Pyxis Tankers Updates Operational Status of M/T Pyxis Karteria
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Pyxis Tankers provided an operational update regarding its MR product tanker, M/T Pyxis Karteria. The M/T Pyxis Karteria safely transited the Strait of Hormuz on June 23 and is currently at the port of Fujairah, United Arab Emirates. The vessel is proceeding in accordance with charterer's instructions.
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About PXS
Pyxis Tankers Inc. is a Greece-based maritime transportation holding company. The Company is operating in the product tanker sector with a focus on medium-range (MR2) product tankers. It owns a fleet of three double-hull product tankers: Pyxis Theta with carrying capacity of approximately 51,795 dwt, Pyxis Karteria with carrying capacity of approximately 46,652 dwt, and Pyxis Lamda with carrying capacity of approximately 50,296 dwt. The Company's 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pyxis Tankers Provides Operational Update on M/T Pyxis Karteria
- Safe Transit of Strait: The M/T Pyxis Karteria safely transited the Strait of Hormuz on June 23, 2026, and is currently docked at Fujairah, UAE, ensuring safe operations amid recent regional disruptions, showcasing the company's resilience in uncertain environments.
- Fixed Charter Ensures Cash Flow: The vessel operates under a 12-month fixed-rate charter, maintaining full employment despite market fluctuations, indicating that the company's balanced chartering strategy provides cash flow visibility and stability.
- Ongoing Market Monitoring: The company continues to closely monitor regional developments and their potential implications for global shipping markets, emphasizing disciplined commercial execution and safe operations to ensure long-term shareholder value creation.
- Modern Fleet Advantage: Pyxis Tankers owns a fleet of six eco-friendly vessels focused on the seaborne transportation of refined petroleum products and dry bulk commodities, with strong customer relationships and an experienced management team positioned to expand and maximize its eco-efficient fleet.
See More
Pyxis Tankers Q1 Earnings Beat Expectations
- Earnings Beat: Pyxis Tankers reported a Q1 GAAP EPS of $0.23, exceeding expectations by $0.06, indicating improved profitability that could bolster investor confidence in the company.
- Revenue Miss: Despite a year-over-year revenue increase of 4.1% to $10 million, the figure fell short of expectations by $1.05 million, highlighting intensified market competition and operational challenges that may impact future profitability.
- Financial Performance Insight: The financial data suggests that while EPS performance is strong, the revenue miss could raise investor concerns regarding the company's growth potential, necessitating close monitoring of market reactions.
- Market Rating Focus: Seeking Alpha's Quant Rating on Pyxis Tankers reflects varying market perceptions of the company's financial health, prompting investors to pay attention to subsequent analyst comments and rating changes.
See More
Pyxis Tankers CFO Henry Williams to Step Down in 2026
- Executive Change: Pyxis Tankers announced that Chief Financial Officer Henry Williams will step down at the end of April 2026, with Fotis Giannakoulis set to take over on May 1, 2026, indicating ongoing changes in the company's leadership.
- Tenure Background: Williams has served as CFO since the company's public listing in 2015, contributing significantly to financial stability and growth, while Giannakoulis brings approximately 25 years of experience in ship finance, including roles in lending, research, and investment banking.
- Experience Transition: The new CFO Giannakoulis's extensive background is expected to provide fresh perspectives and strategies for the company, particularly in ship financing, potentially driving innovation in future financial decisions and investment directions.
- Market Reaction: Although this executive change has not triggered significant market volatility, the stability and experience transition within the leadership team could have potential implications for the company's long-term strategic development.
See More
Pyxis Tankers CFO Henry Williams Resigns
- Executive Change: Pyxis Tankers announced that CFO Henry Williams will resign at the end of April 2026, with Fotis Giannakoulis, who has 25 years of ship finance experience, set to take over, potentially bringing new financial strategies to the company.
- Leadership Acknowledgment: Chairman and CEO Valentios Valentis expressed high regard for Williams' contributions since the company's 2015 public listing, highlighting the importance of executive stability in the organization.
- Business Expansion Potential: Currently, Pyxis Tankers operates a fleet of six modern eco-vessels focused on transporting refined petroleum products and dry bulk, positioning the company for significant growth due to strong capital resources and customer relationships.
- Outlook Considerations: The company noted in its statement that it will continue to monitor market dynamics and industry risks, particularly the potential impacts of the war in Ukraine and conflicts in the Middle East on its financial condition, indicating sensitivity to external environmental changes.
See More
PYXIS TANKERS INC NAMES FOTIS GIANNAKOULIS CFO, STARTING MAY 1, 2026
Pystankers Inc. Announcement: Pystankers Inc. has appointed Fotis Giannakoulis as Chief Financial Officer (CFO).
Effective Date: The appointment of Fotis Giannakoulis is effective from May 1, 2026.
See More
Henry Williams to Resign as CFO of Pyxis Tankers Inc. by End of April 2026
- Resignation Announcement: Henry Williams has announced his decision to step down as Chief Financial Officer (CFO) effective April 20, 2026.
- Impact on the Company: His resignation may lead to significant changes in the financial leadership and strategy of the company.
See More
Pyxis Tankers Provides Operational Update on M/T Pyxis Karteria
- Safe Transit of Strait: The M/T Pyxis Karteria safely transited the Strait of Hormuz on June 23, 2026, and is currently docked at Fujairah, UAE, ensuring safe operations amid recent regional disruptions, showcasing the company's resilience in uncertain environments.
- Fixed Charter Ensures Cash Flow: The vessel operates under a 12-month fixed-rate charter, maintaining full employment despite market fluctuations, indicating that the company's balanced chartering strategy provides cash flow visibility and stability.
- Ongoing Market Monitoring: The company continues to closely monitor regional developments and their potential implications for global shipping markets, emphasizing disciplined commercial execution and safe operations to ensure long-term shareholder value creation.
- Modern Fleet Advantage: Pyxis Tankers owns a fleet of six eco-friendly vessels focused on the seaborne transportation of refined petroleum products and dry bulk commodities, with strong customer relationships and an experienced management team positioned to expand and maximize its eco-efficient fleet.
See More
Pyxis Tankers Q1 Earnings Beat Expectations
- Earnings Beat: Pyxis Tankers reported a Q1 GAAP EPS of $0.23, exceeding expectations by $0.06, indicating improved profitability that could bolster investor confidence in the company.
- Revenue Miss: Despite a year-over-year revenue increase of 4.1% to $10 million, the figure fell short of expectations by $1.05 million, highlighting intensified market competition and operational challenges that may impact future profitability.
- Financial Performance Insight: The financial data suggests that while EPS performance is strong, the revenue miss could raise investor concerns regarding the company's growth potential, necessitating close monitoring of market reactions.
- Market Rating Focus: Seeking Alpha's Quant Rating on Pyxis Tankers reflects varying market perceptions of the company's financial health, prompting investors to pay attention to subsequent analyst comments and rating changes.
See More
Pyxis Tankers CFO Henry Williams to Step Down in 2026
- Executive Change: Pyxis Tankers announced that Chief Financial Officer Henry Williams will step down at the end of April 2026, with Fotis Giannakoulis set to take over on May 1, 2026, indicating ongoing changes in the company's leadership.
- Tenure Background: Williams has served as CFO since the company's public listing in 2015, contributing significantly to financial stability and growth, while Giannakoulis brings approximately 25 years of experience in ship finance, including roles in lending, research, and investment banking.
- Experience Transition: The new CFO Giannakoulis's extensive background is expected to provide fresh perspectives and strategies for the company, particularly in ship financing, potentially driving innovation in future financial decisions and investment directions.
- Market Reaction: Although this executive change has not triggered significant market volatility, the stability and experience transition within the leadership team could have potential implications for the company's long-term strategic development.
See More
Pyxis Tankers CFO Henry Williams Resigns
- Executive Change: Pyxis Tankers announced that CFO Henry Williams will resign at the end of April 2026, with Fotis Giannakoulis, who has 25 years of ship finance experience, set to take over, potentially bringing new financial strategies to the company.
- Leadership Acknowledgment: Chairman and CEO Valentios Valentis expressed high regard for Williams' contributions since the company's 2015 public listing, highlighting the importance of executive stability in the organization.
- Business Expansion Potential: Currently, Pyxis Tankers operates a fleet of six modern eco-vessels focused on transporting refined petroleum products and dry bulk, positioning the company for significant growth due to strong capital resources and customer relationships.
- Outlook Considerations: The company noted in its statement that it will continue to monitor market dynamics and industry risks, particularly the potential impacts of the war in Ukraine and conflicts in the Middle East on its financial condition, indicating sensitivity to external environmental changes.
See More
PYXIS TANKERS INC NAMES FOTIS GIANNAKOULIS CFO, STARTING MAY 1, 2026
Pystankers Inc. Announcement: Pystankers Inc. has appointed Fotis Giannakoulis as Chief Financial Officer (CFO).
Effective Date: The appointment of Fotis Giannakoulis is effective from May 1, 2026.
See More
Henry Williams to Resign as CFO of Pyxis Tankers Inc. by End of April 2026
- Resignation Announcement: Henry Williams has announced his decision to step down as Chief Financial Officer (CFO) effective April 20, 2026.
- Impact on the Company: His resignation may lead to significant changes in the financial leadership and strategy of the company.
See More
