Toro Corp to Sell LPG Carrier to Robin Energy for $20 Million
ByAinvest
Tuesday, Sep 16, 2025 9:49 am ET1min read
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Toro Corp, a Cyprus-based shipping company, is selling its LPG carrier to Robin Energy for $20 million. Toro Corp operates oceangoing tanker vessels and provides transportation services for crude oil and refined petroleum products. The company operates two reportable segments: Aframax/LR2 tankers for crude oil and Handysize tankers for crude oil and refined petroleum products. The sale is a strategic move to optimize the company's fleet and maximize profitability.
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