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Toro Corp. is a maritime shipping company specializing in acquiring, owning, operating, and chartering oil tanker vessels. These vessels transport crude oil and refined petroleum products across the globe. Its operations are structured around two main segments: Aframax/LR2 tankers and Handysize tankers. The firm boasts a fleet of eight tankers, collectively capable of carrying 0.7 million deadweight tons (dwt) of cargo. Established in 2022, Toro Corp. maintains its corporate headquarters in Limassol, Cyprus.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Elects President and Chief Operating Officer Edric C. Funk to Succeed Richard M. Olson as Chief Executive Officer.
LIMASSOL, Cyprus, July 20, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), a global energy transportation services provider, announced today that its Board of Directors (the ”Board”) has scheduled the Company's 2026 Annual General Meeting of Shareholders (the ”Meeting”) to be held on September 11, 2026, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of July 17, 2026 (the ”Record Date”) for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.
Toro Corp. offers a compelling risk-reward profile, supported by strong shareholder alignment, the CEO's 74.2% stake, and substantial cash reserves. The CEO's decision to receive the special dividends in shares, alongside its insider purchases, strengthens shareholder alignment and signals confidence in further value creation. TORO's core shipping business is stable but secondary to the value embedded in its preferred stake in Castor Maritime, which could unlock significant upside.
AG closes Del Toro mine sale to Sierra Madre in a cash-and-shares deal worth up to $60M, with milestone payments tied to resources and output.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company Publishes 2025 Global Sustainability Impact Report.