IFLR1000

General Maritime Corporation/Navig8 Crude Tankers $1.4 billion merger

7/5/2015
Merger
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$ 1.4 billion

Completed

7/5/2015

Overview:

  • General Maritime Corporation merged with Navig8 Crude Tankers to form Gener8 Maritime.
  • Gener8 Maritime runs 46 ships. These ships include 28 VLCCs.
  • The General Maritime shareholders own 52.55% of the combined entity, and the Navig8 Crude shareholders own 47.45%

Rani Mehta - Journalist 

Jurisdictions:

United States
United Kingdom

Deal type:

Merger

Practice area:

M&A

Industry sector:

Shipping

Firms:
Kramer Levin Naftalis & Frankel

Party: General Maritime Corporation (Merger party)

Lawyer: Thomas Molner

Watson Farley & Williams

Party: General Maritime Corporation (Merger party)

Lawyer: Christina Howard

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