Valentis, Pyxis CEO, claims that soaring tanker costs are posing difficulties for business expansion.
Valentios Valentis anticipates that the rates for chartering vessels will remain steady and high. This outlook indicates that he believes the demand for commercial shipping services will continue to rise, resulting in sustained profitability for those involved in the industry.
The Greek owner is planning on waiting before participating in the resale market.
On March 16, 2023 at 1:53 pm GMT, the blog section was published. It was later updated on the same day at 2:50 pm GMT.
According to Pyxis Tankers, it is becoming more difficult to acquire used vessels due to the increasing prices of assets.
Valentios Valentis, the CEO of a product carrier owner company listed on Nasdaq, stated in their annual results report that it remains difficult to find profitable opportunities to grow their fleet due to the high value of assets. In particular, the CEO pointed out that acquiring new, environmentally-friendly MRs is especially challenging.
Pyxis intends to continue using a careful method for handling its capital until more favorable opportunities arise that could potentially increase the value for shareholders.
