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime"), a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of two "ECO" VLCCs, the Gener8 Perseus on September 9, 2016 and the Gener8 Oceanus on September 12, 2016 from Hyundai Heavy Industries Co., Ltd and Hyundai Samho Heavy Industries Co., Ltd., respectively. The Gener8 Perseus and Gener8 Oceanus represent the fourteenth and fifteenth of 21 "ECO" VLCCs expected to be delivered into Gener8 Maritime's fleet.  Upon delivery, both the Gener8 Perseus and the Gener8 Oceanus entered Navig8 Group's VL8 Pool.

About Gener8 Maritime
As of September 12, 2016, Gener8 Maritime has a fleet of 43 wholly-owned vessels comprised of 26 VLCCs, including 6 newbuildings, 11 Suezmaxes, four Aframaxes, and two Panamax tankers.  On a fully-delivered basis, Gener8 Maritine's fleet has a total carrying capacity of approximately 10.2 million deadweight tons ("DWT") and an average age of less than 6 years on a DWT basis. Gener8 Maritime is incorporated under the laws of the Marshall Islands and headquartered in New York.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations. Included among the factors that, in the view of Gener8 Maritime, Inc. (the "Company"), could cause actual results to differ materially from the forward-looking statements contained in this press release are the following: the fulfillment of the closing conditions under, or the execution of customary additional documentation for, the Company's shipbuilding contracts; completion and funding of financing on acceptable terms; delay in the construction of the Company's newbuildings; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the "SEC"), including without limitation, the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and its subsequent reports on Form 10-Q and Form 8-K. Gener8 Maritime, Inc. does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Gener8 Maritime, Inc.