Navios Maritime Midstream Partners reported a deeper-than-expected slump in its second-quarter result as profit share revenue and a prolonged dry docking ate into revenue.
The New York-listed tanker owner, a master limited partnership within the Angeliki Frangou-fronted Navios group umbrella, reported $1.96m in net income during the period.
That marks a 66.7% decline from the $5.89m earned in the same period of 2016 and brings earnings per share to $0.10.
