Pyxis Tankers swings to loss in Q2 and H1 2025 on weaker charter rates

Chairman and CEO Valentios Valentis commented on the "decelerating market environment," noting that the product tanker sector experienced lower charter rates, "largely due to slowing global economic activity as evidenced by softer global demand for transportation fuels." He added that in the dry bulk market, "chartering conditions remained depressed."

Looking ahead, Valentis stated, "For the remainder of 2025, we expect the chartering environment for both product tankers and the dry-bulk carriers to remain challenging." However, he also pointed to potential positive developments, including a major new energy trade agreement between the European Union and the United States.