Toro Corp

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Toro Corp. is a shipping company, which engages in the acquisition, owning, chartering, and operation of oceangoing tanker vessels. The firm also provides seaborne transportation services for crude oil and refined petroleum products. It operates through the Aframax/LR2 Tanker and Handysize Tanker segments. The Aframax/LR2 Tanker segment includes vessels operated under time charter contracts, voyage charter contracts, and pools entered into by certain of the subsidiaries. The Handysize Tanker segment consists of vessels operated in a Handysize pool. The company was founded on July 29, 2022 and is headquartered in Limassol, Cyprus.

LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces the agreement to provide a $100 million senior term loan facility to Castor Maritime Inc. (the “Term Loan”). The Term Loan is secured by 10 vessels wholly owned by Castor which are currently valued at approximately $235 million based on third party valuations, has a tenor of 5 years and bears interest at SOFR plus 1.80% per annum.

Toro Corp. Announces the Provision of a Senior Term Loan to Castor Maritime Inc. and the Increase of its Investment in Castor's Series D Preferred Shares

LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that the Company's 2024 Annual General Meeting of Shareholders (the “Meeting”) was duly held on September 6, 2024, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, May 10, 2024 (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, 2024.

Toro Corp. Reports Net Income of $22.1 Million for the Three months Ended March 31, 2024

LIMASSOL, Cyprus, March 13, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro” or the “Company”), an international energy transportation services company, announces that the Company's annual report on Form 20‐F (the “Annual Report”), which contains the Company's audited consolidated financial statements for the fiscal year ended December 31, 2023, was filed with the U.S. Securities and Exchange Commission (the “SEC”).

Toro Corp. Announces Availability of its 2023 Annual Report on Form 20-F

LIMASSOL, Cyprus, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), an international energy transportation services company, today announced its results for the three months and the year ended December 31, 2023.

Toro Corp. Reports Net Income of $28.2 Million for the Three Months Ended December 31, 2023 and $140.6 Million for the Year Ended December 31, 2023

LIMASSOL, Cyprus, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on January 24, 2024, it completed the previously announced sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million, by delivering the vessel to its new owner.

Toro Corp. Announces the Completion of the Sale of the M/T Wonder Sirius

LIMASSOL, Cyprus, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million. The vessel is expected to be delivered to its new owner during the first quarter of 2024.

Toro Corp. Announces the Sale of the M/T Wonder Sirius for $33.8 Million with an Expected Net Gain of $20.9 Million

LIMASSOL, Cyprus, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on December 21, 2023, the Company completed the previously announced sale of the M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million, by delivering the vessel to its new owner. The Company expects to record a net gain on the above-mentioned sale of approximately $17.7 million, excluding any transaction-related costs during the fourth quarter of 2023.

Toro Corp. Announces the Completion of the Sale of the M/T Wonder Vega

Toro Corp.'s stock TORO, +2.00% was up by 3.5% in premarket trading on Wednesday after the lawn mower company's fourth-quarter profit and revenue beat analyst estimates. The Toro said its fourth-quarter net income fell 40% to $70.3 million, or 67 cents a share, from $117.6 million, or $1.12 a share in the year-ago quarter.

Toro's stock rises on stronger-than-expected profit

LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa, a 2006-built Handysize tanker, at a price of $18.0 million, by delivering the vessel to its new owner. The Company expects to record a net gain on the above-mentioned sale of approximately $9.0 million, excluding any transaction-related costs, during the fourth quarter of 2023.

Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa

LIMASSOL, Cyprus, Nov. 09, 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 and the nine months ended September 30, 2023.

Toro Corp. Reports Net Income of $35.1 Million for the Three Months Ended September 30, 2023 and $112.4 Million for the Nine Months Ended September 30, 2023

LIMASSOL, Cyprus, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate agreements with two different unaffiliated third-parties for the sale of the (i) M/T Wonder Formosa, a 2006-built Handysize MR tanker, at a price of $18.0 million, and (ii) M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million. Both vessels are expected to be delivered to their new owners during the fourth quarter of 2023.

Toro Corp. Announces the Sale of the M/T Wonder Formosa and the M/T Wonder Vega for an Aggregate $49.5 Million and Aggregate Expected Net Gain of $26.7 Million

LIMASSOL, Cyprus, Aug. 09, 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 and the six months ended June 30, 2023.

Toro Corp. Reports Net Income of $55.4 Million for the Three Months Ended June 30, 2023 and $77.3 Million for the Six Months Ended June 30, 2023

LIMASSOL, Cyprus, July 19, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on July 17, 2023 the Company completed the previously announced sale of M/T Wonder Avior, a 2004-built Aframax/LR2 tanker, at a price of $30.1 million, by delivering the vessel to its new owner. The Company expects to record during the third quarter of 2023 a net gain of $18.6 million, excluding any transaction-related costs.

Toro Corp. Announces the Delivery of its third LPG Carrier Dream Syrax and the Completion of the Sale of M/T Wonder Avior

LIMASSOL, Cyprus, July 07, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on July 6, 2023, the Company completed the previously announced sale of M/T Wonder Musica, a 2004-built Aframax/LR2 tanker, at a price of $28.0 million, by delivering the vessel to its new owner. The Company expects to record during the third quarter of 2023 a net gain of $17.1 million, excluding any transaction-related costs.

Toro Corp. Announces the Completion of the Sale of M/T Wonder Musica

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 transaction. The vessel is expected to be delivered to its new owner during the third quarter of 2023.

Toro Corp. Announces the Sale of the M/T Wonder Musica for $28.0 Million With an Expected Net Gain of $17.0 Million and the Completion of the Sales of M/T Wonder Bellatrix and M/T Wonder Polaris

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.

Toro Corp. Announces the Delivery of its second LPG Carrier Dream Arrax

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.

Toro Corp. Announces the Delivery of its first LPG Carrier Dream Terrax

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.

Toro Corp. Reports Net Income of $22.0 Million for the Three Months Ended March 31, 2023

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 million. The conclusion of the sale agreements is subject to the execution of definitive documentation customary for these types of transactions. Both vessels are expected to be delivered to their new owner during the second quarter of 2023.

Toro Corp. Announces the Sale of the M/T Wonder Polaris and the M/T Wonder Bellatrix for an Aggregate $71.5 Million and Aggregate Expected Net Gain of $42.9 Million

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 transaction. The vessel is expected to be delivered to its new owner during the second quarter of 2023.

Toro Corp. Announces the Sale of the M/T Wonder Avior for $30.1 Million and with an Expected Net Gain of $19.6 Million

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.

Toro Corp. Announces the En Bloc Acquisition of Four LPG Vessels

Toro Corp: CEO And Chairman Petros Panagiotidis Grabs Large Stake In Recent Capital Raise.

Toro Corp: CEO And Chairman Petros Panagiotidis Grabs Large Stake In Recent Capital Raise

LIMASSOL, Cyprus, April 17, 2023 (GLOBE NEWSWIRE) -- Toro Corp (NASDAQ: TORO), (“Toro” or the “Company”), an international energy transportation services company, announced today that on April 17, 2023, the Company entered into a subscription agreement (the “Subscription Agreement”) with Pani Corp., a company controlled by Toro's Chairman and Chief Executive Officer, pursuant to which Toro has agreed to issue and sell, and Pani Corp. has agreed to purchase, 8,500,000 common shares, par value $0.001 per share (the “Purchased Shares”), at a purchase price of USD$2.29 per share, for gross proceeds of USD$19,465,000. The purchase price per Purchase Share equals the market price per Toro's common share at the close of trading on April 13, 2023. The Purchased Shares will be issued in a private placement pursuant to Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder. The terms of the Subscription Agreement and the transaction were approved by the Board of Toro consisting of its independent and disinterested directors, following the negotiation and recommendation by a special committee of the independent and disinterested directors of the Board of Toro. The special committee was advised by independent legal and financial advisors in its negotiation and recommendation of the proposed transaction.

Toro Corp. Announces Entry into Subscription Agreement for the Issuance of 8,500,000 Common Shares

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