Toro Corp Doubles MR Tanker Fleet for $83.4M, Pushing Charter Rates
charter-ratesToro Corp has announced the acquisition of two MR (Medium Range) oil tankers for a total of $83.4 million, effectively doubling its fleet in the petroleum products sector. The purchase includes the M/T Wonder Alasia, built in Japan in 2018, and a second vessel from 2014 with scrubbers, both delivered in September 2026. This strategic move comes against a backdrop of growing demand in the petroleum transportation sector, with MR tanker charter rates increasing significantly due to delays and congestion in trans-Pacific routes.
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