Pyxis Tankers Sells MR2 Ship Pyxis Delta

Maritime Activity Reports, Inc.

January 15, 2020

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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