Toro to become pure-play LPG carrier owner with tanker spin-off

Nasdaq-listed owner Toro has initiated a process of separating its tanker and LPG businesses. The spinoff of Cyprus-based Castor Maritime with one tanker and four gas carriers spinning off the 2006-built handysize products carrier Wonder Mimosa into a newly formed subsidiary Robin Energy. The company has applied for trading on Nasqad and Toro shareholders will …