DELIVERY AND DISPOSAL OF VESSELS	6 Months Ended
Jun. 30, 2016
DELIVERY AND DISPOSAL OF VESSELS.
DELIVERY AND DISPOSAL OF VESSELS	4. DELIVERY AND DISPOSAL OF VESSELS Gener8 Apollo On January 5, 2016, Gener8 Apollo LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Apollo, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Apollo entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $59.6 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Apollo. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Apollo. Gener8 Supreme On January 6, 2016, Gener8 Supreme LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Supreme, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Supreme entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $62.6 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Supreme. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Supreme. Gener8 Ares On January 22, 2016, Gener8 Ares LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Ares, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Ares entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $61.1 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Ares. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Ares. Gener8 Hera On February 24, 2016, Gener8 Hera LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Hera, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Hera entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $60.5 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Hera. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Hera. Gener8 Success On March 22, 2016, Gener8 Success LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Success, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Success entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $59.9 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Success. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Success. Gener8 Nautilus On April 20, 2016, Gener8 Nautilus LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Nautilus, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Nautilus entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $59.7 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Nautilus. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Nautilus. Gener8 Andriotis On May 12, 2016, Gener8 Andriotis LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Andriotis, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Andriotis entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $60.5 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Andriotis. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Andriotis. Gener8 Constantine On June 27, 2016, Gener8 Constantine LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Constantine, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Constantine entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $57.4 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Constantine. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Constantine. Gener8 Consul On December 30, 2015, the Company entered into an agreement to sell the 2004-built Handymax tanker Gener8 Consul for $17.5 million, gross proceeds. As of December 31, 2015, the Gener8 Consul was classified as held for sale. On February 17, 2016, the sale was completed.

4. DELIVERY AND DISPOSAL OF VESSELS

Gener8 Apollo

On January 5, 2016, Gener8 Apollo LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Apollo, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Apollo entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $59.6 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Apollo. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Apollo.

Gener8 Supreme

On January 6, 2016, Gener8 Supreme LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Supreme, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Supreme entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $62.6 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Supreme. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Supreme.

Gener8 Ares

On January 22, 2016, Gener8 Ares LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Ares, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Ares entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $61.1 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Ares. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Ares.

Gener8 Hera

On February 24, 2016, Gener8 Hera LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Hera, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Hera entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $60.5 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Hera. The Company has made all shipyard installment payments, and there is no outstanding payable balance in respect of the Gener8 Hera.

Gener8 Success

On March 22, 2016, Gener8 Success LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Success, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Success entered into the VL8 Pool. As of March 31, 2016, the Company borrowed approximately $59.9 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Success. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Success.

Gener8 Nautilus

On April 20, 2016, Gener8 Nautilus LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Nautilus, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Nautilus entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $59.7 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Nautilus. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Nautilus.

Gener8 Andriotis

On May 12, 2016, Gener8 Andriotis LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Andriotis, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Andriotis entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $60.5 million under the Sinosure Credit Facility to fund the delivery of the Gener8 Andriotis. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Andriotis.

Gener8 Constantine

On June 27, 2016, Gener8 Constantine LLC, a wholly-owned subsidiary of the Company, took delivery of the Gener8 Constantine, a 2016-built VLCC newbuilding. Upon delivery, the Gener8 Constantine entered into the VL8 Pool. As of June 30, 2016, the Company borrowed approximately $57.4 million under the Korean Export Credit Facility to fund the delivery of the Gener8 Constantine. The Company has made all shipyard installment payments and there is no outstanding payable balance in respect of the Gener8 Constantine.

Gener8 Consul

On December 30, 2015, the Company entered into an agreement to sell the 2004-built Handymax tanker Gener8 Consul for $17.5 million, gross proceeds. As of December 31, 2015, the Gener8 Consul was classified as held for sale. On February 17, 2016, the sale was completed.