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Athens, Greece - April 9, 2025 OceanPal Inc. (NASDAQ: OP) (the "Company"), a global shipping company specializing in the ownership of vessels, today reported vessel revenues of $5.8 million, a net loss of $8.2 million and net loss attributed to common stockholders of $8.8 million for the fourth quarter of 2024. This compares to vessel revenues of $5.8 million, a net income of $58 thousand and net loss attributed to common stockholders of $2.8 million for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported vessel revenues of $25.7 million, a net loss of $17.9 million and net loss attributed to common stockholders of $19.7 million. This compares to vessel revenues of $19.0 million, a net loss of $2.0 million and net loss attributed to common stockholders of $6.7 million for the year ended December 31, 2023 Full report About the Company OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. The Company is engaged in the seaborne transportation of bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. OceanPal's fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic focus on maximizing long-term shareholder value. OceanPal Inc. press release 
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