Pyxis Tankers Inc. (NASDAQ:PXS) Q2 2024 Earnings Conference Call August 12, 2024 8:30 AM ET
Company Participants
Eddie Valentis - Chairman, Chief Executive Officer
Henry Williams - Chief Financial Officer
Operator
Good day and welcome to the Pyxis Tankers conference call to discuss the financial results for the second quarter 2024.
I must advise you that the conference call is being recorded. Additionally, a live webcast of today’s conference call and accompanying presentation is available on Pyxis Tankers’ website, which is www.pyxistankers.com.
Hosting the call is Mr. Eddie Valentis, Chairman and Chief Executive Officer of Pyxis Tankers, and Mr. Henry Williams, Chief Financial Officer of the company.
I would like to pass the floor to one of your speakers today, Mr. Eddie Valentis. Sir, please go ahead.
Eddie Valentis
Hello, everyone, and thank you for joining our call for results of the three months ended June 30, 2024.
The disruption on global seaborne trade from the Russia-Ukraine war and the conflict in the Middle East continues. Global economic activity remains resilient despite the tight monetary policies by many central banks. Inflation is decelerating and interest rate cuts are expected, starting this fall.
The fundamental outlook for our two markets, product tankers and dry bulk carriers, remains positive, characterized by healthy charter rates and rising asset values, but market conditions are dynamic and can be significantly influenced by macroeconomic and geopolitical events, which are beyond our control.
Before commenting on our operating and financial results for the most recent period, please let me draw your attention to some important legal notifications on Slide 2 that we recommend you read, including our presentation today, which will include forward-looking statements. Thank you.
Turning to Slide 3. Our most recent quarterly results reflected strong financial performance in revenues and profitability, driven by healthy market conditions and
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