OceanPal

OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. It also specialize in the ownership of vessels. It transports iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on April 15, 2021 and is headquartered in Athens, Greece.

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OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. It also specializes in the ownership of vessels. The firm transports iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on April 15, 2021 and is headquartered in Athens, Greece.

OceanPal Inc (NASDAQ: OP) has entered into a time charter contract with Crystal Sea Shipping Co., Limited for its Panamax dry bulk vessel, the m/v Calipso. The gross charter rate is $22,500 per day for about three months up to a maximum of July 10, 2022.

OceanPal Enters Time Charter Contract For Calipso Vessel

The stock price of OceanPal Inc (NASDAQ: OP) fell by over 45% pre-market today. This is why it happened.

OceanPal Stock (OP): Why The Price Substantially Went Down Today

ATHENS, Greece, Jan. 21, 2022 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today the pricing of an underwritten public offering consisting of 15,571,429 units at a price of US$0.77 per unit, each unit consisting of one share of common stock (or one pre-funded warrant in lieu of one share of common stock) and one Class A warrant to purchase one share of common stock, which will immediately separate upon issuance. In addition, certain selling stockholders affiliated with the Company are selling 628,571 shares of common stock. Each share of common stock sold by a selling stockholder will be sold with one Class A warrant to purchase one share of common stock. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately US$11,990,000. The Company intends to use the net proceeds of the offering for general corporate purposes, including for the potential future acquisition of vessels. The Company will not receive any of the gross proceeds from the sale of shares of common stock by the selling shareholders.

OceanPal Inc. Announces Pricing of Approximately US$12.5 Million Underwritten Public Offering

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Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The answer is important: It affects how attractive a shipping stock is to investors, and in the case of extreme rate troughs, it affects the chances a public company can avoid restructuring or insolvency.

Shipping on Wall Street: Is it better to be a pure play or jack of all trades?

OceanPal Inc (NASDAQ: OP) entered into a time charter trip contract for its Panamax dry bulk vessel, the m/v Calipso, a 73,691 dwt vessel built in 2005, at a gross charter rate of $18,750 per day, for about 15-20 days. The m/v Calipso is currently chartered at a gross charter rate of $10,400 per day.

Oceanpal Enters New Short Term Contract For M/V Calipso Vessel

OceanPal Inc. OP, +1.53% said Friday that it contracted out its dry bulk vessel, m/v Calipso, at a daily rate that is 80% higher than current rates. OceanPal's stock, which started trading on the Nasdaq on Nov. 30 after the Greece-based company's spinoff from Diana Shipping Inc. DSX, -1.04% was completed, dropped 14.4% in morning trading; after closing at $5.22 on Tuesday, it rose 25.3% on Wednesday then fell 16.7% on Thursday.

OceanPal contracts dry bulk ship at daily rate that is 80% above current rate

ATHENS, Greece, Dec. 03, 2021 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, it has entered into a time charter trip contract for its Panamax dry bulk vessel, the m/v Calipso, at a gross charter rate of US$18,750 per day, for about fifteen (15) to twenty (20) days. The m/v Calipso is currently chartered at a gross charter rate of US$10,400 per day.

OceanPal Inc. Announces New Short Term Contract for m/v Calipso

OceanPal (OP) stock is riding higher Wednesday on the wave of its public debut yesterday after a spinoff from Diana Shipping (DSX)! The post OP Stock: 13 Things for OceanPal Investors to Know About the Diana Shipping Spinoff as Shares Soar appeared first on InvestorPlace.

OP Stock: 13 Things for OceanPal Investors to Know About the Diana Shipping Spinoff as Shares Soar

ATHENS, Greece, Nov. 30, 2021 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has completed its spin-off from Diana Shipping Inc., effective November 29, 2021. The Company's shares will commence trading as of today, November 30, 2021, on the Nasdaq Capital Market under the ticker symbol “OP”.

OceanPal Inc. Announces Commencement of Trading on the Nasdaq Capital Market

News for OceanPal Stock (OP)