ATHENS,
GREECE, April 9, 2025 – OceanPal Inc. (NASDAQ: OP) (the “Company”), a global
shipping company specializing in the ownership of vessels, today reported
vessel revenues of $5.8 million, a net loss of $8.2 million and net loss
attributed to common stockholders of $8.8 million for the fourth quarter of
2024. This compares to vessel revenues of $5.8 million, a net income of $58
thousand and net loss attributed to common stockholders of $2.8 million for the
fourth quarter of 2023.
For the year ended December 31, 2024, the Company
reported vessel revenues of $25.7 million, a net loss of $17.9 million and net
loss attributed to common stockholders of $19.7 million. This compares to
vessel revenues of $19.0 million, a net loss of $2.0 million and net loss
attributed to common stockholders of $6.7 million for the year ended December
31, 2023…
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