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Annual · values202420232022202120202019
Operating Cash Flow-3.53 M USD815000 USD1.51 M USD3.18 M USD-2.72 M USD1.44 M USD
Depreciation & Amortization7.20 M USD7.67 M USD4.90 M USD2.19 M USD2.15 M USD2.48 M USD
Stock-Based Compensation
Capital Expenditures18.91 M USD4.37 M USD5.09 M USD23850 USD1.47 M USD0 USD
Cash Flow from Investing-2.52 M USD-6.01 M USD-5.09 M USD-23850 USD-1.47 M USD0 USD
Cash Flow from Financing-1.64 M USD11.58 M USD10.36 M USD-3.20 M USD4.24 M USD-1.50 M USD
Dividends Paid3.10 M USD
Stock Buybacks
Free Cash Flow-22.44 M USD-3.55 M USD-3.58 M USD3.16 M USD-4.20 M USD1.44 M USD

OceanPal Inc. is a global provider of ocean-going shipping transportation services, specializing in the ownership and operation of vessels. The company operates a fleet comprising Panamax dry bulk carriers and an MR2 product tanker vessel, transporting major bulks such as iron ore, coal, and grains, as well as minor bulks including steel products, cement, and fertilizers. Its Dry Bulk segment forms the core of its activities, with vessels managed through separate wholly-owned subsidiaries to optimize operational efficiency. OceanPal Inc. partners with trusted entities like Diana Wilhelmsen Management Limited and Anglo-Eastern Shipmanagement for technical oversight, ensuring high standards of safety and maintenance, while Steamship Shipbroking Enterprises Inc. and Sea Transportation Inc. handle commercial and administrative services. Incorporated in 2021 and based in Athens, Greece, OceanPal Inc. plays a vital role in the marine shipping industry, supporting global commodity trade through reliable chartering and transportation solutions.