Pyxis Tankers offloads two ships

Pyxis Tankers, a pure play product tanker company, is selling the Northsea Alpha and Northsea Beta, two 2010-built 8,600 dwt product tankers for an aggregate sale price of $8.9m to undisclosed buyers. Completion of the vessel sales, which are subject to customary closing conditions, should occur between late January and late February, 2022.

After the repayment of the outstanding indebtedness securing these vessels and the payment of various transaction costs, the company expects to receive aggregate net cash proceeds of approximately $2.8m.

Valentios Valentis, Pyxis chairman and CEO, commented: “The sale of these non–core assets underscores our strategic focus on the eco–MR product tanker sector, reduces outstanding debt and improves balance sheet liquidity. Moving forward, we will have a fleet of five MRs with an average age of 8.3 years.”

Valentis said the company was positioned to “opportunistically expand” the fleet.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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