PXS

Pyxis Tankers Inc. operates as an international maritime transportation company specializing in the seaborne trade of refined petroleum products and other bulk liquids. Headquartered in Maroussi, Greece, the company owns and operates a modern fleet of small to medium-sized product tankers, typically ranging from 46,000 to 51,000 deadweight tons. Pyxis Tankers focuses on the MR (Medium Range) tanker segment, transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, and fuel oil, primarily serving routes in the Mediterranean, Caribbean, and Latin American markets. The company's fleet consists of eco-efficient, fuel-saving vessels designed to meet international maritime environmental standards. Pyxis Tankers generates revenue through time charter agreements and spot market arrangements with major oil companies, refineries, and trading houses. As a publicly traded entity on the Nasdaq Capital Market since 2015, the company maintains a flexible business model that allows it to adjust its chartering strategy based on market conditions. Recent developments include ongoing fleet optimization efforts and strategic chartering decisions aimed at maximizing vessel utilization rates. The company operates with a lean management structure and benefits from its established relationships with charterers and its focus on the smaller-size product tanker niche, which serves specific trade routes less accessible to larger vessels.