She also said the New York-listed tanker spin-off will be able to finance the potential acquisition without issuing new equity.
“We have a conservative balance sheet. The balance sheet was created post-oil drop, so it is conservative debt, and we can do the dropdown without really accessing the capital markets,” Frangou told analysts during an earnings briefing.
Navios Midstream is aiming for acquisitions of about two tankers per year, she said.
