Toro Corp. Finalizes Agreement for Dream Terrax LPG Carrier

Author: Ryan Hughes Updated: 09-16-2025 09:23 AM

Toro Corp. Sells LPG Carrier Dream Terrax

Toro Corp. (NASDAQ: TORO), a leader in energy transportation services, has successfully entered into a strategic agreement to sell its LPG carrier, the Dream Terrax. Built in 2020, this vessel is set to be sold for an impressive price of $20 million to a subsidiary of Robin Energy Ltd., a Nasdaq-listed company led by Toro's Chairman and CEO.

Details of the Sale

This transaction was thoroughly vetted and approved by independent members of the Boards of Toro and Robin. The negotiations were conducted by special committees composed of disinterested directors, ensuring transparency and fairness throughout the process.

As part of the agreement, the Dream Terrax is scheduled for delivery to its new owner within the upcoming year, pending the fulfillment of customary closing conditions.

About Toro Corp.

Toro Corp. stands as a prominent figure in the global energy transportation sector, operating a sophisticated fleet designed to handle various energy needs. After the completion of the sale, Toro’s fleet will consists of two LPG carriers and one MR tanker vessel, continuing to provide vital services in transporting petrochemical gases and refined petroleum products across the globe.

Incorporated in the Republic of the Marshall Islands, Toro Corp. has established itself on the Nasdaq Capital Market. The symbol by which its shares trade is “TORO”, signifying its commitment to delivering quality and reliability in energy transportation.

The Future for Toro Corp.

The company is poised for continued growth and resilience in the energy transportation market. The decision to sell Dream Terrax reflects a strategic realignment of Toro's assets, aimed at enhancing operational efficiency and positioning the company for future opportunities in the evolving energy sector.

Toro Corp. remains dedicated to providing safe and reliable transport services, adapting to market conditions, and meeting customer needs while ensuring robust returns for shareholders.

Frequently Asked Questions

What is the sale price of the Dream Terrax?

The Dream Terrax is sold for $20 million.

Who is purchasing the Dream Terrax?

The buyer is a wholly owned subsidiary of Robin Energy Ltd.

What type of vessel is Dream Terrax?

Dream Terrax is a 5,000 cbm LPG carrier.

How will the fleet composition change for Toro Corp.?

After the sale, Toro’s fleet will consist of two LPG carriers and one MR tanker vessel.

Where can I learn more about Toro Corp.?

More information can be found on Toro Corp.'s official website.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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