International Seaways Completes Acquisition Of Gener8 Zeus VLCC For US$53 Million

Published: Oct 31 2017
Deal Summary

International Seaways, Inc., a provider of energy transportation services for crude oil and petroleum products, completed the acquisition of a very large crude carrier namely, Gener8 Zeus, for a cash consideration of US$53 million (MM).

Gener8 Zeus is a 2010-built, Marshall Islands flagged crude oil tanker with a deadweight tonnage of 318,325 tons and gross tonnage of 160,502 tons.

The transaction enables International Seaways to expand its fleet of vessels.

Deal history

Completed: In November 2017, International Seaways completed the acquisition of Gener8 Zeus VLCC, for a purchase consideration of US$53 MM.

Announced: In October 2017, International Seaways entered into an agreement to acquire Gener8 Zeus VLCC, for a purchase consideration of US$53 MM.

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