OceanPal Inc. Sells Dry Bulk Vessel ‘Protefs’

OceanPal Inc ( (OP) ) has shared an update.

On June 2, 2025, OceanPal Inc. announced the sale of its 2004-built dry bulk vessel ‘Protefs’ for $7 million, with delivery to the buyer expected by June 17, 2025. This sale will reduce OceanPal’s fleet to two Panamax dry bulk vessels and one MR2 tanker, potentially impacting its operational capacity and market positioning.

Spark’s Take on OP Stock

According to Spark, TipRanks’ AI Analyst, OP is a Neutral.

OceanPal Inc’s stock score is low primarily due to significant financial challenges, including negative profitability and cash flow issues. The stable debt-free balance sheet is a positive, but technical indicators and valuation metrics provide little support for upward momentum.

To see Spark’s full report on OP stock, click here.

More about OceanPal Inc

OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. The company focuses on the seaborne transportation of bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products. OceanPal’s fleet is primarily employed on time charter trips with short to medium duration and spot charters, with a strategic aim to maximize long-term shareholder value.

Average Trading Volume: 18,741

Technical Sentiment Signal: Sell

Current Market Cap: $5.55M

See more insights into OP stock on TipRanks’ Stock Analysis page.