The stock of OceanPal Inc (OP) closed the regular trading session at $0.625, gaining 13.66% from the previous trading session. On the last check, the stock of OP remained bullish in the after-market, gaining 14.4% to $0.715. OP stock kept moving between $0.53 and $0.69. The company declared the agreement for m/v Calipso. OP also filed for form 6-K with the SEC on 2 March 2022.

OceanPal Inc. is a worldwide supplier of ocean-going transportation administrations. The firm’s vessels at present covey a bunch of dry mass cargoes. This includes products such as iron metal, coal, grain, and different materials along overall delivery paths. Currently, OceanPal Inc (OP) has a fleet of 2 Panamax carriers that include 1 protef and 6 calipso. Also, the company has a capsize carrier which includes one in Salt Lake City. OP has a market capitalization of $5.51 million with 8.82 million shares pending. The company has its headquarter in Athens, Greece.

OP News

On 2 March 2022, the firm declared to have entered a time contract for m/v Calipso, with another shipping company, Tongli Shipping. m/v Calipso is a Panamax dry vessel of Tongli Shipping. The total agreement charge is $24,500 each day. The mediator will get a 5% portion, for a time of 90 days. The contract will begin on March 9, 2022. The m/v Calipso is at present leased, at a gross contract charge of $17,850 each day, and a 5% commission paid to the mediator. The utilization of Calipso will produce roughly $2.21 million of total income for the booked time of the contract.

It is anticipated that the OP’s vessels will be fundamentally utilized for a brief time and expedition sanctions following the finishing of their current jobs.

Also, OP will hold a conference call for its investors on 31 March 2022.