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Toro Corp. Announces the Sale of the LPG Carrier Dream Syrax
Globenewswireยท 2025-07-10 12:30
Core Viewpoint - Toro Corp. has entered into an agreement to sell the Dream Syrax, a 2015-built 5,000 cbm LPG Carrier vessel, to a subsidiary of Robin Energy Ltd. for $18 million [1][2]. Company Overview - Toro Corp. is a global energy transportation services provider operating a modern fleet of oceangoing vessels. After the sale, the company's fleet will consist of three LPG carriers and one MR tanker [3]. Transaction Details - The transaction was approved by independent members of the Boards of Toro and Robin, following negotiations by special committees of independent directors [2]. - The vessel is expected to be delivered to its new owner in the third quarter of 2025, pending customary closing conditions [2].