OceanPal Inc (OP) has released an update.
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OceanPal Inc., a global shipping company, has reported a significant downturn in its financial performance for the second quarter and the first half of 2024, with a net loss of $8.2 million and $9.5 million, respectively. This is a stark contrast to the net gains reported in the same periods of the previous year. The company’s time charter revenues rose to $6.7 million for the quarter and $12.4 million for the half-year, despite the overall losses.
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