GNRT Description — Gener8 Maritime Inc
Gener8 Maritime provides international transportation services of seaborne crude oil and petroleum products. At Mar 10 2017, Co. owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, and one eco VLCC newbuilding. Co.'s vessels are primarily available for employment in commercial pools, or for charter on a spot voyage or time charter basis. At Dec 31 2016, all of Co.'s vessels were employed in the spot market. A spot market voyage charter is a contract to carry a specific cargo from a load port to a discharge port for an agreed upon freight per ton of cargo or a specified total amount.
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Hold (2.40 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts Forecast: GNRT Price Target Based on data provided by Zacks Investment Research via Quandl.com |
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