Streetbeat News

OceanPal Inc.

https://www.oceanpal.com

Industry

Marine Shipping

OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and 1 Capesize vessels. The company is based in Athens, Greece.

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OceanPal Inc. has announced its plan to acquire an MR2 tanker vessel for $27 million. This acquisition is expected to expand the company's fleet and enhance its operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:06 pm

OceanPal's 13D filing reveals that Eleftherios Papatrifon has reported a 5.42% stake in the company as of June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:37 pm

The article highlights the performance of 12 industrial stocks during Tuesday's after-market session. Notable gainers include Volato Group (AMEX:SOAR), 1847 Holdings (AMEX:EFSH), MingZhu Logistics Hldgs (NASDAQ:YGMZ), Aqua Metals (NASDAQ:AQMS), OceanPal (NASDAQ:OP), and Blade Air Mobility (NASDAQ:BLDE). On the losing side, Solidion Technology (NASDAQ:STI), Professional Diversity (NASDAQ:IPDN), Desktop Metal (NYSE:DM), Intelligent Living (NASDAQ:ILAG), Earlyworks Co (NASDAQ:ELWS), and Dragonfly Energy Hldgs (NASDAQ:DFLI) saw declines.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 8:31 pm

OceanPal (NASDAQ:OP) reported a significant improvement in its Q1 financial results, with a 54.9% reduction in losses per share and a 46.27% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:20 pm

The article highlights the performance of 12 industrial stocks during Tuesday's after-market session. Notable gainers include Simpple (SPPL), OceanPal (OP), Montana Technologies (AIRJ), FTAI Infrastructure (FIP), Astra Space (ASTR), and SolarMax Technology (SMXT). Significant losers include AERWINS Technologies (AWIN), Pineapple Energy (PEGY), Asure Software (ASUR), MingZhu Logistics Holdings (YGMZ), Applied UV (AUVI), and Nano Nuclear Energy (NNE).

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 8:31 pm

The article highlights the pre-market movements of 12 industrial stocks on Monday. Notable gainers include Mesa Air Group (MESA), iPower (IPW), and Staffing 360 Solutions (STAF), while significant losers include AERWINS Technologies (AWIN), WANG & LEE Group (WLGS), and New Horizon Aircraft (HOVR).

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 12:06 pm

OceanPal has entered into a support agreement with Sphinx Investment, an affiliate of George Economou. As part of the agreement, Sphinx Investment has terminated its proxy contest. Sphinx Investment owns approximately 14.1% of OceanPal's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:38 am

The article highlights the performance of 12 industrial stocks during Thursday's after-market session. Notable gainers include Pineapple Energy (PEGY), Greenwave Tech Solns (GWAV), and Azul (AZUL), while Exela Technologies (XELA) and CBAK Energy Tech (CBAT) were among the losers.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:31 pm

OceanPal Inc. (NASDAQ:OP) announced a new time charter contract for its Capesize dry bulk vessel, the m/v Baltimore, with Richland Bulk Pte. Ltd., at a rate of $22,000 per day until between September 15, 2024, and November 15, 2024. The current charter rate is $13,500 per day. Additionally, OceanPal Inc. has agreed to sell the m/v Baltimore for $18.25 million, with delivery by November 20, 2024. This sale will leave OceanPal with a fleet of 4 dry bulk vessels.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:25 pm

OceanPal reported a significant improvement in its Q4 earnings with a loss of $(0.42) per share, up from a loss of $(13.89) per share YoY. Sales also increased slightly to $5.81M from $5.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:24 pm

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