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Athens, Greece - March 2, 2022
The gross charter rate is US$24,500 per day minus a 5% commission paid to third parties, for a period of minimum ninety (90) days up to maximum August 5, 2022. The charter is expected to commence on March 9, 2022. The m/v Calipso is currently chartered, as previously announced, at a gross charter rate of US$17,850 per day, minus a 5% commission paid to third parties. The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005. The employment of “Calipso” is anticipated to generate approximately US$2.21 million of gross revenue for the minimum scheduled period of the time charter. 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 
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