ATHENS, Greece, July 22, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced the closing of its upsized public offering of 10,975,600 units at a public offering price of US$1.64 per unit. Each unit consists of one common share and one warrant to purchase one common share. Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, were approximately US$18.0 million. Ma ...

Core Viewpoint - OceanPal Inc. has signed a Memorandum of Agreement to sell the dry bulk vessel "Protefs" for a price of US$7 million, with delivery scheduled by June 17, 2025 [1] Company Overview - OceanPal Inc. is a global provider of shipping transportation services, focusing on the ownership and operation of dry bulk vessels and product tankers [3] - The company engages in the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products [3] - OceanPal's fleet primarily operates on time charter trips with short to medium duration and spot charters, aiming to maximize long-term shareholder value [3] Fleet Composition - Following the sale of "Protefs," OceanPal's fleet will consist of 2 Panamax dry bulk vessels and 1 MR2 tanker vessel [2]

Company Overview - TEN Ltd. is a leading diversified crude, product, and LNG tanker operator, with a fleet consisting of 82 vessels, including various types of tankers and carriers, totaling 10.1 million deadweight tons (dwt) [6]. Earnings Announcement - TEN will report its earnings for the first quarter ended March 31, 2025, prior to the market opening in New York on June 17, 2025 [1]. - A conference call will be held on the same day at 10:00 a.m. Eastern Time to review the results and management's outlook for the business [2]. Conference Call Details - Participants are encouraged to dial in 10 minutes before the scheduled time using the provided US toll-free and international dial-in numbers [3]. - An alternative "call me" option is available for participants to join the conference call more quickly [4]. - A live and archived webcast of the conference call, along with accompanying slides, will be available on the company's website [5].