OceanPal Inc. Announces New Short Term Contract for m/v Calipso

Athens, Greece - December 3, 2021

OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, it has entered into a time charter trip contract for its Panamax dry bulk vessel, the m/v Calipso, at a gross charter rate of US$18,750 per day, for about fifteen (15) to twenty (20) days.

The m/v Calipso is currently chartered at a gross charter rate of US$10,400 per day.

The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005.

OceanPal Inc.’s fleet currently consists of 3 dry bulk vessels (1 Capesize and 2 Panamax).

A table describing the current OceanPal Inc. fleet can be found on the Company’s website, www.oceanpal.com. Information contained on the Company’s website does not constitute a part of this press release.

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.


M/V Calipso.   Image by OceanPal Inc.

OceanPal Inc. press release