Toro Corp. Announces the Completion of the Sale of the LPG Carrier Dream Syrax
Rhea-AI Summary
Toro Corp. (NASDAQ: TORO), a global energy transportation services provider, has completed the sale of its LPG carrier vessel Dream Syrax on September 3, 2025. The 2015-built vessel, with a capacity of 5,000 cbm, has been successfully delivered to its new owner.
Following this transaction, Toro's fleet now consists of three LPG carrier vessels and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide. The company continues to operate as a Marshall Islands-incorporated entity with its shares trading on the Nasdaq Capital Market.
Positive
- Fleet optimization through strategic vessel sale
- Maintains diversified fleet with both LPG carriers and MR tankers
Negative
- Reduction in total fleet size from 5 to 4 vessels
- Decreased LPG carrier capacity in the fleet
News Market Reaction – TORO
On the day this news was published, TORO declined 0.36%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LIMASSOL, Cyprus, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), a global energy transportation services provider, announces that on September 3, 2025, it completed the previously announced sale of the Dream Syrax a 2015-built 5,000 cbm LPG Carrier vessel by delivering the vessel to its new owner.
About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. Toro Corp. owns three LPG carrier vessels and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.
Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol “TORO”.
For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of this press release.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, uncertainties related to the Company’s and its counterparty’s ability to consummate the transaction discussed herein, as well as those factors discussed under “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2024 and our other filings with the SEC, which can be obtained free of charge on the SEC’s website at http://www.sec.gov. Except to the extent required by applicable law, we disclaim any intention or obligation to update publicly or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
CONTACT DETAILS
For further information please contact:
Investor Relations
Toro Corp.
Email: ir@torocorp.com
FAQ
What vessel did Toro Corp (NASDAQ:TORO) sell in September 2025?
How many vessels remain in Toro Corp's fleet after the Dream Syrax sale?
What type of vessels does Toro Corp (NASDAQ:TORO) operate?
Where is Toro Corp incorporated and where do its shares trade?
