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Peter G tops the S&P markets in the first half

London: Gener8 Maritime has been the most aggressive player in the second hand market in the year to date, according to data compiled by UK online pricing platform The Peter Georgiopoulos led tanker player splurged $1.4bn on 14 vessels in the first half, a period that ended with the company completing an IPO in New York.

In second place in the first half of the year was Malaysia’s MISC, which spent $1.07bn on five vessels. From third to fifth spot were Euronav ($776m; eight vessels), Ship Finance International ($566m; 11 vessels) and Sinokor Merchant Marine ($402m; 10 vessels).

The sale and purchase market in 2015 has been busy, especially for tankers, which have confounded the analysts and gone on a strong run. However, shipowners regularly tell Splash that decent quality tonnage is hard to find.

Commenting on the figures, Richard Rivlin, the chief executive of, told Splash: “‘Peter Georgiopoulosis is famous for big deals, and Navig8 have come out of nowhere and also done a series of big deals. By teaming up and creating Gener8, they have created a deal making giant.”


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. Agree with Mr. Rivlin comment, and would add that they’ve hired a senior banker from Jefferies & Co shipping investment banking team in New York, a guy doing a lot of smiling now because he will be working on many many deals as Navig8 “monetizes” its investments.

  2. Wish there was a ‘Like’ button on this site for comments like that, Barry!

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