Pyxis Tankers announced it will acquire the remaining 40% interest in the Ultramax dry bulk vessel Ormi, increasing its ownership to 100%. The vessel, built in 2016 and equipped with scrubbers, was initially acquired in 2023 with a 60% stake. The transaction, based on independent appraisals valuing the vessel at about $32 million, is expected to be immediately accretive to earnings and free cash flow. This move also simplifies Pyxis's ownership structure without adding new debt, with the acquisition expected to close in October 2026.
Pyxis Tankers acquisition of the remaining 40% interest in the Ultramax vessel Ormi is noted here with Pluang's Industrials sector data for context. For readers following Industrials, 55 of 113 US stocks rose while 52 fell as of Oct 13, 2026 18:41 WIB. Notable prices include LUNR at USD 12.63 with 100% buy orders, POWL at USD 182.08, and NVT at USD 160.06, all showing slight declines.
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