Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa

LIMASSOL, Cyprus, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) an international energy transportation services company, announces that on November 16, 2023, the Company completed the previously announced sale of the M/T Wonder Formosa, a 2006-built Handysize tanker, at a price of $18.0 million, by delivering the vessel to its new owner. The Company expects to record a net gain on the above-mentioned sale of approximately $9.0 million, excluding any transaction-related costs, during the fourth quarter of 2023.

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