Nasdaq-listed tanker and LPG owner Toro has concluded another lucrative asset play having offloaded a 2005-built aframax/LR2 at a net gain of nearly $21m.
The spinoff of Cyprus-based Castor Maritime has sold the Samsung-built Wonder Sirius, ex-Dubai Hope, to an unnamed buyer for $33.8m.
, ex-Dubai Hope, to an unnamed buyer for $33.8m.The Petros Panagiotidis-led firm said it expects to record a Q1 2024 profit of $20.9m from the sale of the 115,300 dwt vessel, Castor bought for around $13.6m in 2021.
Online pricing portal VesselsValue estimates the ship, which has been operating in Navig8’s pool for older aframaxes, as worth around $35m.
In September, Toro offloaded two ships for an aggregate price of $49.5m and a net gain of nearly $27m. Following the latest sale, the company will have one handysize tanker and four 5,000 cu m LPG carriers in its fleet.
