Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa

December 15, 2023

https://www.globenewswire.com/news-release/2023/11/20/2783301/0/en/Toro-Corp-Announces-the-Completion-of-the-Sale-of-the-M-T-Wonder-Formosa.html

LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) — Toro Corp. (NASDAQ:TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa, a 2006-built Handysize tanker, at a price of $18.0 million, by delivering the vessel to its new owner. The Company expects to record a net gain on the above-mentioned sale of approximately $9.0 million, excluding any transaction-related costs, during the fourth quarter of 2023.

Read more at globenewswire.com

Related news for (TORO)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.