On October 8, 2026, Toro Corp. completed the pro rata distribution of all outstanding common shares of its newly independent subsidiary, AI OKTO CORP., effectively spinning off its LPG carrier segment. Shareholders received one AI OKTO share for every eight Toro common shares held as of the October 1 record date. The transaction involved $45.0 million in cash and settlement of liabilities between Toro and AI OKTO. Following this separation, Toro’s business will comprise two reportable segments: Eco tanker and Non-Eco tanker. Additionally, Toro acquired two MR tanker vessels, M/T Wonder Alasia for $45.9 million and M/T Wonder Atria for $37.5 million, in September 2026 to expand its fleet of four tankers engaged in worldwide transportation of refined petroleum products.
Toro Corp. is an independent shipping company that acquires, owns, charters, and operates oceangoing tanker vessels.
