Pyxis Tankers signs 2-year time charter for Pyxis Lamda at $31,000 a day
Bitget2026/10/06 20:05Pyxis Tankers signed a 24-month time charter for the MR product tanker Pyxis Lamda with CITGO at a gross rate of $31,000 per day. Charter start expected after a special survey and drydocking, following expiry of the current charter on or about Nov. 20, 2026. Net charter revenue projected at about $21.8 million over the term, assuming 720 revenue-earning days and 2.5% commissions. Rate is $8,000 per day above the current charter, implying about $2.8 million in incremental annualized revenue after commissions. Annualized contribution estimated at about $7.7 million EBITDA, $5.2 million net income, or $0.51 per common share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pyxis Tankers Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610061605PRIMZONEFULLFEED1001276602) on October 06, 2026, and is solely responsible for the information contained therein.
- Pyxis Tankers signed a 24-month time charter for the MR product tanker Pyxis Lamda with CITGO at a gross rate of $31,000 per day.
- Charter start expected after a special survey and drydocking, following expiry of the current charter on or about Nov. 20, 2026.
- Net charter revenue projected at about $21.8 million over the term, assuming 720 revenue-earning days and 2.5% commissions.
- Rate is $8,000 per day above the current charter, implying about $2.8 million in incremental annualized revenue after commissions.
- Annualized contribution estimated at about $7.7 million EBITDA, $5.2 million net income, or $0.51 per common share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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