OceanPal Inc.: Q1 2024 Revenue Up, Net Loss Widens

OceanPal Inc (OP) has released an update.

OceanPal Inc., a global shipping company, reported increased time charter revenues of $5.7 million but a net loss of $1.3 million for Q1 2024, contrasting with a modest net income last year. Despite higher revenues, the net loss attributed to common stockholders widened to $1.7 million from $472 thousand in the same period of the previous year. The company has disclosed these figures in its latest financial results, marking a period of fluctuating financial performance.

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