Nasdaq-listed Toro Corp. remains active in the sale-and-purchase arena after the latest move to buy a modern tanker for $30.3m.
The Petros Panagiotidis-led company said it had sealed a deal on
Nasdaq-listed Toro Corp. remains active in the sale-and-purchase arena after the latest move to buy a modern tanker for $30.3m.
The Petros Panagiotidis-led company said it had sealed a deal on September 19, through a wholly owned subsidiary, with an unaffiliated third-party to acquire the 2014-built MR (MR2 class) tanker Wonder Maia for a purchase price of $30.3m.
The Wonder Maia was delivered to the company on September 29. On September 24, the company paid deposit to the vessel’s seller amounting to $3.0m, or 10% of the purchase price of the vessel, and the balance of $27.3m is payable upon delivery of the vessel.
The acquisition comes few days after Toro made a move to sell an LPG carrier at a price of $20.0m.
The company on September 16 entered into an agreement with a wholly owned subsidiary of Robin, for the sale of the LPG carrier Dream Terrax. The vessel
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