Pyxis Tankers, an international shipping company, announced key shareholder and chartering updates.
- The Company has completed its authorized expanded $3.0 million common share repurchase program. Since summer 2023, we have acquired 730,683 common shares in the open market at an average cost of $4.03 per share, excluding commissions. As of January 29, 2025, there were 10,485,865 common shares of the Company outstanding, with a public float of approximately 4.37 million PXS shares.
- In 2024, the Company also redeemed all of its outstanding 7.75% Series A Cumulative Convertible Preferred Stock, which eliminated potential shareholder dilution of 1,799,871 common shares. Thus, the Company has spent approximately $13.1 million, in total, for equity re-purchases in order to save potential shareholder dilution of 2.53 million common shares in aggregate or 19.4% of diluted common shares.
- As of January 29, 2025, 72% of available days in the first quarter, 2025 for our three eco-MR product tankers were booked at an average estimated daily time charter equivalent rate (“TCE”) of $24,750 per vessel. As of the same date, 68% of available days in the first quarter of 2025, for our three dry-bulk vessels were booked at an average estimated daily TCE of $15,400.
Pyxis Tankers Fleet (as of January 29, 2025)
| Vessel Name | Shipyard | Vessel type | Carrying Capacity (dwt) | Year Built | Type of charter | Charter(1) Rate ($ per day) | Anticipated Earliest Redelivery Date | |
| Tanker fleet | ||||||||
| Pyxis Lamda | SPP / S. Korea | MR2 | 50,145 | 2017 | Spot | n/a | n/a | |
| Pyxis Theta (2) | SPP / S. Korea | MR2 | 51,795 | 2013 | Time | $ 22,000 | Dec 2025 | |
| Pyxis Karteria (3) | Hyundai / S. Korea | MR2 | 46,652 | 2013 | Time | 24,500 | Sep 2025 | |
| 148,592 | ||||||||
| Dry-bulk fleet | ||||||||
| Konkar Ormi (4) | SKD / Japan | Ultramax | 63,520 | 2016 | Time | 13,650 | Mar 2025 | |
| Konkar Asteri (5) | JNYS / China | Kamsarmax | 82,013 | 2015 | Time | 12,850 | Mar 2025 | |
| Konkar Venture (6) | JNYS / China | Kamsarmax | 82,099 | 2015 | Time | 10,000 | Feb 2025 | |
| 227,632 |
- These tables present gross rates in U.S.$ and do not reflect any commissions payable.
- “Pyxis Theta” is fixed on a time charter for 12 months +/- 30 days, at $22,000 per day.
- “Pyxis Karteria” is fixed on a time charter for 12 months +/- 30 days, at $24,500 per day.
- “Konkar Ormi” is fixed on a time charter for 60 – 70 days, at $13,650 per day, plus a $365,000 ballast bonus, plus an estimated scrubber compensation of $69,000
- “Konkar Asteri” is fixed on a time charter for 60 – 70 days, at $12,850 per day, plus a $285,000 ballast bonus, plus an estimated scrubber compensation of $93,000.
- “Konkar Venture” was fixed on time charter for min 120 and max 130 days, at $10,000 per day.