OceanPal (OP) Sells M/V Salt Lake City

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OceanPal Inc. Announces the Sale of M/V Salt Lake City

January 21, 2025 9:04 AM EST

ATHENS, Greece, Jan. 21, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the Company), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell to a third party, the 2005-built vessel Salt Lake City, with delivery to the buyer latest by February 20, 2025, for a sale price of US$16.1 million before commissions.

Upon completion of the aforementioned sale, OceanPal Inc.s fleet will consist of 3 Panamax dry bulk vessels and an MR2 tanker vessel. A... More