US-listed VLCC owner Navios Maritime Midstream Partners has posted a small increase in second-quarter net profit as revenue grew.
Earnings were up at $5.88m from $5.39m, on revenue of $22.69m, compared to $18.35m in 2015.
It benefited from a healthy VLCC spot market and booked $2.6m from profit-sharing arrangements.
CEO Angeliki Frangou said: “While the broader MLP market has appreciated about 11% this year, the market is well below the 2014 highs.
“Our
