Pyxis Tankers Equity Warrant Exp 19th Aug 2025 *W EXP 08/19/2025
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PXSAW Pyxis Tankers Equity Warrant Exp 19th Aug 2025 *W EXP 08/19/2025
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Industrials : Marine | Small Cap Value
Based in Greece
Company profile

Pyxis Tankers Inc. is a maritime transportation holding company. The Company is focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,295 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,795 dwt, Pyxis Malou with carrying capacity of over 50,667 dwt; Pyxis Delta with carrying capacity of approximately 46,616 dwt; Northsea Beta with carrying capacity of over 8,647 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt. Four of the Company's vessels in the fleet are medium-range (MR), product tankers, three have eco-efficient or eco-modified designs, and two of them are short-range tanker sister ships. Its 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.

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Outsized influence of passive fund managers on corporate governance not a 'good development' for the U.S., says Charlie Munger

4:07 pm ET April 30, 2022 (MarketWatch)

The large influence that just a few passive index fund managers have on corporate governance is "not a good development" for the U.S., remarked Charlie Munger, Berkshire Hathaway's vice chairman, at Berkshire's annual meeting in Omaha on Saturday. "I don't think it's good for the country to have three passive investors" telling companies what "proper governance" is, Munger said. Berkshire (BRKA) chief executive officer Warren Buffett said during the annual meeting that passive index giants care about keeping their assets under management and will do what's "politically acceptable" out of self interest. "They want to get bigger," he said, so they end up voting in a way that reflects public opinion so politicians won't "get mad" at them and regulate them in some way. "They are certainly not going to follow a policy which is going to cause a backlash that causes them to be a lot smaller," said Buffett.

-Christine Idzelis


(END) Dow Jones Newswires

April 30, 2022 16:07 ET (20:07 GMT)

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