Pyxis Tankers Inc. (PXS) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Pixis Tankers conference call to discuss the financial results for the third quarter 2024. I must advise you that the conference call is being recorded. Additionally, a live webcast of today's conference call and an accompanying presentation is available on Pixis Tankers website, which is www.pixistankers.com. Hosting the call is Mr. Eddie Valentes, Chairman and Chief Executive Officer of Pixis 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. Please go ahead, sir. Hello, everyone, and thank you for joining our call for results of the three months ended September 30th, 2024. The disruption on global seaborne trade from the Russia-Ukraine war and the expanding conflict in the Middle East continues. Global economic activity remains resilient despite the restrictive monetary policies by many central banks. Encouragingly, inflationary pressures are easing and we anticipate further interest rate cuts in the near term, which should support broader economic growth. The fundamental outlook for our core sectors, product tankers and dry bulk carriers, remains both supportive with relatively firm asset values despite the recent softening of the chartering environment. Market conditions remain highly dynamic and can be significantly influenced by microeconomic 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 notification on slide two that we recommend you read, including our presentation today, which will include forward-looking statements. Thank you. Turning to slide three. Our most recent quarterly re...