OceanPal Inc. (NASDAQ: OP), a global shipping company specializing in the ownership of vessels, on Tuesday (Jul 05) announced that it has entered into a time charter contract with ETG Commodities Ltd for its Panamax dry bulk vessel, the m/v Calipso.
The gross charter rate is US$19,600 per day minus a 5% commission paid to third parties, for a period of about ninety (90) days. The charter commenced on July 2, 2022.
The Calipso is a 73,691 dwt Panamax dry bulk vessel built in 2005.
The employment of “Calipso” is anticipated to generate approximately US$1.76 million of gross revenue for the scheduled period of the time charter.
OceanPal Inc.’s fleet currently consists of 3 dry bulk vessels (1 Capesize and 2 Panamax). As previously disclosed, the Company also expects to take delivery of one Capesize dry bulk vessel in the third quarter of 2022.