Ambitious Cypriot owner Castor Maritime is plotting a spin-off of its tanker fleet after diversifying from bulkers last year.
The Nasdaq-listed owner of 28 ships went on a huge buying spree from 2020, adding dry cargo ships and then crude and product carriers.
Now directors want to split off its aframax, five LR2s and two handysizes into a new company, Toro Corp.
