<SEC-DOCUMENT>0000919574-23-000721.txt : 20230206
<SEC-HEADER>0000919574-23-000721.hdr.sgml : 20230206
<ACCEPTANCE-DATETIME>20230206122153
ACCESSION NUMBER:		0000919574-23-000721
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230228
FILED AS OF DATE:		20230206
DATE AS OF CHANGE:		20230206

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:		23589427

	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>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d9939782_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>
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    <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>
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    <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>
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    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of February 2023</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-40930</div>
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    <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>
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    <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>
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    <div style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</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>
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    </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 February 6, 2023 of OceanPal Inc. (the "Company"), announcing
      that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for its Capesize dry bulk vessel, the m/v Baltimore.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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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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            <div style="font-family: 'Times New Roman',serif; font-weight: bold;">OCEANPAL INC.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="margin-left: 21.6pt; font-family: 'Times New Roman',serif;">(registrant)</div>
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            <div>&#160;</div>
            <div style="font-family: 'Times New Roman', serif;">Dated: February 6, 2023</div>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
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            <div style="font-family: 'Times New Roman', serif;"><u>/s/ </u><font style="color: #000000;"><u>Ioannis Zafirakis</u></font></div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Director, President, Interim Chief Financial Officer and Secretary</div>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Margarita Veniou</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Chief Corporate Development &amp; Governance Officer</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Telephone: +30-210-9485-360</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Email: <u>mveniou@oceanpal.com</u></div>
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          <td style="width: 42.42%; vertical-align: top;">&#160;</td>
          <td style="width: 57.58%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Website: <u>www.oceanpal.com</u></div>
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          <td style="width: 42.42%; vertical-align: top;">&#160;</td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Twitter: @OceanPal_Inc</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">
              <div style="font-family: 'Times New Roman',Times,serif;">For Immediate Release</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Edward Nebb</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Email: <u>enebb@optonline.net</u></div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OCEANPAL INC. ANNOUNCES TIME CHARTER CONTRACT</div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-weight: bold;">FOR M/V BALTIMORE WITH KOCH<br>
      </font><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">ATHENS, GREECE, February 6, 2023 &#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 entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for its Capesize dry bulk vessel, the m/v Baltimore. The gross charter rate is US$13,300 per day minus a 5% commission paid to
      third parties, for a period of minimum five (5) months to about eight (8) months. The charter is expected to commence on February 9, 2023. The m/v Baltimore is currently chartered to Enesel Bulk Logistics DMCC at a gross charter rate of US$12,900 per
      day, minus a 5% commission paid to third parties.</div>
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    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The &#8220;Baltimore&#8221; is a 177,243 dwt Capesize dry bulk vessel built in 2005.</div>
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    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The employment of &#8220;Baltimore&#8221; is anticipated to generate approximately US$2.0 million of gross revenue for the scheduled period of the time charter.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">OceanPal Inc.&#8217;s fleet currently consists of 4 dry bulk vessels (2 Capesize and 2 Panamax). As previously disclosed, the Company also expects to take delivery of one Panamax dry
      bulk vessel by the end of February 2023. 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>
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    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
    <div style="text-align: justify; margin-bottom: 12pt; 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 style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">Forward Looking Statements</div>
    <div style="text-align: justify; margin-bottom: 12pt; 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 style="text-align: justify; margin-bottom: 12pt; 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 style="text-align: justify; margin-bottom: 12pt; 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 style="text-align: justify; margin-bottom: 12pt; 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.&#160;</div>
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