Gener8 loss in line with Wall Street forecasts

Gener8 Maritime slipped into the red in the third quarter but its numbers measured up with Wall Street forecasts.

New York-listed Gener8, which will finish taking delivery of its newbuilding catalogue early next year, booked a bottom line loss of $33.2m in the three months to the end of September.

The figure included a goodwill impairment of $26.3 and losses on the sales of the 313,000 Genmar Vision and Genmar Victory (both built 2001).

Adjusted