Toro Corp. (Marshall Islands)

The Company is engage in the worldwide transportation of crude oil and refined petroleum products using our Aframax/LR2 tankers, which transport crude oil, and Handysize tankers,which transport refined petroleum products.
On November 15, 2022 and December 30, 2022, the independent disinterested members of the board of directors of Castor, based on the recommendation of a special committee of independent disinterested directors (the “Special Committee”), approved the Spin Off in the “Castor Spin Off Resolutions” in order for each of us, holding Castor's tanker segments, and Castor, holding its dry bulk segment, to operate and pursue opportunities as a separate “pure play” company in the relevant shipping sector, to be
evaluated as such by the market and to enhance our and Castor's financing and growth opportunities. The terms of the Spin Off were negotiated and approved by the Special Committee.
Vision:
We seek to make timely acquisitions in order to grow and renew our fleet, while maintaining a solid balance sheet and cash flows. Toro aims to operate efficiently and effectively, while managing its fleet of tanker vessels in a manner that protects and fulfils the needs and expectations of our customers.
History:
2022: The Company was incorporated by Castor under the laws of the Republic of the Marshall Islands on July 29, 2022.
2022: The Company was changed name from Tankco Shipping Inc. to Toro Corp. on September 29, 2022 for the purpose of acquiring the tanker fleet of Castor.
The Company was listed on Nasdaq and Deutsche Boerse.