Our fleet consists of five modern eco-efficient mid-sized product tankers and dry bulk carriers. Our three MR2 tankers have a weighted average age of approximately 9.6 years as of March 12, 2024 based on deadweight tonnage (dwt) and aggregated 148,592 dwt in carrying capacity. Each of the tankers in our fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals. In addition, our dry bulk fleet includes two eco-efficient vessels, which have an average age of 8.0 years, consist of a controlling 60% ownership interest in an Ultramax and 100% ownership of a Kamsarmax, both of which are fitted with ballast water treatment system and scrubber and carry a broad range of dry bulk commodities. Our vessels are employed under a mix of time and spot charters.
The following chart provides summary information concerning the fleet as of March 12, 2024.
| Vessel Name | Shipyard | Carrying Capacity ( dwt) | Year Built | Type of Charter |
|---|---|---|---|---|
| Product Tanker Vessels | ||||
| Pyxis Lamda | SPP – So. Korea | 50,145 | 2017 | Spot |
| Pyxis Theta | SPP – So. Korea | 51,795 | 2013 | Time |
| Pyxis Karteria | Hyundai Mipo/S. Korea | 46,652 | 2013 | Time |
| Dry Bulk Vessels | ||||
| Konkar Ormi * | SKD/Japan | 63,520 | 2016 | Time |
| Konkar Asteri ** | JNYS/ China | 82,013 | 2015 | Time |
*In Mid-September 2023, we closed on the $6.8 million equity investment in an operating joint venture to purchase the 2016 Japanese built Ultramax drybulk carrier “Konkar Ormi”. We own 60% of this joint venture and the balance is owned by an entity related to our Chief Executive Officer and Chairman. The purchase of “Konkar Ormi” for $28.5 million by the joint venture, plus working capital, was funded by $11.3 million of cash equity and a $19.0 million secured five-year bank loan.
** On Feburary15, 2024, we announced the closing of the acquisition of the vessel “Konkar Asteri”, a 82,013 dwt dry bulk carrier built in 2015 at Jiangsu New Yangzi Shipbuilding. The $26.625 million purchase of the eco-efficient Kamsarmax was funded by a combination of secured 5-year bank loan of $14.5 million and cash on hand.