
Company Overview - OceanPal Inc. is a global shipping company specializing in the ownership and operation of dry bulk vessels and product tankers [3] - The company is engaged in the seaborne transportation of bulk commodities such as iron ore, coal, grain, and refined petroleum products [3] - OceanPal's fleet primarily operates on time charter trips with short to medium duration and spot charters, focusing on maximizing long-term shareholder value [3] Recent Developments - OceanPal has taken delivery of the m/t Zeze Start, a 2009-built tanker vessel with a carrying capacity of 49,999 dwt, marking its first tanker acquisition [1] - The acquisition reflects the company's strategy to diversify its fleet and capitalize on opportunities in the product tanker sector [1] - Following the sale of the m/v Baltimore, OceanPal's fleet will consist of 4 dry bulk vessels (1 Capesize and 3 Panamax) and an MR2 tanker vessel [2]