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Athens, Greece - November 29, 2022
Time charter revenues for the same period were $5.1 million. This compares to a net loss of $8 thousand and net loss attributed to common stockholders of $8 thousand for the third quarter of 2021. The Company's operations for the third quarter of 2021 consisted principally of organizational expenses. Net income for the nine months ended September 30, 2022 amounted to $2.2 million and net income attributed to common stockholders amounted to $216 thousand. Time charter revenues for the same period were $13.4 million. This compares to a net loss of $9 thousand and net loss attributed to common stockholders of $9 thousand for the period from inception (April 15, 2021) through September 30, 2021. The Company's operations for the period from inception (April 15, 2021) through September 30, 2021 consisted principally of organizational expenses. Full report About the Company OceanPal Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company's vessels currently transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes and it is expected that the Company's vessels will be primarily employed on short term time and voyage charters following the completion of their current employments. OceanPal Inc. press release 
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