Welcome to our dedicated page for OceanPal news (Ticker: $OP), a resource for investors and traders seeking the latest updates and insights on OceanPal stock.
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OceanPal Inc. has announced a time charter contract with Richland Bulk for its Capesize dry bulk vessel, the m/v Baltimore, at a gross charter rate of US$22,000 per day. The charter is expected to generate US$2.64 million in gross revenue until November 2024. Additionally, OceanPal Inc. will sell the vessel 'Baltimore' to a third party for US$18.25 million by November 20, 2024, expanding its fleet to 4 dry bulk vessels.