OP News and Press, OceanPal Inc. From 06/08/23

2023-06-08 18:30:23 ET Summary Company updates investors on proposed dry bulk carrier spin-off into a new Nasdaq-listed entity. Record and distribution date have been set for June 13 and June 21, respectively. As shares will trade with due bills following the record date, investor...

2023-06-07 08:36:20 ET Shipping company OceanPal ( NASDAQ: OP ) said on Wednesday that its board has authorized a 1-for-20 reverse stock split, effective opening of trading on June 8. The company's shareholders approved the reverse stock split at the May 3 annual meeting of st...

ATHENS, Greece, June 07, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company'...

2023-05-30 19:31:16 ET Summary Product tanker shipping rates remain elevated due to Russian sanctions. PXS now has a strong balance sheet due to windfall profits and gains from a recent ship sale. PXSAP offers a 2.6X covered 8.8% yield and trades at an 11% discount to par. ...

ATHENS, Greece, May 04, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on Ma...

2023-04-26 09:18:08 ET Summary After last month's spin-off from Castor Maritime, junior tanker operator Toro Corp. wasted no time pursuing its first capital raise. Surprisingly, the company has not followed the playbook of other recent shipping spin-offs like Imperial Petroleum or...

2023-04-25 09:53:43 ET OceanPal ( NASDAQ: OP ) appointed Vasiliki Plousaki as the new CFO and appointed Margarita Veniou as the company’s secretary in addition to her current position of Chief Corporate Development & Governance Officer, effective as of April 25, 202...

ATHENS, Greece, April 25, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has appointed Vasiliki Plousaki as the Company’s new Chief Financial Officer, and appoint...

2023-04-13 21:27:04 ET Summary Vafias family-controlled company proposed to spin off two handysize dry bulk carriers into a new Nasdaq-listed entity called "C3is Inc." Spin off represents a substantial one-time dividend for Imperial Petroleum's share- and warrantholders. Given...

ATHENS, Greece, April 12, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis...