Pyxis Tankers looks set to hold fire on any ship purchases until more “attractive situations materialise”.
The Nasdaq-listed product tanker owner said developing incremental opportunities for fleet expansion of midsize vessels is challenging, especially for modern eco-efficient MRs, given high asset values and the positive outlook for those markets.
“In light of this, we expect to maintain our disciplined approach to capital allocation until more attractive situations materialise which may further enable us to enhance shareholder value,” the company said.
