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MARKETS / NASDAQ / SVRN
NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

OceanPal Inc. SVRN

5 fiscal years on record · USD · FY2024 reported · SEC filings only
$934,000
$-17.9M
$-22.4M
In brief

What this company does

We are an independent provider of worldwide ocean-going transportation services. As of the date of this annual report, we own and operate three Panamax dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks with a total cargo carrying capacity of approximately 223,546 dwt and one MR2 product tanker vessel having a carrying capacity of 49,999 dwt. We are a global provider of shipping transportation services. We specialize in the ownership of vessels. Our vessels transport bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. The commercial and technical management, except for insurance services, of our dry bulk fleet is carried out by DWM, a 50/50 joint venture between Wilhelmsen Ship Management and Diana Shipping.

Written from the business description in OceanPal Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2025. Every sentence was checked against that document before publication.

Growth
USD 934,000.00
Revenue, FY2024 · full 5-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.9 · Net income -17.9
-8M-16M20192020202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1912 cents
lost on every revenue dollar
ROE
FY2024 · ROE -20.2%
-10%-20%20192020202220232024

Each USD of equity lost 20 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -22.4
-8M-16M20192020202220232024
Net buybacks $M Dividends $M
FY2022 · Dividends 3.1 · Net buybacks —
2M2022

Total assetsUSD 89.5M
EquityUSD 84.4M
CashUSD 7.2M
Current ratio2.77×

Equity funds 94% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20242023202220202019
Revenue $B0.00.00.0··
Operating income $B−0.0−0.0−0.0··
EBITDA $B−0.0−0.00.0··
Income tax $B·····
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.00.0
EPS, diluted $−2.64−3.83−17.18··
Dividend / sh $··10.00··
Payout %··−951··
ROE %−20.2−2.3−0.4··
Shares out B0.010.010.00··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 80 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNASDAQ
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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