Toro Corp. Announces Proposed Spin-Off of its LPG Carrier Business

Toro Corp. Announces Proposed Spin-Off of its LPG Carrier Business

LIMASSOL, Cyprus, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro,” or the “Company”), a global

Panagiotidis reshuffles fleet again with Toro LPG spin-off

Petros Panagiotidis is returning to the spin-off playbook, with Toro Corp moving to carve out its remaining two LPG carriers into another Nasdaq-listed vehicle and leave itself with a tanker-only fleet. The Cyprus-based owner plans to spin off the 2015-built, 5,000 cu m Dream Arrax and Dream Vermax into AI OKTO Corp, along with $45m …