Toro Corp buys two MR tankers for $83.4M
Toro Corp. expands its fleet with two cash-funded MR tanker acquisitions totaling $83.4 million.
Rhea-AI Filing Summary
Toro Corp. (TORO) reported that it has acquired and taken delivery of two MR tanker vessels from unaffiliated sellers, funded entirely with cash on hand. The company bought the M/T Wonder Alasia, a 2018 Japanese-built MR tanker, for $45.9 million, delivered on September 17, 2026, and a 2014 Korean-built scrubber-fitted MR tanker for $37.5 million, delivered on September 18, 2026 and expected to be renamed M/T Wonder Atria. Toro states that its fleet now comprises four MR tanker vessels and two LPG carriers transporting refined petroleum products and petrochemical gases worldwide.
Positive
- Acquisition of two modern MR tankers for $83.4 million expands Toro’s tanker fleet, adding 2018 Japanese-built and 2014 Korean-built scrubber-fitted vessels and supporting its global energy transportation services.
- Transactions funded entirely with cash on hand indicate access to internal liquidity without new equity or debt described in this report.
Negative
- $83.4 million cash outflow for the two tanker acquisitions reduces cash on hand, representing a sizable capital commitment to fleet growth.
Filing Explained
This Form 6-K is an interim report for a foreign private issuer, and it incorporates the vessel-acquisition disclosure into Toro’s existing Form F-3 and Form S-8 registration statements, making that information part of those filings.
Key Figures
Purchase price – M/T Wonder Alasia: $45.9 million
Purchase price – 2014 MR tanker: $37.5 million
Total acquisition cost: $83.4 million
+4 more
7 metrics
Purchase price – M/T Wonder Alasia
$45.9 million
2018 Japanese-built MR tanker vessel acquired and delivered on September 17, 2026
Purchase price – 2014 MR tanker
$37.5 million
2014 Korean-built scrubber-fitted MR tanker expected to be renamed M/T Wonder Atria, delivered September 18, 2026
Total acquisition cost
$83.4 million
Combined purchase prices of the two MR tanker vessels funded with cash on hand
MR tanker vessels in fleet
4 vessels
Fleet composition stated after the reported acquisitions
LPG carriers in fleet
2 vessels
LPG carriers transporting petrochemical gases worldwide
Delivery date – M/T Wonder Alasia
September 17, 2026
Date Toro took delivery of the 2018 Japanese-built MR tanker
Delivery date – scrubber-fitted MR tanker
September 18, 2026
Date Toro took delivery of the 2014 Korean-built scrubber-fitted MR tanker
Key Terms
MR tanker, scrubber-fitted, forward-looking statements, safe harbor provisions, +1 more
5 terms
MR tanker technical
"to acquire two MR tanker vessels (the “Vessels”)"
scrubber-fitted technical
"a 2014 Korean-built scrubber-fitted MR tanker vessel"
A vessel described as scrubber-fitted has been equipped with an exhaust gas cleaning system—a large filter that removes sulfur and other pollutants from ship engine emissions. For investors this matters because the retrofit changes operating economics and regulatory exposure: it can allow use of less expensive fuel while meeting environmental rules, but it requires upfront capital, affects maintenance and resale value, and alters running costs and compliance risk.
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor provisions regulatory
"covered by the safe harbor provisions for forward-looking statements"
Safe harbor provisions are rules or legal protections that shield companies or individuals from certain penalties or liabilities when they follow specific guidelines or procedures. They provide a sense of security, encouraging compliance and innovation by reducing the fear of legal repercussions if they act in good faith. For investors, these provisions help ensure that companies are transparent and accountable without the risk of unfair punishment for honest mistakes.
petrochemical gases technical
"two LPG carriers transporting refined petroleum products and petrochemical gases"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What vessels did Toro Corp. (TORO) acquire in September 2026?
Toro acquired two MR tanker vessels: M/T Wonder Alasia, a 2018 Japanese-built MR tanker for $45.9 million, and a 2014 Korean-built scrubber-fitted MR tanker for $37.5 million, expected to be renamed M/T Wonder Atria.
How much did Toro Corp. (TORO) pay for the newly acquired tankers?
Toro paid $45.9 million for M/T Wonder Alasia and $37.5 million for the 2014 Korean-built scrubber-fitted MR tanker, for a total acquisition cost of $83.4 million, funded with cash on hand.
When were Toro Corp.’s new MR tankers delivered?
Toro took delivery of M/T Wonder Alasia on September 17, 2026, and the 2014 Korean-built scrubber-fitted MR tanker, expected to be renamed M/T Wonder Atria, on September 18, 2026.
How was Toro Corp. (TORO) funding the acquisitions of the two tankers?
Toro states that the acquisitions of the two MR tanker vessels were funded with cash on hand, with no additional financing arrangements described in this report.
What is Toro Corp.’s fleet composition after these acquisitions?
Toro describes its fleet as comprising four MR tanker vessels and two LPG carriers, transporting refined petroleum products and petrochemical gases worldwide following the reported acquisitions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number: 001-41561
TORO CORP.
(Translation of registrant’s name into English)
223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this report on Form 6-K as Exhibit 99.1 is
a copy of the press release issued by Toro Corp. (the “Company”) on September 18, 2026 announcing the acquisitions and deliveries of two tanker vessels.
The information contained in this report on Form 6-K and Exhibit 99.1 attached hereto are hereby incorporated by reference into the Company’s registration statements on Form F-3 (File Nos. 333-275477 and 333-275478) and
Form S-8 (File Nos. 333-274652 and 333-290645).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TORO CORP.
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Dated: September 18, 2026
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By:
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/s/ Petros Panagiotidis
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Petros Panagiotidis
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Chairman and Chief Executive Officer
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Exhibit 99.1
Toro Corp. Announces the Acquisitions and Deliveries of Two Tanker Vessels
Limassol, Cyprus, September 18, 2026 – Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation services provider, announces that it has entered
into agreements, through two separate wholly-owned subsidiaries, to acquire two MR tanker vessels (the “Vessels”), from unaffiliated third parties.
The Company acquired the M/T Wonder Alasia, a 2018 Japanese-built MR tanker vessel, for a purchase price of $45.9 million and took delivery of the vessel on September 17,
2026.
Furthermore, the Company acquired a 2014 Korean-built scrubber-fitted MR tanker vessel, for a purchase price of $37.5 million and took delivery of the vessel on September 18, 2026. The vessel is expected to be
renamed M/T Wonder Atria.
The Vessels’ acquisitions were funded with cash on hand.
About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The Company’s fleet comprises four MR tanker vessels and
two LPG carriers transporting refined petroleum products and petrochemical gases 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 transactions 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, 2025, 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