Benzinga | Dec 3, 2021 02:57PM EST

Oceanpal Enters New Short Term Contract For M/V Calipso Vessel

* OceanPal Inc (NASDAQ:OP) entered into a time charter trip contract for its Panamax dry bulk vessel, the m/v Calipso, a 73,691 dwt vessel built in 2005, at a gross charter rate of $18,750 per day, for about 15-20 days.

* The m/v Calipso is currently chartered at a gross charter rate of $10,400 per day.

* OceanPal Inc.'s fleet consists of 3 dry bulk vessels, 1 Capesize and 2 Panamax.

* The company recently commenced trading on the Nasdaq Capital Market following its spin-off from Diana Shipping Inc (NYSE:DSX).

* Price Action: OP shares traded lower by 23.7% at $4.16 on the last check Friday.