<SEC-DOCUMENT>0000919574-22-005643.txt : 20220922
<SEC-HEADER>0000919574-22-005643.hdr.sgml : 20220922
<ACCEPTANCE-DATETIME>20220922171341
ACCESSION NUMBER:		0000919574-22-005643
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220930
FILED AS OF DATE:		20220922
DATE AS OF CHANGE:		20220922

FILER:

	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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40930
		FILM NUMBER:		221260036

	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
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>d9766889_6-k.htm
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of September 2022</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-40930</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Pendelis 26, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
      holders.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
      foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which
      the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
      subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated September 21, 2022 of OceanPal Inc. (the "Company"), announcing
      that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Baltimore, a 2005 built Capesize dry bulk vessel of 177,243 dwt that the Company entered into an agreement to purchase in June 2022.</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;"><br>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
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    <div style="font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC.</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="font-family: 'Times New Roman', serif;">Dated: September 22, 2022</div>
          </td>
          <td colspan="2" style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 43.91%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;"><u>/s/ </u><font style="color: #000000;"><u>Eleftherios Papatrifon</u></font></div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Eleftherios Papatrifon</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Chief Executive Officer</div>
          </td>
        </tr>

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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
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          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Margarita Veniou</div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">Chief Corporate Development &amp; Governance Officer</div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Telephone: +30-210-9485-360</div>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>mveniou@oceanpal.com</u></font></div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.oceanpal.com</u></font></div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="text-align: justify; font-family: 'Times New Roman', serif;">Twitter: <font style="color: #0000FF;"><u>@OceanPal_Inc</u></font></div>
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          <td style="width: 52.09%; vertical-align: top;">&#160;</td>
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          <td style="width: 47.91%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">For Immediate Release</div>
          </td>
          <td style="width: 52.09%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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            <div style="font-family: 'Times New Roman', serif;">Edward Nebb</div>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
          </td>
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          <td style="width: 47.91%; vertical-align: top;">&#160;</td>
          <td style="width: 52.09%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
          </td>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC. ANNOUNCES DELIVERY OF THE</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CAPESIZE DRY BULK VESSEL M/V BALTIMORE AND</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-weight: bold; color: #000000;">TIME CHARTER CONTRACT WITH HYUNDAI GLOVIS<br>
      </font><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">ATHENS, GREECE, September 21, 2022 &#8211; OceanPal Inc. (NASDAQ: OP) (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of vessels, today announced that, through a
      separate wholly-owned subsidiary, it has taken delivery of the m/v Baltimore, a 2005 built Capesize dry bulk vessel of 177,243 dwt that the Company entered into an agreement to purchase in June 2022.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Glovis Co. Ltd, for m/v Baltimore, for a trip of
      about thirty-five (35) days with agreed gross charter rate of US$15,000 per day, minus a 5% commission paid to third parties. In the event that the trip duration exceeds forty (40) days, the gross charter rate will be US$18,000 per day, minus a 5%
      commission paid to third parties, for each additional day. The charter commenced earlier today.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">The employment of &#8220;Baltimore&#8221; is anticipated to generate approximately US$600,000 of gross revenue for the scheduled period of the time charter.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">OceanPal Inc.&#8217;s fleet currently consists of 4 dry bulk vessels (2 Capesize and 2 Panamax). A table describing the current OceanPal Inc. fleet can be found on the Company&#8217;s website,
      www.oceanpal.com. Information contained on the Company&#8217;s website does not constitute a part of this press release.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">OceanPal Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company&#8217;s vessels currently transport a range of dry bulk cargoes,
      including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes and it is expected that the Company&#8217;s vessels will be primarily employed on short term time and voyage charters following the completion of their
      current employments.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Forward Looking Statements</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for
      forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and
      underlying assumptions and other statements.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection
      with this safe harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify forward-looking statements.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation,
      Company management&#8217;s examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these
      assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve or accomplish these expectations,
      beliefs or projections.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those discussed in the forward-looking
      statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses&#8217; and governments&#8217; responses to the pandemic on our operations, personnel, and on the demand for seaborne
      transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company&#8217;s
      operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities,
      potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping
      routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Company&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and
      uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.</div>
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