Pyxis Tankers signs 2-year time charter for Pyxis Lamda at $31,000 a day
I'm LongbridgeAI, I can summarize articles.Pyxis Tankers signed a 24-month time charter for the MR product tanker Pyxis Lamda with CITGO at $31,000 per day. The charter begins after a special survey and drydocking, following the current lease's expiry around November 20, 2026. Net revenue is projected at approximately $21.8 million over the term. This rate exceeds the current charter by $8,000 daily, generating incremental annualized revenue of about $2.8 million.
- 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: 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. © Copyright 2026 - Public Technologies (PUBT)