Valentios (Eddie) Valentis-led Pyxis Tankers has agreed to a new time charter
Valentios (Eddie) Valentis-led Pyxis Tankers has agreed to a new time charter for one of its MR product tankers with CITGO Petroleum Corporation.
The Nasdaq-listed company has fixed the 2017-built MR product tanker Pyxis Lamda for 24 months, plus or minus 30 days at the charterer’s option, at a gross rate of $31,000 per day.
The vessel’s current charter is expected to expire on or about November 20, 2026. The MR product tanker Pyxis Lamda will then undergo its scheduled special survey and drydocking.
The new charter is expected to commence immediately after drydocking is completed.
Pyxis Tankers said the new deal is expected to generate around $21.8m in net charter revenue after 2.5% commissions over its term, assuming 720 revenue earning days.
