OceanPal Inc. (OP) shares were rising 10.75% to trade at $0.61 in after-hours at the last check. OceanPal (OP) stock gained 5.75% to close Thursday’s session at $0.55. The stock volume remained 3.33 million shares, which was higher than the average daily volume of 1.24 million shares within the past 50 days.
OP shares have moved up by 17.00% over the past week, but they have lost -91.59% over the past three months. Further, the company has a current market of $4.85 million and its outstanding shares stood at 8.82 million. OP stock is surging after signing a time charter contract.
For which vessel does OceanPal have marked the contract?
OceanPal (OP) is a worldwide supplier of delivery transportation administrations through its responsibility. Over powered’s vessels presently transport a scope of dry mass cargoes, including such wares as iron metal, coal, grain, and different materials along with overall transportation courses. It is normal that the Company’s vessels will be basically utilized on transient time and journey contracts following the consummation of their present jobs.
OceanPal (OP) on Wednesday reported that it has gone into a time charter contract with Tongli Shipping Pte. Ltd. for its Panamax dry mass vessel, the m/v Calipso.
- The gross contract rate is US$24,500 each day less a 5% commission paid to outsiders, for a time of least ninety (90) days up to greatest August 5, 2022.
- The contract is relied upon to start on March 9, 2022.
- The m/v Calipso is right now sanctioned, as recently reported, at a gross contract pace of US$17,850 each day, short a 5% commission paid to outsiders.
- The “Calipso” is a 73,691 dwt Panamax dry mass vessel worked in 2005.
- The work of “Calipso” is expected to create roughly US$2.21 million of gross income for the base booked time of the time contract.
- OceanPal’s armada right now comprises 3 dry mass vessels including a Capesize and two Panamax vessels.
OP’s first annual meeting
OceanPal (OP) as of late reported that it will hold its first yearly gathering of investors (the “Yearly Meeting”) at 8:00 a.m. Eastern Standard Time on March 31, 2022. The Annual Meeting will be held in a virtual organization. All OP investors of record as of February 17, 2022, who wish to go to may do as such by adhering to the guidelines remembered for the Notice of Annual Meeting of Shareholders and going with intermediary articulation.
