Petros Panagiotidis firms up second LPG swap between Toro and Robin

Toro Corp has struck another related-party deal, selling one of its LPG carriers to an affiliate of chairman Petros Panagiotidis for $20m. The Nasdaq-listed owner is offloading the 2020-built, 4,700 cu m Dream Terrax to a subsidiary of Robin Energy, another Panagiotidis-controlled Nasdaq-listed vehicle. The sale, reviewed and cleared by independent directors on both companies’ …

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