Toro Corp. operates as a shipping company specializing in the seaborne transportation of liquefied petroleum gas (LPG) and refined products. The company acquires, owns, charters, and operates oceangoing carrier vessels that transport LPG and other energy commodities to customers worldwide. Its fleet comprises both specialized LPG carriers and conventional tanker vessels designed to meet varying cargo requirements across global energy supply chains.
The company's operations are organized into two segments: Handysize Tanker and LPG Carrier. The LPG Carrier segment focuses on the transportation of liquefied petroleum gas, while the Handysize Tanker segment handles refined petroleum products and other liquid cargoes. As of December 31, 2024, Toro's fleet consisted of five vessels—four LPG carriers and one Handysize tanker—with a combined cargo capacity of approximately 0.02 million deadweight tonnage.
Incorporated in 2022 and headquartered in Limassol, Cyprus, Toro Corp. is a recent entrant to the shipping sector. The company operates vessels on international routes, serving the global LPG and petroleum product markets. With a market capitalization of $0.1 billion, the company operates at a modest scale within the midstream energy transportation sector.
No 10-K filings found.