OceanPal (OP) GlobeNewswire·2025-01-21 14:04Company Overview - OceanPal Inc. is a global shipping company specializing in the ownership and operation of dry bulk vessels and product tankers, engaged in the seaborne transportation of bulk commodities such as iron ore, coal, grain, and refined petroleum products [3] - The company'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 Inc. has signed a Memorandum of Agreement to sell the 2005-built vessel "Salt Lake City" for a sale price of US$16.1 million before commissions, with delivery to the buyer by February 20, 2025 [1] - Following the completion of this sale, OceanPal's fleet will consist of 3 Panamax dry bulk vessels and an MR2 tanker vessel [2]