OceanPal Inc.
Business
OceanPal Inc. is an independent holding company that owns and operates ocean-going vessels for seaborne transportation. It offers shipping services through ownership of Panamax dry bulk carriers and an MR2 product tanker that transport major bulks (iron ore, coal, grains), minor bulks and refined petroleum products, and participates in chartering activities. Its business is organized by vessel type/ownership with each ship held in a separate subsidiary and commercial and technical management outsourced to third-party and joint-venture managers. OceanPal serves regional and international customers via time charters, voyage charters and the spot market across global trade routes, using shipbrokers and charterers for employment and distribution.
Summary from filing dated 2025-04-15
Financials
Latest annual snapshot (FY2024, period end 2024-12-31). Full statement history unavailable for this entity.
| Revenue | $25.70M |
| Net income | $-17.86M |
| Total assets | $89.46M |
| Total liabilities | — |
| Stockholders' equity | $84.37M |
| Operating cash flow | $-3.53M |