<SEC-DOCUMENT>0000919574-23-000129.txt : 20230106
<SEC-HEADER>0000919574-23-000129.hdr.sgml : 20230106
<ACCEPTANCE-DATETIME>20230106162345
ACCESSION NUMBER:		0000919574-23-000129
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230106
DATE AS OF CHANGE:		20230106

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OceanPal Inc.
		CENTRAL INDEX KEY:			0001869467
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93136
		FILM NUMBER:		23515365

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
		BUSINESS PHONE:		30-210-9485-360

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-947-0100

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>d9879360_sc13-d.htm
<TEXT>
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    <div style="text-align: center; margin-top: 18pt;">UNITED STATES</div>
    <div style="text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">WASHINGTON, DC 20549</div>
    <div style="text-align: center;">SCHEDULE 13D</div>
    <div style="text-align: center;">THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center;">(Amendment No.&#160; &#160; &#160; &#160; )*</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za9ee764c82a54d14899ee53f08f28019">

        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">OceanPal Inc.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Name of Issuer)</div>
            <div style="text-align: center;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Common Stock, $0.01 par value per share</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Title of Class of Securities)</div>
            <div style="text-align: center;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Y6430L160</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(CUSIP Number)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
            <div style="text-align: center;">Attn:&#160; Mr. Ioannis Zafirakis</div>
            <div style="text-align: center;">Pendelis 26, 175 64 Palaio Faliro</div>
            <div style="text-align: center;">Athens, Greece</div>
            <div style="text-align: center;">+ 30-210-9485-360</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Name, Address and Telephone Number of Person Authorized to Receive</div>
            <div style="text-align: center;">Notices and Communications)</div>
            <div style="text-align: center;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">September 30, 2022</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Date of Event Which Requires Filing of this Statement)</div>
            <div style="text-align: center;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div>If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d&#8209;1(f) or 240.13d-1(g), check the
              following box [&#160; ].</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div>Note:&#160; Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.&#160; See &#167; 240.13d-7 for other parties to whom copies are to be sent.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18.26%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
          </td>
          <td style="width: 81.74%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div>*&#160;&#160; The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter
              disclosures provided in a prior cover page.</div>
            <div> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div>The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act
              but shall be subject to all other provisions of the Act (however, see the Notes).</div>
          </td>
        </tr>

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    <div style="margin-top: 10pt;"><br>
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        <tr>
          <td colspan="2" style="width: 15.19%; vertical-align: top;">
            <div>CUSIP No.</div>
          </td>
          <td style="width: 37.1%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>Y6430L160</div>
          </td>
          <td style="width: 37.1%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="3" style="width: 10.6%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>1.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>NAME OF REPORTING PERSONS</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>Diana Shipping Inc.</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="6" style="width: 91.86%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>2.</div>
          </td>
          <td colspan="6" style="width: 91.86%; vertical-align: top;">
            <div>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>(a)</div>
          </td>
          <td style="width: 5.28%; vertical-align: bottom;">
            <div>[_]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>(b)</div>
          </td>
          <td style="width: 5.28%; vertical-align: top;">
            <div>[x]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>3.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>SEC USE ONLY</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>4.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>SOURCE OF FUNDS</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>WC</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.28%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>5.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
          </td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.28%; vertical-align: bottom;">
            <div>[_]</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>6.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>Republic of the Marshall Islands</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" colspan="7" style="width: 100%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="7" style="width: 100%; vertical-align: top;">
            <div>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>7.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>SOLE VOTING POWER</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
            <div>4,990,158</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>8.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>SHARED VOTING POWER</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>-0-</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="6" style="width: 91.86%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>9.</div>
          </td>
          <td colspan="6" style="width: 91.86%; vertical-align: top;">
            <div>SOLE DISPOSITIVE POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="6" style="width: 91.86%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>4,990,158</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.28%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>10.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>-0-</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>11.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
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        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
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        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>4,990,158</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
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          <td style="width: 8.14%; vertical-align: top;">
            <div>12.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*</div>
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          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
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        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 5.28%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td style="width: 5.3%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 5.28%; vertical-align: bottom;">
            <div>[_]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>13.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>49%</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8.14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="4" style="width: 81.28%; vertical-align: top;">&#160;</td>
          <td rowspan="1" colspan="2" style="width: 10.58%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>14.</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>TYPE OF REPORTING PERSON</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.14%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td colspan="4" style="width: 81.28%; vertical-align: top;">
            <div>CO</div>
          </td>
          <td colspan="2" style="width: 10.58%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 15.2%; vertical-align: top;">
            <div style="font-weight: bold;">Item 1.</div>
          </td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="font-weight: bold;">Security and Issuer.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify;">This Schedule 13D relates to shares of common stock, par value $0.01 per share (the &#8220;Shares&#8221;), of OceanPal Inc. (the &#8220;Issuer&#8221;). The principal executive office and mailing address of the Issuer is Pendelis 26,
              175 64 Palaio Faliro, Athens, Greece.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">
            <div style="font-weight: bold;">Item 2.</div>
          </td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="font-weight: bold;">Identity and Background.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify;">This Schedule 13D is being filed on behalf of Diana Shipping Inc., a Marshall Islands corporation (&#8220;Diana Shipping&#8221;). Diana Shipping is referred to as the &#8220;Reporting Person.&#8221;&#160;</div>
            <div>&#160;</div>
            <div style="text-align: justify;">The principal business address for Reporting Person is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">The Reporting Person has not, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial
              or administrative body of competent jurisdiction and as a result of such proceeding were not and are not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal
              or state securities laws or finding any violations with respect to such laws.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">
            <div style="font-weight: bold;">Item 3.</div>
          </td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">Source and Amount of Funds or Other Consideration.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify;">In connection with a spin-off transaction, Diana Shipping acquired 10,000 of the Issuer&#8217;s Series C Convertible Preferred Shares (the &#8220;Series C Preferred Shares&#8221;), which in accordance with their terms have
              become convertible into an aggregate of 4,990,158 common shares of the Issuer at Diana Shipping&#8217;s option, giving effect to certain ownership restrictions contained in the Series C Preferred Shares&#8217; statement of designation, including that the
              Series C Preferred Shares shall not be convertible into the Issuers&#8217; common shares to the extent that such conversion would result in the Reporting Person becoming the beneficial owner of more than 49% of the total issued and outstanding
              common shares.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">
            <div style="font-weight: bold;">Item 4.</div>
          </td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">Purpose of Transaction.</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.2%; vertical-align: top;">
            <div style="text-align: justify;">The Reporting Person acquired the Series C Preferred Shares in connection with the spin-off transaction as described herein solely for investment purposes.&#160; The Reporting Person, at any time and from time to
              time, may acquire additional common shares or other securities of the Issuer, including in connection with the provision of any services or other strategic transactions with the Issuer, or dispose of any or all of the Series C Preferred Share
              or common shares into which Series C Preferred Shares may be converted, that it owns depending upon an ongoing evaluation of its investment in the Series C Preferred Shares, prevailing market conditions, other investment opportunities, other
              investment considerations and/or other factors.&#160; The Reporting Person further reserves the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should they determine to do so, and/or to
              recommend courses of action to the Issuer's management, the Issuer's Board of Directors, the Issuer's shareholders and others.</div>
            <div>&#160;</div>
          </td>
          <td style="width: 10.6%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
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    <div><br>
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        <tr>
          <td style="width: 15.05%; vertical-align: top;">
            <div style="font-weight: bold;">Item 5.</div>
          </td>
          <td style="width: 74.44%; vertical-align: top;">
            <div style="font-weight: bold;">Interest in Securities of the Issuer.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">
            <div style="text-align: justify;">(a. &amp; b.) As of January 5, 2023, the Issuer had 10,183,996 Shares outstanding.&#160; Based on the foregoing, the Reporting Person reports beneficial ownership of the following Shares:</div>
            <div>&#160;</div>
            <div style="text-align: justify;">Diana Shipping is the record holder of 10,000 Series C Preferred Shares convertible into an aggregate of 4,990,158 Shares as of the date hereof, representing 49% of the Issuer&#8217;s issued and outstanding Shares.&#160;
              The Reporting Person is not the direct owner of any Shares of the Issuer as of the date hereof.&#160; Diana Shipping has the sole power to vote or direct the vote of 4,990,158 Shares and has the shared power to vote or direct the vote of 0 Shares.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">(c.) Except as otherwise disclosed herein, no transactions in the Shares were effected by the Reporting Person during the past 60 days.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">(d.) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Person.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">(e.) Not applicable.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">
            <div style="font-weight: bold;">Item 6.</div>
          </td>
          <td style="width: 74.44%; vertical-align: top;">
            <div style="font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">
            <div style="text-align: justify;">The Reporting Person also owns 500,000 of additional preferred voting shares of the Issuer that convey the right to cast a number of votes for all matters on which shareholders of the Issuer may vote equal to
              up to 34% of the total number of votes entitled to be cast by the Issuer&#8217;s shareholders on such matter, provided that to the extent such voting power, together with any affiliate of the Reporting Person, would exceed 49% of the total number
              of votes that may be cast on any matter submitted to a vote of the Issuers&#8217; shareholders, the number of votes shall be automatically reduced so that the Reporting Person&#8217;s aggregate voting power, together with its affiliates, is not more than
              49%.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">
            <div style="font-weight: bold;">Item 7.</div>
          </td>
          <td style="width: 74.44%; vertical-align: top;">
            <div style="font-weight: bold;">Material to be Filed as Exhibits.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">
            <div>Not Applicable.</div>
          </td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 15.05%; vertical-align: top;">&#160;</td>
          <td style="width: 74.44%; vertical-align: top;">&#160;</td>
          <td style="width: 10.5%; vertical-align: top;">&#160;</td>
        </tr>

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    <div style="margin: 0px 0px 12pt; font-weight: bold; text-align: center;">SIGNATURE</div>
    <div style="margin: 0px 0px 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
  </div>
  <div>
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        <tr>
          <td style="width: 45%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">January 6, 2023<br>
            </div>
          </td>
          <td style="width: 15%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;">(Date)</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">
            <div>Diana Shipping Inc.</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td colspan="3" style="vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div>By:</div>
          </td>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
            <div>/s/ Ioannis Zafirakis</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div style="line-height: 11.4pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Ioannis Zafirakis</div>
          </td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" rowspan="1" colspan="2">Authorized Representative&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
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    <div><br>
    </div>
    <div><br>
    </div>
    <div>Attention:&#160; Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).</div>
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