Our fleet consists of six modern eco-efficient mid-sized product tankers and dry-bulk carriers. Our three MR2 tankers have a weighted average age of 10.2 years as of November 20, 2024 based on deadweight tonnage (dwt) which aggregated 148,592 dwt in carrying capacity. Each of the tankers in our fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals. In addition, our dry-bulk fleet includes three eco-efficient vessels, which have an average age of 9.0 years, and consist of two controlling 60% ownership interests in an Ultramax and Kamsarmax and 100% ownership of a Kamsarmax sistership. Our bulkers carry a broad range of dry-bulk commodities, ranging from coal, metal ores and grains to various aggregates. Our vessels are employed under a mix of time and spot charters.
The following chart provides summary information concerning the fleet as of November 20, 2024.
| Vessel Name | Shipyard | Carrying Capacity (dwt) | Year Built | Type of Charter |
|---|---|---|---|---|
| Product Tanker Vessels | ||||
| Pyxis Lamda | SPP – So. Korea | 50,145 | 2017 | Spot |
| Pyxis Theta | SPP – So. Korea | 51,795 | 2013 | Spot |
| Pyxis Karteria | Hyundai Mipo/S. Korea | 46,652 | 2013 | Time |
| Dry Bulk Vessels | ||||
| Konkar Ormi | SKD/Japan | 63,520 | 2016 | Time |
| Konkar Asteri * | JNYS/ China | 82,013 | 2015 | Time |
| Konkar Venture ** | JNYS/ China | 82,099 | 2015 | Time |
* On February 15, 2024, we completed the acquisition of the vessel “Konkar Asteri”, a 82,013 dwt dry-bulk carrier built in 2015 at Jiangsu New Yangzi Shipbuilding. The $26.625 million purchase of the eco-efficient Kamsarmax was funded by a combination of a secured 5-year bank loan of $14.5 million and cash on hand. The vessel is fitted with BWTS and scrubber.
** On June 28, 2024, we closed an operating joint venture agreement to acquire an 82,013-dwt dry-bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding, named the “Konkar Venture”. We own 60% of this joint venture and the balance owned by an entity related to our Chief Executive Officer and Chairman. The purchase of “Konkar Venture” for $30.0 million by the joint venture, plus working capital and cover transaction costs was funded by $16.5 million of bank debt, $13.2 million of total cash, of which the Company contributed $7.3 million, and the new issuance of $1.5 million of restricted PXS common shares. The vessel is BWTS fitted.