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Navios Midstream improves amid merger talks

One tanker owner that has been somewhat cushioned from the sector’s problems has been Navios Midstream Partners, which has unveiled improved second-quarter results from its time-chartered fleet. The company is currently weighing a merger proposal from general partner Navios Acquisition, which already controls a 59% stake and has made an all-stock offer for the publicly held units

Time-chartered VLCC fleet delivers increased revenues and profits in latest quarter

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