Navios MLP set for swing

New Navios MLP Navios Maritime Midstream Partners is looking at an annual positive profit swing of more than $40m, according to data in its IPO prospectus.

13 October 2014 9:17 GMT Updated 13 October 2014 9:25 GMT

By Andy Pierce

As TradeWinds reported on Friday the MLP is seeking to become the fourth public company in Angeliki Frangou’s mainstream shipping empire with a listing on the New York Stock Exchange.

Navios Midstream says it logged a loss of $26.988m in the 12 months to the end of June 2014.

However, it projected a gain of $21.975m in the year to the end of June 2015, the filing says.