Business
OceanPal Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023
ATHENS, Greece, Aug. 08, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of
About this update from Oceanpal Inc.
[{"type":"text","content":"ATHENS, Greece, Aug. 08, 2023 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today reported net income of $1.26 million and net income attributed to common stockholders of $483 thousand for the second quarter of 2023. Time charter revenues for the same period were $5.4 million. This compares to net income of $648 thousand and net income attributed to common stockholders of $157 thousand for the second quarter of 2022. Time charter revenues for the same period were $4.6 million. Net income for the six months ended June 30, 2023, amounted to $1.35 million and net income attributed to common stockholders amounted to $24 thousand. Time charter revenues for the same period were $9.3 million. This compares to net income for the six months ended June 30, 2022 of $1.1 million and net loss attributed to common stockholders of $277 thousand. Time charter revenues for the same period were $8.2 million. Fleet Employment Profile (As of August 4, 2023) OceanPal Inc.’s fleet is employed as follows: VesselSister Ships*Gross Rate (USD/Day)Com**CharterersDelivery Date to Charterers***Redelivery Date to Owners****Notes BUILTDWT 3 Panamax Bulk Carriers1PROTEFS A$7,0005.00%GUO LONG XIANG LIMITED18-Dec-2224-Jan-23 2004 73,630$11,6405.00%LOUIS DREYFUS COMPANY FREIGHT ASIA PTE LTD24-Jan-2330-May-231 $7,0005.00%REFINED SUCCESS LIMITED30-May-2329-Jul-23 $3,0005.00%CHINALAND SHIPPING PTE. LTD.01-Aug-2320-Aug-23 – 25-Aug-2322CALIPSO A$15,2505.00%Al Ghurair Resources International LLC03-Nov-2225-Jan-23 200573,691$8,0005.00%NORVIC SHIPPING ASIA PTE. LTD.26-Jan-2302-Mar-233 $11,0005.00%LIANYI SHIPPING LIMITED26-Mar-2326-Apr-23 $11,0005.00%CAMBRIAN BULK LIMITED26-Apr-2307-Jun-23 $6,2505.00%ORIENTAL PAL SHIPPING PTE., LTD07-Jun-2314-Jul-23 $6,3005.00%GUO LONG XIANG LIMITED14-Jul-2312-Aug-2343MELIA $6,3005.00%GUO LONG XIANG LIMITED10-Feb-2318-Mar-23 200576,225 $13,8005.00%TRANSPOWER MARINE PTE. LTD.18-Mar-2309-Apr-23 $14,0005.00%LOUIS DREYFUS COMPANY FREIGHT ASIA PTE LTD09-Apr-2312-Aug-234 2 Capesize Bulk Carriers4SALT LAKE CITY $10,0005.00%Oldendorff GmbH & Co. KG20-Dec-2226-Feb-23 2005171,810 $5,1005.00%RICHLAND BULK PTE. LTD.26-Feb-2324-Apr-23 $15,4005.00%PACBULK SHIPPING PTE. LTD.24-Apr-2326-Jul-2355BALTIMORE $12,9005.00%Enesel Bulk Logistics DMCC03-Nov-2207-Feb-23 2005177,2...