Castor tanker spinoff Toro flips veteran aframax for $19.6m profit

Capt. John

Nasdaq-listed tanker and LPG owner Toro has offloaded its nineteen-year-old aframax LR2 for $30.1m, nearly tripling its money from the deal. The spinoff of Cyprus-based Castor Maritime expects to score a net gain of approximately $19.6m, excluding any transaction-related costs. Castor bought the...

https://splash247.com/castor-tanker-spinoff-toro-flips-veteran-aframax-for-19-6m-profit/

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