Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (Pyxis Tankers), an emerging growth pure play product tanker company, today announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker.  

Pyxis Tankers Inc. Announces Vessel Sale
Caption: Chemical/Oil Products Tanker Pyxis Delta - Image courtesy of Marcel Coster 

The closing of the sale should occur in January 2020 and is subject to customary closing conditions.

Valentios Valentis, Pyxis Tankers Chairman and CEO commented: “The sale of our oldest, non-eco MR tanker reduces the average age of our fleet and provides us capital to repay debt, improve balance sheet liquidity and pursue growth opportunities, more cost-effectively. As we move into 2020, an exciting time for our sector, we look forward to continuing to enhance shareholder value.”

Source: Pyxis