Pyxis Tankers Sells MR2 Ship Pyxis Delta

Maritime Activity Reports, Inc.

January 15, 2020

Image: Pyxis Tankers

Image: Pyxis Tankers

Greek pure play product tanker company announced that it has completed the sale of the Pyxis Delta, a 2006-built 46,616 dwt product tanker.

The maritime transportation holding company said in a press note that the sale proceeds will be used to repay outstanding indebtedness secured by the vessel and for general corporate purposes.

Valentios Valentis, our Chairman and CEO said: “This transaction furthers our operating strategy to focus on modern eco-MR tankers and reflects a more efficient allocation of capital resources to improve our financial condition.  We are well-positioned to generate significant cash flows from an improving market primarily due our staggered time charters and our continued cost discipline."

Valentios added: "We continue to be optimistic about the prospects for the product tanker sector, and this sale enhances our financial flexibility to take advantage of potential growth opportunities.”

Pyxis Tankers currently owns a modern fleet of five tankers engaged in seaborne transportation of refined petroleum products and other bulk liquids.

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