Analyst Greg Lewis has placed an outperform rating on the fourth public company in Angeliki Frangou’s control, suggesting it will benefit from an improving tanker market.
Lewis notes Navios Midstream could grow its fleet by 180% should it receive each of the seven VLCCs which have been identified as dropdown candidates from parent Navios Maritime Acquisition.
He says the 298,600-dwt C Dream (ex: Berge Fuji, built 2000) is the most likely next addition to the MLP’s four strong fleet given it has a charter running until 2019 at $29,625 daily.
