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Shipping company OceanPal (NASDAQ:OP) signed a memorandum of agreement to acquire the capesize dry bulk vessel m/v Baltimore from Diana Shipping (DSX), a related party of the company, for $22.0M. The acquisition was approved by a committee of independent members of the OP's board. 2...
Through a separate wholly-owned subsidiary, OceanPal (NASDAQ:OP -2.5%) has signed a MOA to acquire the m/v Baltimore from Diana Shipping, a related party of the company, for an aggregate purchase price of $22M. Of the purchase price, 20% was paid in cash and the remai...
ATHENS, Greece, June 15, 2022 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement dated Jun...
Company continues to relentlessly dilute common shareholders in order to accomplish its aggressive fleet expansion targets. Since its spin-off from StealthGas seven months ago, outstanding common shares have increased by more than 3,500%, while NAV per share has decreased by more than...
OceanPal (NASDAQ:OP) entered into a time charter contract with Koch Shipping, Singapore for its Capesize dry bulk vessel, the m/v Salt Lake City. The gross charter rate is $29,750/day for a period of minimum four months up to maximum seven months; charter is expected to co...
ATHENS, Greece, June 06, 2022 (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 contract with Koch Shipping Pte. Ltd., Singapore for its C...
OceanPal press release (NASDAQ:OP): Q1 GAAP EPS of -$0.02. Revenue of $3.68M. For further details see: OceanPal GAAP EPS of -$0.02, revenue of $3.68M
OceanPal (NASDAQ:OP) declares $0.01/share quarterly dividend, -80% decrease from prior dividend of $0.05. Forward yield 6.15% Payable June 21; for shareholders of record June 14; ex-div June 13. See OP Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Ocea...
ATHENS, Greece, June 03, 2022 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $414 thousand and net loss attributed to common stockholders of $510 thousand for the ...
The company reported respectable first quarter results and declared a quarterly dividend of $0.025 per share. It repurchased another $10 million in potentially dilutive convertible notes. Prospects for the dry-bulk shipping industry remain solid based on very limited fleet growth ...
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ATHENS, Greece, July 16, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum o...
ATHENS, Greece, June 06, 2024 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported time charter revenues of $5.7 million, net loss of $1.3 million and net loss attributed to common stockhol...
ATHENS, Greece, May 17, 2024 (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...