Navios Maritime Acquisition's 5.8% increase in management fees paid to its parent company for medium-range (MR) tankers is well below the industry average, the company says.
The New York-listed tanker owner said the per-vessel management fee of $6,350 per day since May is 14% below the industry average of $7,390 per day.
Chief executive Angeliki Frangou said that the pact with Navios Maritime Holdings locked in fees that are 11% lower than the industry average.
"Let
