Toro Sells M/T Wonder Musica Vessel For $28M
Portfolio Pulse from Nabaparna Bhattacharya
Toro Corp. (NASDAQ:TORO) has agreed to sell the M/T Wonder Musica crude oil tanker for $28 million, expecting a net gain of approximately $17 million. The company also completed the sales of M/T Wonder Bellatrix and M/T Wonder Polaris, expecting net gains of $20.5 million and $22.4 million, respectively.
June 27, 2023 | 4:11 pm
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Toro Corp. sells M/T Wonder Musica for $28M, expecting a $17M net gain. The company also completed sales of M/T Wonder Bellatrix and M/T Wonder Polaris, with expected gains of $20.5M and $22.4M.
The sale of the M/T Wonder Musica and the completion of the sales of M/T Wonder Bellatrix and M/T Wonder Polaris are expected to result in significant net gains for Toro Corp. This positive news has led to an increase in the company's stock price by 2.66%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100