OceanPal (OP) Sells M/V Protefs

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Go back to OceanPal (OP) Sells M/V Protefs

OceanPal Inc. Announces the Sale of M/V Protefs

June 2, 2025 9:28 AM EDT

ATHENS, Greece, June 02, 2025 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the Company), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell the 2004-built dry bulk vessel Protefs to a third party, for a sale price of US$7 million before commissions with delivery to the buyer no later than June 17, 2025.

Upon completion of the aforementioned sale, OceanPal Inc.s fleet will consist of 2 Panamax dry bulk vessels and an MR2 tanker vessel. A... More