SVRN, Inc. SVRN

Company Overview

OceanPal Inc. is a dry bulk shipping company operating within the global maritime transportation and shipping industry. The company’s core business is the ownership and operation of dry bulk vessels that transport commodities such as iron ore, coal, grain, and other bulk cargoes for industrial and energy-related end markets. Revenue is primarily generated through time charter and spot market charter agreements with international commodity producers, traders, and industrial customers.

OceanPal Inc. was incorporated in 2021 and became an independent public company following a spin-off from Diana Shipping Inc., a long-established dry bulk shipping owner and operator. The company was structured to operate as a standalone platform focused on fleet optimization and chartering strategy, leveraging industry relationships and operational expertise developed through its historical association with Diana Shipping. Its strategic positioning centers on disciplined fleet management and exposure to prevailing dry bulk freight market conditions.