OceanPal Inc. Becomes Strategic Partner In Two 6,600dwt Methanol-Ready Chemical Tanker Newbuildings
Portfolio Pulse from Happy Mohamed
OceanPal Inc. (NASDAQ:OP) has announced a strategic partnership with RFSea Infrastructure II AS to invest in the construction of two 6,600 dwt methanol-ready, stainless steel chemical tankers. The tankers, to be built at Wuhu Shipyard Co., Ltd. in China, are expected to be delivered in Q4 2025 and Q1 2026. The deal is subject to customary closing conditions. OceanPal is partnering with a private London-based investment firm and other partners. The new tankers are expected to be 20-25% more fuel efficient than conventional chemical tankers.
August 29, 2023 | 12:34 pm
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POSITIVE IMPACT
OceanPal's investment in methanol-ready chemical tankers could potentially improve its environmental footprint and position it favorably in a chemical tanker market expected to improve in the coming years.
OceanPal's investment in more fuel-efficient tankers aligns with global trends towards greener shipping solutions. This could potentially enhance its market position and attractiveness to environmentally conscious investors, leading to a positive impact on its stock price.
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IMPORTANCE 75
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