OceanPal Inc.

OceanPal Inc. is a global provider of shipping transportation services, specializing in the ownership and operation of dry bulk vessels and product tankers. Incorporated in the Republic of the Marshall Islands, the company maintains its principal executive offices in Palaio Faliro, Athens, Greece. OceanPal's strategic focus is on compounding long-term shareholder value through disciplined capital allocation across its dual business segments: maritime shipping and a digital asset treasury strategy.

The company's maritime division, as of April 2025, operates a fleet comprising three Panamax dry bulk vessels and one MR2 product tanker. These vessels are engaged in the seaborne transportation of essential commodities such as iron ore, coal, grain, and refined petroleum products across key global trade routes. OceanPal primarily employs its fleet on short- to medium-term time charters and spot charters. Complementing its shipping operations, OceanPal, through its wholly-owned subsidiary SovereignAI Services LLC, manages a digital asset treasury anchored in the NEAR Protocol blockchain, accumulating NEAR tokens and generating yield through institutional staking.

OceanPal Inc. is led by Co-CEOs Salvatore Ternullo and Robert Perri, with Vasiliki Plousaki serving as CFO. The company operates with a debt-free balance sheet, providing financial flexibility to navigate volatile markets. Recent corporate activities include a strategic pivot to integrate its traditional shipping business with its digital asset treasury, share buyback programs, and reverse stock splits, which contributed to regaining Nasdaq minimum bid price compliance in April 2026.