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NASDAQ: PXS

INVESTOR RELATIONS

ESG – Company Snapshot

  • ENVIRONMENTAL

    • Focus on eco-efficient, modern MR tankers, resulting in improved fuel consumption and lower greenhouse gas emissions
    • Clear strategy to comply with new and existing IMO regulations, including:
    • Retrofit MR fleet with Balast Water Treatment Systems (BWTS) for compliance with USCG / G8 guidelines
    • Consume IMC 2020 compliant fuel only by avoiding installation of exhaust gas cleaning systems, i.e. scrubbers
    • Record of hazardous material(s) inventory to comply with EU regulations
    • Monitor and report vessel CO2 emissions in support of new EEXI and CII standards
    • Maintain operational excellence to ensure continued compliance with all relevant regulatory environmental standards - no history of environmental claims

  • SOCIAL

    • Outsource crewing and technical management to ITM, part of the world's largest vessel management group, which is committed to maintain the highest standards in health and safety by ongoing training and development of its staff and vessel crews

  • GOVERNANCE

    • Regular election process for our staggered Board of Directors
    • Independent Board members chair various oversight committees
    • Comprehensive whistleblower and insider trading policies
    • Full compliance with all applicable corporate governance NASDAQ and SEC requirements
    • Best-in-class advisors and auditors -  Seward & Kissel (legal), KPMG (audit) and Grant Thornton (SOX)
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