Toro to spin off its Handysize tanker business; shares climb
Spin-off Announcement: Toro has announced a spin-off of its Handysize tanker business, which includes one tanker and Xavier Shipping, allowing shareholders to receive shares in the newly formed subsidiary, Robin Energy.
Leadership and Market Impact: Petros Panagiotidis will lead Robin as CEO, and the transaction is expected to enhance operational focus for both companies, leading to an increase in share value, as evidenced by an 8% rise in Toro's stock during extended trading.
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16th Annual Capital Link Greek Shipping Forum Set for February 2026
- Event Date and Venue: The 16th Annual Capital Link Greek Shipping Forum is scheduled for February 5, 2026, at the Athenaeum Intercontinental Athens, expected to attract global shipping leaders and institutions to discuss industry trends and challenges.
- Industry Leadership Participation: The forum will feature the Shipping Ministers of Greece, Cyprus, and Malta, along with the U.S. Deputy Assistant Secretary for Transportation Affairs, showcasing the regulatory dynamics affecting the global shipping sector.
- Award Ceremony: During the forum, the 2026 Capital Link Greek Shipping Leadership Award will be presented to Mr. Pantelis Eleftherios Kollakis, Chairman of Chartworld Group, recognizing his contributions to the shipping industry and Greece, thereby enhancing industry influence.
- Diverse Topic Discussions: The forum will cover various themes from energy transition to digital technology, aiming to provide forward-looking strategies that help stakeholders maintain competitiveness in a complex global environment.
Toro Corp Declares Special Dividend of $1.75 Per Share
- Special Dividend Payment: Toro Corp announces a special dividend of $1.75 per share, paid on January 16, 2026, involving approximately $9.3 million in cash and 7,378,575 shares, demonstrating the company's commitment to shareholder returns.
- Shareholder Election Results: Based on shareholder elections, the special dividend was paid in cash and stock, reflecting shareholder confidence in the company's future and demand for liquidity.
- Trading Arrangements: Nasdaq notified the company that its common shares would trade with due bills from December 16, 2025, ensuring shareholder rights are protected before the dividend payment date, enhancing market liquidity.
- Company Background: Toro Corp is a global energy transportation services provider operating a modern fleet focused on transporting petrochemical gases and refined petroleum products, showcasing its competitiveness and potential for business expansion in the global market.
Toro Corp Declares $1.75 Special Dividend Per Share
- Special Dividend Announcement: Toro Corp's board has declared a special dividend of $1.75 per share, expected to be paid on January 16, 2026, reflecting the company's strong cash flow and commitment to shareholder returns.
- Dividend Payment Options: Shareholders can choose between cash or common shares for the dividend, based on a 20-day VWAP of $3.8386 as of December 4, 2025, enhancing shareholder flexibility and engagement.
- Trading Impact: Since the special dividend exceeds 25% of the common share trading price, Nasdaq mandates the use of “due bills” from December 16, 2025, to January 16, 2026, ensuring shareholder rights are protected during this period.
- Market Reaction Expectations: The dividend is anticipated to attract more investor interest in Toro Corp, enhancing its market image and potentially driving up stock prices, reflecting the company's robust performance in the energy transportation sector.
NOTICE – Leaders in Container, Dry Bulk, Gas (LNG/LPG), and Tanker Shipping to Speak at Capital Link’s 17th Annual New York Maritime Forum – Tuesday, October 14, 2025, New York City
Event Overview: The 17th Annual Capital Link New York Maritime Forum will take place on October 14, 2025, at the Metropolitan Club in New York City, featuring senior executives from major shipping companies and discussions on various maritime sectors.
Keynote Speakers and Panels: The forum will include keynote addresses from industry leaders and regulatory officials, along with panel discussions covering container shipping, dry bulk, LNG/LPG, and tanker sectors, focusing on market trends and operational issues.
Networking Opportunities: Attendees will have the chance to engage in 1x1 meetings with company executives, gain insights into capital markets and decarbonization, and expand their professional networks within the maritime and finance communities.
Registration and Participation: Registration is complimentary for institutional investors and shipping companies, with additional information available through Capital Link's website and contact details provided for inquiries.
Participate with World Leaders at the 17th Annual Capital Link New York Maritime Forum
Event Announcement: The 17th Annual New York Maritime Forum (NYMF) will take place on October 14, 2025, at the Metropolitan Club in New York City, organized by Capital Link in partnership with DNB, Nasdaq, and NYSE.
Networking and Insights: The forum will provide opportunities for institutional investors to meet with shipping executives, gain market intelligence through panels, and hear from key industry leaders on maritime policy and strategy.
Toro Corp. Confirms the Successful Sale of LPG Carrier Dream Syrax
Company Announcement: Toro Corp. has completed the sale of the Dream Syrax, a 2015-built LPG Carrier vessel, to its new owner as of September 3, 2025.
Company Overview: Toro Corp. is a global energy transportation services provider with a fleet that includes three LPG carriers and one MR tanker, trading on the Nasdaq under the symbol "TORO".
16th Annual Capital Link Greek Shipping Forum Set for February 2026
- Event Date and Venue: The 16th Annual Capital Link Greek Shipping Forum is scheduled for February 5, 2026, at the Athenaeum Intercontinental Athens, expected to attract global shipping leaders and institutions to discuss industry trends and challenges.
- Industry Leadership Participation: The forum will feature the Shipping Ministers of Greece, Cyprus, and Malta, along with the U.S. Deputy Assistant Secretary for Transportation Affairs, showcasing the regulatory dynamics affecting the global shipping sector.
- Award Ceremony: During the forum, the 2026 Capital Link Greek Shipping Leadership Award will be presented to Mr. Pantelis Eleftherios Kollakis, Chairman of Chartworld Group, recognizing his contributions to the shipping industry and Greece, thereby enhancing industry influence.
- Diverse Topic Discussions: The forum will cover various themes from energy transition to digital technology, aiming to provide forward-looking strategies that help stakeholders maintain competitiveness in a complex global environment.
Toro Corp Declares Special Dividend of $1.75 Per Share
- Special Dividend Payment: Toro Corp announces a special dividend of $1.75 per share, paid on January 16, 2026, involving approximately $9.3 million in cash and 7,378,575 shares, demonstrating the company's commitment to shareholder returns.
- Shareholder Election Results: Based on shareholder elections, the special dividend was paid in cash and stock, reflecting shareholder confidence in the company's future and demand for liquidity.
- Trading Arrangements: Nasdaq notified the company that its common shares would trade with due bills from December 16, 2025, ensuring shareholder rights are protected before the dividend payment date, enhancing market liquidity.
- Company Background: Toro Corp is a global energy transportation services provider operating a modern fleet focused on transporting petrochemical gases and refined petroleum products, showcasing its competitiveness and potential for business expansion in the global market.
Toro Corp Declares $1.75 Special Dividend Per Share
- Special Dividend Announcement: Toro Corp's board has declared a special dividend of $1.75 per share, expected to be paid on January 16, 2026, reflecting the company's strong cash flow and commitment to shareholder returns.
- Dividend Payment Options: Shareholders can choose between cash or common shares for the dividend, based on a 20-day VWAP of $3.8386 as of December 4, 2025, enhancing shareholder flexibility and engagement.
- Trading Impact: Since the special dividend exceeds 25% of the common share trading price, Nasdaq mandates the use of “due bills” from December 16, 2025, to January 16, 2026, ensuring shareholder rights are protected during this period.
- Market Reaction Expectations: The dividend is anticipated to attract more investor interest in Toro Corp, enhancing its market image and potentially driving up stock prices, reflecting the company's robust performance in the energy transportation sector.
NOTICE – Leaders in Container, Dry Bulk, Gas (LNG/LPG), and Tanker Shipping to Speak at Capital Link’s 17th Annual New York Maritime Forum – Tuesday, October 14, 2025, New York City
Event Overview: The 17th Annual Capital Link New York Maritime Forum will take place on October 14, 2025, at the Metropolitan Club in New York City, featuring senior executives from major shipping companies and discussions on various maritime sectors.
Keynote Speakers and Panels: The forum will include keynote addresses from industry leaders and regulatory officials, along with panel discussions covering container shipping, dry bulk, LNG/LPG, and tanker sectors, focusing on market trends and operational issues.
Networking Opportunities: Attendees will have the chance to engage in 1x1 meetings with company executives, gain insights into capital markets and decarbonization, and expand their professional networks within the maritime and finance communities.
Registration and Participation: Registration is complimentary for institutional investors and shipping companies, with additional information available through Capital Link's website and contact details provided for inquiries.
Participate with World Leaders at the 17th Annual Capital Link New York Maritime Forum
Event Announcement: The 17th Annual New York Maritime Forum (NYMF) will take place on October 14, 2025, at the Metropolitan Club in New York City, organized by Capital Link in partnership with DNB, Nasdaq, and NYSE.
Networking and Insights: The forum will provide opportunities for institutional investors to meet with shipping executives, gain market intelligence through panels, and hear from key industry leaders on maritime policy and strategy.
Toro Corp. Confirms the Successful Sale of LPG Carrier Dream Syrax
Company Announcement: Toro Corp. has completed the sale of the Dream Syrax, a 2015-built LPG Carrier vessel, to its new owner as of September 3, 2025.
Company Overview: Toro Corp. is a global energy transportation services provider with a fleet that includes three LPG carriers and one MR tanker, trading on the Nasdaq under the symbol "TORO".
