OP NASDAQ
 
8/8/2023

OceanPal Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023


ATHENS, GREECE, August 8, 2023 – OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $1.26 million and net income attributed to common stockholders of $483 thousand for the second quarter of 2023. Time charter revenues for the same period were $5.4 million. This compares to net income of $648 thousand and net income attributed to common stockholders of $157 thousand for the second quarter of 2022. Time charter revenues for the same period were $4.6 million.


Net income for the six months ended June 30, 2023, amounted to $1.35 million and net income attributed to common stockholders amounted to $24 thousand. Time charter revenues for the same period were $9.3 million. This compares to net income for the six months ended June 30, 2022 of $1.1 million and net loss attributed to common stockholders of $277 thousand. Time charter revenues for the same period were $8.2 million. 

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