Toro Expands Energy Fleet with $83.4 Million Tanker Acquisition

Toro has committed $83.4 million to bolster its shipping capacity, securing two medium-range tanker vessels from independent sellers. The energy transportation firm aims to integrate these ships into its existing global fleet, which handles the distribution of refined petroleum and petrochemical gasses across international markets.

Today, 16:48· Money Talk· 1,094 reads

Toro Expands Energy Fleet with $83.4 Million Tanker Acquisition

The company completed its first purchase in mid-September, taking delivery of the M/T Wonder Alasia. This 2018 Japanese-built vessel represents the larger share of the investment, commanding a price of $45.9 million.

To complement this addition, Toro acquired a 2014 Korean-built tanker for $37.5 million. Currently slated for a rebranding as the M/T Wonder Atria, this vessel features integrated scrubber technology to meet modern environmental standards. Both ships were sourced from unaffiliated third parties, marking a targeted expansion of Toro’s operational assets.

Toro Expands Energy Fleet with $83.4 Million Tanker Acquisition

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