ship.energy

Pyxis Tankers sells tanker pair

Pyxis Tankers has agreed to sell the Northsea Alpha and Northsea Beta, two 2010 built 8,600 DWT product tankers, for an aggregate sale price of $8.9 million.

Completion of the vessel sales is expected to between late January and late February, the Greek tanker company announced yesterday (4 January). Following the sale, Pyxis Tankers expects to receive aggregate net cash proceeds of approximately $2.8 million, which it said would be used for working capital purposes.

‘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,’ said Eddie Valentis, Chairman and CEO, adding, ‘moving forward, we will have a fleet of five MRs with an average age of 8.3 years.’

In September 2020, Valentis joined ship.energy’s Contributing Editor, Mark Williams, as a guest on the ship.energy podcast. To listen to the episode, click here

Rhys Berry