OceanPal Enters Time Charter Contract For Calipso Vessel

  • OceanPal Inc OP has entered into a time charter contract with Crystal Sea Shipping Co., Limited for its Panamax dry bulk vessel, the m/v Calipso.
  • The gross charter rate is $22,500 per day for about three months up to a maximum of July 10, 2022. The charter is expected to commence on February 13, 2022.
  • The 2005-built Calipso vessel is currently chartered at a gross charter rate of $13,850 per day.
  • The company expects the employment to generate ~$1.69 million of gross revenue for the minimum scheduled period.
  • Price Action: OP shares are trading higher 16.3% at $0.50 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!