NASDAQ PXS 3.82 +0.05 +1.33%
Volume: 54,201 September 27, 2022

We are a growth-orientated, pure-play owner of a modern fleet of product tankers engaged in the seaborne transportation of refined petroleum products and other bulk liquids. We are focused on medium range (“MR2”) product tankers, which provide operational flexibility and enhanced earnings potential due to their “eco” features or modifications. We are positioned to opportunistically expand and maximize the value of our fleet due to our strong customer relationships, competitive cost structure and experienced management team and founder, whose interests are squarely aligned with other shareholders. Our common shares are listed on the NASDAQ Capital Markets under the trading symbol ‘PXS.’ In addition, our publicly traded convertible preferred stock and common stock purchase warrants can be found on NASDAQ under the ticker symbols “PXSAB” and “PXSAW”, respectively.

Stable Cash Flow with Upside
Our chartering strategy is intended to provide stable, visible cash flows from time charters and upside opportunity through the spot market during periods of market strength. Our scalable operating structure allows management to minimize costs and focus on long term shareholder value.

Developing Growth Opportunities
In conjunction with our listing on the NASDAQ Capital Markets in the fall of 2015, we acquired in a stock-for-stock based transaction six modern product tankers from an affiliate of our founder, Chief Executive Officer and majority shareholder. We sold our oldest, non-eco MR, the Pyxis Delta, in early 2020. In July 2021, we acquired a 2013 built eco-efficient MR which we named ‘Pyxis Karteria’. In December 2021, we acquired a 2017 built MR the ‘Pyxis Lamda’ in a related party transaction. In early 2022, we completed the sales of two non-core assets; the “Northsea Alpha” and the “Northsea Beta”. We currently have a fleet of 5 eco - MR2s.

Our current fleet list can be found here.