OP NASDAQ
 






 
 

Who We Are

OceanPal Inc. (NASDAQ: OP) is a global provider of shipping transportation services. We specialize in the ownership of vessels.

As of September 21, 2022 our fleet consists of 4 dry bulk vessels (2 Panamax and 2 Capesize).

Our fleet is managed by both Diana Wilhelmsen Management Limited and Steamship Shipbroking Enterprises Inc.

We believe that we possess a number of strengths that provide us with a competitive advantage in the dry bulk shipping industry:

We own a high quality fleet of dry bulk carriers. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters.

We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel.

We have an experienced management team. Our management team consists of experienced executives who have, on average, more than 20 years of operating experience in the shipping industry and has demonstrated ability in managing the commercial, technical and financial areas of our business.

We benefit from the relationship with Wilhelmsen Ship Management through Diana Wilhelmsen Management Limited.

We benefit from strong relationships with members of the shipping and financial industries.  We have developed strong relationships with major international charterers, shipbuilders and financial institutions that we believe are the result of the quality of our operations, the strength of our management team and our reputation for dependability.

We have a strong balance sheet and no current indebtedness. We believe  that our strong  balance  sheet and no current  indebtedness enable us to use  cash flow that would otherwise  be dedicated to debt service for fleet growth and other purposes.

 

Board of Directors/Committees

Our Board of Directors consists of 7 members and will be elected annually on a staggered basis.


 

The Fleet Overview

As of September 21, 2022 our fleet consists of four dry bulk carriers, of which two are Panamaxes and two are Capesize vessels.

Calipso
Calipso

Calipso

Protefs
Protefs

Protefs

Salt Lake City
Salt Lake City

Salt Lake City

tbd. Baltimore
tbd. Baltimore

Baltimore

 

Fleet Employment Table

Q3 2022 Fleet Employment (As of September 27, 2022)

Excel
 

Quote Overview

"OceanPal Inc. provides information about its matters to its stakeholders through regular announcements, financial reports and newsletters. The information is also posted on the Company΄s website."

 

 

Excel