Toro Corp. To Sell LPG Carrier Dream Syrax To Robin Energy Subsidiary For $18 Mln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2025
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Source: NASDAQ.COM
Sale of LPG Carrier: Toro Corp. has agreed to sell its 2015-built LPG carrier, Dream Syrax, for $18 million to a subsidiary of Robin Energy Ltd., with the transaction approved by independent board members from both companies.
Stock Performance: Following the announcement, Toro's stock rose significantly, closing at $2.96 and trading at $3.12 in after-hours, reflecting a notable increase.
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.
