Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

1/16/24 9:10:48 AM ET

Marine Transportation

Consumer Discretionary

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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.

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Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

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Toro Corp. Announces The Sale Of The M/T Wonder Sirius For $33.8M With An Expected Net Gain Of $20.9M

Chat with this insight

Recent Analyst Ratings for $TORO

$TORO Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13D/A filed by Toro Corp. (Amendment)

$TORO Leadership Updates

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Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

$TORO Financials

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Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

Toro Corp. Reports Net Income of $22.1 Million for the Three months Ended March 31, 2024

Toro Corp. Reports Net Income of $28.2 Million for the Three Months Ended December 31, 2023 and $140.6 Million for the Year Ended December 31, 2023

$TORO Press Releases

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Toro Corp. Announces Results of its 2024 Annual General Meeting of Shareholders

Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024

Toro Corp. Announces the Date of its 2024 Annual General Meeting of Shareholders

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