LIMASSOL, Cyprus, June 11, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company"), a global energy transportation services provider, announces it has entered into an agreement, through a wholly owned subsidiary, to acquire a 2021-built MR tanker vessel from an unaffiliated third-party for a purchase price of $36.25 million. The Company expects to fund the acquisition with cash on hand. The acquisition is expected to conclude by taking delivery of the vessel during Q2-Q3 2025 and is subject to the satisfaction of certain customary closing conditions. About Toro Corp. Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceango

LIMASSOL, Cyprus, May 14, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company"), an international energy transportation services company, announces that on May 5, 2025, the senior term loan facility granted to Castor Maritime Inc. in December 2024 was fully repaid. About Toro Corp. Toro Corp. is an international energy transportation services company with a fleet of LPG carriers that carry liquefied petrochemical gases worldwide. Toro Corp. currently owns a fleet of four 5,000 LPG carrier vessels. 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". Fo

LIMASSOL, Cyprus, April 15, 2025 (GLOBE NEWSWIRE) -- Toro Corp (NASDAQ:TORO), ("Toro" or the "Company"), an international energy transportation services company, announces that the Company's annual report on Form 20‐F (the "Annual Report"), which contains the Company's audited consolidated financial statements for the fiscal year ended December 31, 2024, was filed with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report is now accessible on the SEC website at http://www.sec.gov and on the Company's website at http://www.torocorp.com, in the "Investors" section under "Annual reports". Shareholders may receive a hard copy of the Annual Report free of charge upon reque

LIMASSOL, Cyprus, April 15, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the year ended December 31, 2024. Highlights of the Fourth Quarter Ended December 31, 2024: Total vessel revenues from continuing operations: $5.2 million, as compared to $7.3 million for the three months ended December 31, 2023, or a 28.8% decrease; Net income from continuing operations: $1.0 million, as compared to $9.3 million for the three months ended December 31, 2023, or a 89.2% decrease;Net income: $1.0 million, as compared to $28.2 million for the three

LIMASSOL, Cyprus, March 24, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announced today that, in relation to the previously announced spin-off of its wholly owned subsidiary, Robin Energy Ltd. ("Robin"), the record date has been set to April 7, 2025 (the "Record Date"), and the Company expects to complete the distribution of Robin common shares on or about April 14, 2025. In the spin-off, Toro shareholders will receive one common share of Robin for every eight Toro common shares held at the close of business on the Record Date. Additional information regarding Robin and the proposed spin-off transact

LIMASSOL, Cyprus, March 01, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that its Board of Directors (the "Board"), has decided, on the recommendation of a special committee of the Board, consisting of its independent disinterested members, to effect a spin-off of its Handysize tanker business comprising of one Handysize tanker and Xavier Shipping Co. (subsidiary formerly owning the M/T Wonder Formosa) (the "Spin-Off"). In the Spin-Off, Toro shareholders will receive one common share of Robin Energy Ltd. ("Robin"), a newly formed subsidiary that will act as the holding company for the one tan

LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement ("SPA") with MPC Münchmeyer Petersen & Co. GmbH ("MPC Holding") for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) ("MPC Capital"). The acquisition price of the shares has been agreed at a price of €7.00 per share, which is equal to an aggregate cost of €182.8 million

LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company"), an international energy transportation services company, announces the agreement to provide a $100 million senior term loan facility to Castor Maritime Inc. (the "Term Loan"). The Term Loan is secured by 10 vessels wholly owned by Castor which are currently valued at approximately $235 million based on third party valuations, has a tenor of 5 years and bears interest at SOFR plus 1.80% per annum. Furthermore, Toro announces that on December 12, 2024, has agreed to increase by 50,000 preferred shares its investment in Castor's 5.00% Series D cumulative perpetual convertible preferred sh

LIMASSOL, Cyprus, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2024. Highlights of the Third Quarter Ended September 30, 2024: Total vessel revenues from continuing operations: $5.3 million, as compared to $6.5 million for the three months ended September 30, 2023, or a 18.5% decrease;Net income from continuing operations: $1.0 million, as compared to $0.2 million for the three months ended September 30, 2023, or a 400.0% increase;Net income: $1.0 million, as compared to $35.1 million for the three mon

LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that the Company's 2024 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 6, 2024, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. At the Meeting, the following proposals were approved and adopted: The re-election of Mr. Petros Zavakopoulos to serve as the Company's Class A Director until the 2027 Annual General Meeting of Shareholders; The appointment of Deloitte Certified Public Accountants S.A., as the Company's inde

LIMASSOL, Cyprus, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that the Company's 2024 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 6, 2024, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. At the Meeting, the following proposals were approved and adopted: The re-election of Mr. Petros Zavakopoulos to serve as the Company's Class A Director until the 2027 Annual General Meeting of Shareholders; The appointment of Deloitte Certified Public Accountants S.A., as the Company's inde

LIMASSOL, Cyprus, April 15, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the year ended December 31, 2024. Highlights of the Fourth Quarter Ended December 31, 2024: Total vessel revenues from continuing operations: $5.2 million, as compared to $7.3 million for the three months ended December 31, 2023, or a 28.8% decrease; Net income from continuing operations: $1.0 million, as compared to $9.3 million for the three months ended December 31, 2023, or a 89.2% decrease;Net income: $1.0 million, as compared to $28.2 million for the three

LIMASSOL, Cyprus, March 01, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that its Board of Directors (the "Board"), has decided, on the recommendation of a special committee of the Board, consisting of its independent disinterested members, to effect a spin-off of its Handysize tanker business comprising of one Handysize tanker and Xavier Shipping Co. (subsidiary formerly owning the M/T Wonder Formosa) (the "Spin-Off"). In the Spin-Off, Toro shareholders will receive one common share of Robin Energy Ltd. ("Robin"), a newly formed subsidiary that will act as the holding company for the one tan

LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ:CTRM), ("Castor" or the "Company"), a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement ("SPA") with MPC Münchmeyer Petersen & Co. GmbH ("MPC Holding") for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) ("MPC Capital"). The acquisition price of the shares has been agreed at a price of €7.00 per share, which is equal to an aggregate cost of €182.8 million

LIMASSOL, Cyprus, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2024. Highlights of the Third Quarter Ended September 30, 2024: Total vessel revenues from continuing operations: $5.3 million, as compared to $6.5 million for the three months ended September 30, 2023, or a 18.5% decrease;Net income from continuing operations: $1.0 million, as compared to $0.2 million for the three months ended September 30, 2023, or a 400.0% increase;Net income: $1.0 million, as compared to $35.1 million for the three mon

LIMASSOL, Cyprus, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the six months ended June 30, 2024. Highlights of the Second Quarter Ended June 30, 2024: Total vessel revenues: $5.5 million, as compared to $24.9 million for the three months ended June 30, 2023, or a 77.9% decrease;Net income: $1.1 million, as compared to $55.4 million for the three months ended June 30, 2023, or a 98.0% decrease;Earnings per common share, basic: $0.001 per share, as compared to $3.34 per share for the three months ended June 30, 2023;EBITDA(1): $0.2 milli

LIMASSOL, Cyprus, May 10, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months ended March 31, 2024. Highlights of the First quarter Ended March 31, 2024: Total vessel revenues: $7.0 million, as compared to $31.2 million for the three months ended March 31, 2023, or a 77.6% decrease;Net income: $22.1 million, as compared to $22.0 million for the three months ended March 31, 2023, or a 0.5% increase;Earnings per common share, basic: $1.11 per share, as compared to $2.29 per share for the three months ended March 31, 2023;EBITDA(1): $21.4 million, as c

LIMASSOL, Cyprus, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the year ended December 31, 2023. Highlights of the Fourth quarter Ended December 31, 2023: Total vessel revenues: $11.9 million, as compared to $38.0 million for the three months ended December 31, 2022, or a 68.7% decrease;Net income: $28.2 million, as compared to $25.1 million for the three months ended December 31, 2022, or a 12.4% increase;Earnings (basic) per common share: $1.41 per share, as compared to $2.65 per share for the three months ended December 31, 2022;E

LIMASSOL, Cyprus, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company") an international energy transportation services company, announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million. The vessel is expected to be delivered to its new owner during the first quarter of 2024. The Company expects to record during the first quarter of 2024 a net gain of approximately $20.9 million from the above-mentioned sale, excluding any transaction-related costs. About Toro Corp. Toro Corp. is an international energy tra

LIMASSOL, Cyprus, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO), ("Toro", or the "Company"), an international energy transportation services company, today announced its results for the three months and the nine months ended September 30, 2023. Highlights of the Third Quarter Ended September 30, 2023: Total vessel revenues: $10.5 million, as compared to $31.3 million for the three months ended September 30, 2022, or a 66.5% decrease;Net income: $35.1 million, as compared to $18.2 million for the three months ended September 30, 2022, or a 92.9% increase;Earnings (basic) per common share: $1.89 per share, as compared to $1.92 per share for the three months ended September

LIMASSOL, Cyprus, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ:TORO) ("Toro", or the "Company"), an international energy transportation services company, announces that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate agreements with two different unaffiliated third-parties for the sale of the (i) M/T Wonder Formosa, a 2006-built Handysize MR tanker, at a price of $18.0 million, and (ii) M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million. Both vessels are expected to be delivered to their new owners during the fourth quarter of 2023. The Company expects to record during the fourth quarter of 2023 (i) a net gain