Blue Ocean Maritime funds has provided $24m in new finance to US-listed product tanker specialist Pyxis Tankers.

The funds will be used to refinance a previous loan facility for the 50,124-dwt Pyxis Epsilon (built 2015) in what is the first deal between the two companies.

After repayment of existing bank debt, the new five year secured loan provides Pyxis with about $7.3m