OceanPal offloads capesize bulker for $16.1m

Greece-based Nasdaq listed shipowner OceanPal Inc. through a separate wholly-owned subsidiary has signed a memorandum of agreement to sell to a third party its capesize bulk carrier.

The shipowner and operator of dry bulk vessels and product tankers sold to an undisclosed third party the Salt Lake City, a 2005-built vessel built by Daewoo Shipbuilding and Marine Engineering Co. Ltd, with delivery to the buyer latest by February 20.

The company didn’t disclose the name of the buyer but mentioned the sale price which is US$16.1m before commissions.

After the sale of the capesize bulk carrier, the company’s fleet will consist of three panamax dry bulk vessels and an MR2 tanker vessel.

OceanPal’s fleet is primarily employed on time charter