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Segment information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment information [Abstract] |
Information about Company's Reportable Segments | The table below presents information about the Company’s reportable segments for the year ended December 31, 2024. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s consolidated financial statements. Segment results are evaluated based on income/(loss) from operations.
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | Dry Bulk segment |  |  | Tanker segment |  |  | Total |  |  | Dry Bulk segment |  |  | Dry Bulk segment |
-Time charter revenues |  | $ | 24,768 |  |  | $ | - |  |  | $ | 24,768 |  |  | $ | 18,957 |  |  | $ | 19,085 |
-Voyage charter revenues |  |  | - |  |  |  | 934 |  |  |  | 934 |  |  |  | - |  |  |  | - |
Vessel revenues, net |  | $ | 24,768 |  |  | $ | 934 |  |  | $ | 25,702 |  |  | $ | 18,957 |  |  | $ | 19,085 |
Voyage expenses |  |  | 3,104 |  |  |  | 606 |  |  |  | 3,710 |  |  |  | 1,940 |  |  |  | 3,680 |
Vessel operating expenses |  |  | 10,961 |  |  |  | 1,525 |  |  |  | 12,486 |  |  |  | 10,421 |  |  |  | 6,880 |
Management fees |  |  | 1,139 |  |  |  | 84 |  |  |  | 1,223 |  |  |  | 1,116 |  |  |  | 758 |
Impairment loss |  |  | 2,394 |  |  |  | 3,728 |  |  |  | 6,122 |  |  |  | - |  |  |  | - |
Loss on sale of vessel |  |  | 7 |  |  |  | - |  |  |  | 7 |  |  |  | - |  |  |  | - |
General and administrative expenses |  |  | 8 |  |  |  | 1 |  |  |  | 9 |  |  |  | 7 |  |  |  | 5 |
Depreciation and amortization of deferred charges |  |  | 6,368 |  |  |  | 830 |  |  |  | 7,198 |  |  |  | 7,670 |  |  |  | 4,896 |
Other operating (income)/loss |  |  | (81 | ) |  |  | - |  |  |  | (81 | ) |  |  | 125 |  |  |  | - |
Segments’ operating income/(loss) |  | $ | 868 |  |  | $ | (5,840 | ) |  | $ | (4,972 | ) |  | $ | (2,322 | ) |  | $ | 2,866 |
Less: Unallocated general and administrative expenses (1) |  |  | - |  |  |  | - |  |  |  | (6,203 | ) |  |  | (5,274 | ) |  |  | (3,078 | )
Less: Unallocated management fees (1) |  |  | - |  |  |  | - |  |  |  | (120 | ) |  |  | (120 | ) |  |  | (120 | )
Less: Unallocated support agreement costs (1) |  |  | - |  |  |  | - |  |  |  | (6,750 | ) |  |  | - |  |  |  | - |
Less: Unallocated other operating (loss)/gain (1) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6 | ) |  |  | 6 |
Total consolidated operating loss |  |  |  |  |  |  |  |  |  | $ | (18,045 | ) |  | $ | (7,722 | ) |  | $ | (326 | )
(1) | Refers to general and administrative expenses, support agreement costs, management fees and other operating loss of the parent company, OceanPal Inc.
Reconciliation of Total Segment Assets to Total Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets of December 31, 2024, and December 31, 2023, is as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
Dry bulk segment |  | $ | 53,205 |  |  | $ | 78,480 |
Tanker segment |  |  | 26,873 |  |  |  | - |
Cash and cash equivalents (1) |  |  | 6,284 |  |  |  | 14,584 |
Equity method investment (1) |  |  | 2,970 |  |  |  | 1,645 |
Prepaid expenses and other current assets, net (1) |  |  | 130 |  |  |  | 136 |
Total consolidated assets |  | $ | 89,462 |  |  | $ | 94,845 |
(1) | Refers to the assets of the parent company, OceanPal Inc.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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