Good day and welcome to the Pyxis Tankers conference call to discuss the financial results for the second quarter 2022. As a reminder, today’s 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 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. Please go ahead, sir.

Good morning everyone and thank you for joining our call for results of the three months ended June 30, 2022. The Russian invasion of Ukraine continues to take center stage, affecting global energy markets and resetting personal economic and strategic priorities, as well as global relationships. Many countries are now battling high inflation and a slowdown in economic activity; however, the product tanker sector has been positively affected since early spring with rising charter activity and rapidly increasing asset values. At Pyxis, we continue to successfully navigate through these unprecedented times. Before starting, please let me draw your attention to some important legal notifications on Slide 2 that we recommend you read, including in our presentation today, which will include forward-looking statements. Thank you. Turning to Slide 3, our most recent quarterly results reflected record financial performance in revenue growth and profitability. In the second quarter ended June 30, we generated consolidated time charter equivalent revenues - TCE of $11.3 million, 173% higher than the same period in 2021. Charter rates accelerated through the quarter, especially in the spot market. Our daily TCE for Q2 2022 for our five Eco MRs was $26,270 per day, more than double results in the same period last year. Moreover, we reported net income of $4.6 million or $0.43 basic EPS for the most recent period versus losses in 2021. Our adjusted EBITDA in Q2 climbed to $7.3 million. Over the course of the second quarter, the product tanker chartering environment continued to strengthen as greater economic activity was met with increased mobility, which amplified demand for transportation fuels. The ongoing Russian invasion of Ukraine has resulted in tightening of product inventories which continued to be below five-year averages, changing trading patterns, expansion of [indiscernible], dislocation to end markets creating arbitrage opportunities, and higher…

Thanks Eddie. On Slide 12, let’s review our unaudited results for the three months ended June 30, 2022. Our time charter equivalent revenues for 2Q22, which we define as revenues net minus voyage-related costs and commissions, accelerated to $11.3 million, an increase of 173% from the same period in 2021 due to higher charter rates, especially in the spot market where we incurred higher voyage-related costs and commissions, as well as the impact from changes to our fleet. In the past year, we’ve added two MRs and sold two small tankers. In the second quarter of ’22, the TCE rate for MRs was $26,270 per day, 107% higher than the comparable 2021 period. Moving to Slide 13, we generated a net profit to common shareholders of $4.6 million for the three months ended June 30, 2022, or a $0.43 basic and $0.38 diluted EPS, compared to a net loss of $1.5 million or $0.16 basic and diluted loss per share in the same period in 2021. Simply, a substantial portion of the increase in TCE revenues during 2Q22 dropped to the bottom line. Adjusted EBITDA climbed to $7.3 million, an improvement of $6.9 million from the second quarter of last year. Please turn to Slide 14, which reviews our recent MR fleet data as we operate one eco-modified vessel and four eco-efficient tankers. Given the size of our fleet, changes in these metrics related to a single vessel and one reporting period can have disproportionate effects on the total fleet’s operating results. Beyond this significant improvement in TCE for 2022, the key takeaway here is the relative stability of vessel operating expenses despite cost pressures, such as crewing and loops. Now turn to Slide 15 to review our capitalization at June 30, 2022. At quarter close, our consolidated leverage ratio of net funded debt stood at approximately 55% of total capitalization. We continue to be in full compliance with our loan agreements. Our weighted average interest rate was 4.6% for the most recent quarter, and the next bank loan maturity is July of 2025. We have interest rate protection covering 14% of our current outstanding LIBOR-based bank debt. With that, I would like to turn the call back over to Eddie to conclude our presentation.

Thanks Henry. The impact of recent global events and low product inventories in many parts of the world have been considerably beneficial to our sector. For the near term, we are cautiously optimistic about the prospects of the chartering environment. Over the longer term, we find solace in the positive supply-demand fundamentals of the product tanker sector. While we continue to take advantage of some interesting opportunities in the spot market, we will likely abide by our mixed chartering strategy complemented by short term time charters in order to prudently optimize revenues and provide cash flow visibility. Unless we find an attractive accretive acquisition, we expect to use excess cash flow to further improve our financial position. We appreciate your interest and thank you for joining our call today. We look forward to reporting on future progress at Pyxis Tankers. Be safe, be well. End of Q&A: Ladies and gentlemen, that does conclude our conference for today. Thank you for your participation. You may now disconnect.