Toro announces that on January 8, 2024, the Company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Sirius, a 2005-built Aframax/LR2 tanker, for a price of $33.8 million. The vessel is expected to be delivered to its new owner during the first quarter of 2024. The Company expects to record during the first quarter of 2024 a net gain of approximately $20.9 million from the above-mentioned sale, excluding any transaction-related costs.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TORO:
- Toro Corp. Announces the Sale of the M/T Wonder Sirius for $33.8 Million with an Expected Net Gain of $20.9 Million
- Toro Corp. Announces the Completion of the Sale of the M/T Wonder Vega
- Toro Corp. completes sale of M/T Wonder Vega
- Toro (NYSE:TTC) Skyrockets on Strong Q4 Print
- Toro Corp. Announces the Completion of the Sale of the M/T Wonder Formosa
Questions or Comments about the article? Write to editor@tipranks.com