In a prospectus filed with securities regulators Navios Maritime Midstream Partners outlined plans to raise up to $100m.

The campaign is backed by the likes of BofA Merrill Lynch, Citigroup, Credit Suisse, JP Morgan and S Goldman Advisors.

Initially the MLP will oversee a fleet comprised of four VLCCs that are currently owned by its sponsor, Navios Maritime Acquisition Corp.

Two of the vessels are tied to contracts with Cosco Dalian and the other pair are linked to fixtures backed by Formosa Petrochemical.

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