As of May 20, 2025, our fleet consists of six modern, eco-efficient mid-sized vessels across the product tanker and dry bulk sectors.
Our three MR2 product tankers have a weighted average age of 10.6 years and a combined carrying capacity of 148,592 dwt. Each vessel is capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil as well as other liquid bulk cargoes, including vegetable oils and organic chemicals.
Our dry bulk fleet comprises three eco-efficient vessels with an average age of 9.3 years, including:
- Two joint ventures in which we hold a 60% controlling interest - one Ultramax and one Kamsarmax
- One wholly owned Kamsarmax sistership
These vessels transport a broad range of dry bulk commodities, including coal, metal ores, grains, and aggregates. All ships in our fleet are employed under a mix of short-term and medium-term time charters, providing both operational flexibility and market exposure.
The following chart provides summary information concerning the fleet as of May 20, 2025
| Vessel Name | Shipyard | Carrying Capacity (dwt) | Year Built | Type of Charter |
|---|---|---|---|---|
| Product Tanker Vessels | ||||
| Pyxis Lamda | SPP – So. Korea | 50,145 | 2017 | Time |
| 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 |
| Konkar Venture ** | JNYS/ China | 82,099 | 2015 | Time |
* On February 15, 2024, we completed 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 a secured 5-year bank loan of $14.5 million and cash on hand. The vessel is fitted with BWTS and scrubber. In Q1 2025, Konkar Venture” successfully completed her second Special Survey within 22 days.
** On June 28, 2024, we closed an operating joint venture agreement to acquire an 82,013-dwt dry-bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding, named the “Konkar Venture”. We own 60% of this joint venture and the balance owned by an entity related to our Chief Executive Officer and Chairman. The purchase of “Konkar Venture” for $30.0 million by the joint venture, plus working capital and cover transaction costs was funded by $16.5 million of bank debt, $13.2 million of total cash, of which the Company contributed $7.3 million, and the new issuance of $1.5 million of restricted PXS common shares. The vessel is BWTS fitted. In March 2025, “Konkar Asteri” commenced her second special survey, with 12 days of work completed in the first quarter of 2025 and the remaining 10 days continuing into April 2025.