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 9, 2024, our fleet consists of 5 dry bulk vessels (3 Panamax and 2 Capesize), as well as 1 MR2 tanker vessel.

Our fleet benefits from the expertise of trusted partners. Technical management is handled by Diana Wilhelmsen Management Limited and Anglo-Eastern Shipmanagement (Singapore) Pte Ltd, ensuring the highest standards of safety and efficiency. For commercial and administrative services, we rely on the extensive experience of Steamship Shipbroking Enterprises Inc. and Sea Transportation Inc. Additionally, our relationship with Wilhelmsen Ship Management, through Diana Wilhelmsen Management Limited, strengthens our operational capabilities.

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

We own a high quality fleet of dry bulk carriers and an MR2 tanker. 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 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

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


Management Team


 

The Fleet Overview

As of September 9, 2024 our fleet consists of five dry bulk carriers, of which three are Panamaxes and two are Capesize vessels and an MR2 tanker vessel. 

Zeze Start
Zeze Start

Zeze Start

Calipso
Calipso

Calipso

Protefs
Protefs

Protefs

Melia
Melia

Melia

Salt Lake City
Salt Lake City

Salt Lake City

tbd. Baltimore
tbd. Baltimore

Baltimore

 

Fleet Employment Table

Q4 2024 Fleet Employment (As of October 7 2024)

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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."



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