OceanPal Announces Time Charter Contract for m/v Calipso

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OceanPal, a global shipping company specializing in the ownership of vessels, announced that, it has entered into a time charter contract with Tongli Shipping Pte. Ltd. for its Panamax dry bulk vessel, the m/v Calipso.

The gross charter rate is US$24,500 per day minus a 5% commission paid to third parties, for a period of minimum ninety (90) days up to maximum August 5, 2022. The charter is expected to commence on March 9, 2022. The m/v Calipso is currently chartered, as previously announced, at a gross charter rate of US$17,850 per day, minus a 5% commission paid to third parties.

The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005.

The employment of “Calipso” is anticipated to generate approximately US$2.21 million of gross revenue for the minimum scheduled period of the time charter.

OceanPal Inc.’s fleet currently consists of 3 dry bulk vessels (1 Capesize and 2 Panamax).