Pyxis Tankers Announces Completion of Sale of Its 2009 Built Tanker

March 23, 2023

https://www.globenewswire.com/news-release/2023/03/23/2633657/0/en/Pyxis-Tankers-Announces-Completion-of-Sale-of-Its-2009-Built-Tanker.html

Maroussi, Greece, March 23, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that it has completed the sale of the Pyxis Malou, a 2009 built 50,667 dwt product tanker, for the aggregate sale price of $24.8 million.  After repayment of vessel’s bank debt and related transaction costs, the Company received aggregate net cash proceeds of approximately $18.9 million. The sale of the oldest vessel in the fleet will further increase our liquidity, reduce outstanding debt and position the Company for additional corporate opportunities.

Read more at globenewswire.com

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