Toro Corp. Announces Vessel Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2025
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Source: Newsfilter
Acquisition Announcement: Toro Corp. has agreed to acquire a 2021-built MR tanker vessel for $36.25 million, which will be funded with cash on hand, and the acquisition is expected to conclude by Q2-Q3 2025, subject to customary closing conditions.
Company Overview: Upon completion of this acquisition, Toro Corp.'s fleet will consist of four LPG carriers and one MR tanker vessel, enhancing its capacity to transport petrochemical gases and refined petroleum products globally.
Analyst Views on TORO
About TORO
Toro Corp. is an energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company owns two LPG carrier vessels, which include Dream Vermax and Dream Arrax; and one Medium Range (MR) tanker vessel that transports petrochemical gases and refined petroleum products worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
