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Press Release: Toro Corp. Reports Net Income of $1.1 Million for the Three Months Ended June 30, 2024 and $23.3 Million for the Six Months Ended June 30, 2024
Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates in two segments, Aframax/LR2 tanker and Handysize tanker. Its Aframax/LR2 tankers, which transport crude oil; and Handysize tankers, which transport refined petroleum products. The company operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million deadweight ton. Toro Corp. was incorporated in 2022 and is headquartered in Limassol, Cyprus.