Pyxis eyes IMO 2020 silver lining for product tankers
Greek product tanker owner Pyxis Tankers is positioning itself to take advantage of an expected boost to the market in the second half of this year that it expects to derive primarily from the impact of upcoming new sulphur rules. The company’s results have been battered by poor rates for product tankers but the owner also says the sector’s fundamentals point to longer-term optimism
New sulphur rules seen as ‘primary reason’ for expected market improvement later this year