TORO COMPANY THE overview

LIMASSOL, Cyprus, June 27, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on June 15, 2023, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Musica , a 2004-built Aframax/LR2 tanker, at a price of $28.0 million. The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of...

LIMASSOL, Cyprus, June 15, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on June 14, 2023, the Company took delivery of the 2015 eco design Japanese-built 5,000 cbm LPG carrier Dream Arrax , which it had agreed to acquire, as previously announced, on April 27, 2023. The acquisition price of $16.95 million was financed in its entirety with cash on hand. About Toro Corp. Toro Corp. is...

LIMASSOL, Cyprus, May 30, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on May 26, 2023, the Company took delivery of the 2020 eco design Japanese-built 5,000 cbm LPG carrier Dream Terrax , which it had agreed to acquire, as previously announced, on April 27, 2023. The acquisition price of $19.87 million was financed in its entirety with cash on hand. About Toro Corp. Toro Corp. is an...

LIMASSOL, Cyprus, May 23, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), an international energy transportation services company, today announced its results for the three months ended March 31, 2023. Highlights of the First Quarter Ended March 31, 2023: Total vessel revenues: $31.2 million, as compared to $16.8 million for the three months ended March 31, 2022, or a 85.7% increase; Net income: $22.0 million, as compared to $1.2 million for the three...

LIMASSOL, Cyprus, May 19, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on May 18, 2023 and on May 12, 2023, the Company entered into two separate agreements with an unaffiliated third-party for the sale of (i) the M/T Wonder Polaris , a 2005-built Aframax/LR2 tanker, at a price of $34.5 million, and (ii) the M/T Wonder Bellatrix , a 2006-built Aframax/LR2 tanker, at a price of $37.0...

LIMASSOL, Cyprus, May 04, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), an international energy transportation services company, announces that on April 28, 2023, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Avior , a 2004-built Aframax/LR2 tanker, at a price of $30.1 million. The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of...

LIMASSOL, Cyprus, April 27, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro,” or the “Company”), an international energy transportation services company, announces that on April 26, 2023, the Company, through four wholly owned subsidiaries, entered into agreements with an unaffiliated third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million....