OceanPal Inc.
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Salvatore Ternullo
- Full Time Employees
- 513
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- Address
- Pendelis 26 Palaio Faliro Athens AZ United States of America 175 64
- IPO Date
- Sep 1, 2021
- CIK
- 0001869467
- Website
- oceanpal.com
- Similar Companies
- Business
- OceanPal Inc. is a global provider of shipping transportation services specializing in the ownership, operation, and chartering of dry bulk vessels and product tankers. The company operates a fleet comprising three Panamax dry bulk carriers and one MR2 product tanker vessel, transporting major bulk commodities such as iron ore, coal, and grains, as well as minor bulks including steel products, cement, fertilizers, and refined petroleum products. OceanPal's fleet is primarily employed on time charter trips of short to medium duration and spot charters, providing ocean-going transportation services worldwide. The company is incorporated in 2021 and headquartered in Athens, Greece, with vessels owned through wholly-owned subsidiaries. Recent strategic developments include the acquisition of the MR2 tanker ZEZE START in July 2024, marking a strategic expansion into product tankers, and the establishment of a share repurchase program announced in December 2025 to leverage growth opportunities, particularly related to AI-cloud infrastructure investments. OceanPal reported a reduction in vessel numbers from five to three in the first half of 2025, reflecting ongoing fleet optimization and sales amid fluctuating market conditions. Despite financial challenges, including decreased time charter revenues and net losses in 2025, the company continues to focus on maximizing long-term shareholder value through operational efficiency and strategic asset management.
OceanPal Inc. Announces Results of 2026 Annual General Meeting of Shareholders
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Kimco Realty OP, LLC Announces Proposed Exchangeable Senior Notes Offering
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OceanPal Inc. Receives Nasdaq Notification Regarding Late Filing of Form 20-F
OceanPal Inc. Announces 2026 Annual General Meeting of Shareholders to be Held on June 16, 2026
OceanPal Inc. Regains Nasdaq Compliance
OceanPal Inc. Discloses Share Repurchases Under Existing Board-Authorized Program; Establishes 0.8x mNAV as a Target Repurchase Threshold
OceanPal Inc. Reports Financial Results for the Year Ended December 31, 2025, and Introduces 2026 Guidance
OceanPal Inc. Announces Reverse Stock Split to be Effective March 30, 2026
OceanPal Receives Nasdaq Staff Determination Regarding Minimum Bid Price Deficiency; Intends to Request Hearing Before Independent Panel
SVRN Appoints G-20 Group to Manage NEAR Treasury Yield Strategy
OceanPal Inc. Announces Engagement of CBIZ CPAs P.C. as New Independent Registered Public Accounting Firm
OceanPal Inc. Announces Final Results of Tender Offer for its Series D Preferred Stock
OceanPal Announces SovereignAI's Total Treasury Holdings Exceed $133 Million of NEAR;Ticker Symbol Change to SVRN
OceanPal Inc. Announces NASDAQ Ticker Change from "OP" to "SVRN"
OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure
OceanPal Inc. Announces Reverse Stock Split to Be Effective August 25, 2025
OceanPal Inc. Reports Financial Results for the Six Months Ended June 30, 2025
OceanPal Inc. Announces Closing of Upsized US$18.0 Million Public Offering