OceanPal Inc (OP) has released an update.
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OceanPal Inc., a global shipping company, has announced the signing of a lucrative time charter contract for the Capesize dry bulk vessel m/v Baltimore with Richland Bulk Pte. Ltd. at a daily rate of $22,000, expected to generate $2.64 million in gross revenue. In parallel, the company revealed plans to sell the same vessel for $18.25 million by November 2024, which upon completion will leave OceanPal with a fleet of four dry bulk vessels.
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