OceanPal Inc. Announces Agreement to Acquire an MR2 Tanker Vessel [Yahoo! Finance]
OceanPal Inc. (OP)
Company Research
Source: Yahoo! Finance
in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire an MR2 tanker vessel, the m/t Zeze Start (the “Vessel”), for an aggregate purchase price of $27.0 million from an entity controlled by a director of the Company. The transaction was unanimously approved by the Company's Board of Directors and reflects OceanPal's view that it is the right time to diversify the Company's fleet so as to take advantage of opportunities in the product tanker sector. Commenting on the transaction, Mr. Robert Perri, the Company's Chief Executive Officer, stated that, “The Board's decision to enter the product tanker space at this time marks an exciting development in the Company's corporate strategy to operate a diversified fleet amid continued optimism in the product tanker sector.” The Vessel is expected to be delivered to the Company during the third quarter of 2024. Of the purchase price, $18.9 million will
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News
- Oceanpal Inc. Announces Delivery of the MR2 Tanker Vessel Zeze StartGlobeNewswire
- OceanPal Second Quarter 2024 Earnings: US$1.16 loss per share (vs US$0.28 profit in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- OceanPal Inc. Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2024GlobeNewswire
- OceanPal Inc. Announces Agreement to Acquire an MR2 Tanker VesselGlobeNewswire
OP
Sec Filings
- 9/18/24 - Form SC
- 9/9/24 - Form 6-K
- 9/5/24 - Form 6-K
- OP's page on the SEC website