OceanPal Sells Vessel "Salt Lake City"
Ticker: SVRN · Form: 6-K · Filed: Jan 21, 2025 · CIK: 1869467
| Field | Detail |
|---|---|
| Company | Oceanpal Inc. (SVRN) |
| Form Type | 6-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: vessel-sale, asset-disposal
TL;DR
OceanPal selling the 'Salt Lake City' vessel, filing incorporated into F-3.
AI Summary
OceanPal Inc. announced on January 21, 2025, that it has entered into a Memorandum of Agreement to sell its 2005-built vessel, "Salt Lake City," to an unrelated third party through a wholly-owned subsidiary. The filing incorporates this announcement by reference into the company's existing Form F-3 registration statements.
Why It Matters
The sale of a vessel can impact a shipping company's fleet size, revenue generation, and overall financial health, potentially affecting its stock price.
Risk Assessment
Risk Level: medium — The sale of a single vessel can have a material impact on a small shipping company's operations and financial performance.
Key Players & Entities
- OceanPal Inc. (company) — Registrant
- Salt Lake City (vessel) — Vessel being sold
- January 21, 2025 (date) — Date of announcement
- Form F-3 (document) — Registration statement
FAQ
What is the name of the vessel OceanPal Inc. is selling?
The vessel being sold is named "Salt Lake City."
When was the announcement of the vessel sale made?
The announcement was made on January 21, 2025.
To whom is OceanPal Inc. selling the vessel?
OceanPal Inc. is selling the vessel to an unrelated third party.
Through which subsidiary is the vessel being sold?
The vessel is being sold through a separate wholly-owned subsidiary.
What type of agreement was signed for the sale?
A Memorandum of Agreement was signed for the sale of the vessel.
Filing Stats: 233 words · 1 min read · ~1 pages · Grade level 10.9 · Accepted 2025-01-21 16:12:29
Filing Documents
- d11589577_6-k.htm (6-K) — 9KB
- d11589577_ex99-1.htm (EX-99.1) — 10KB
- 0000919574-25-000426.txt ( ) — 20KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. OCEANPAL INC. (registrant) Dated: January 21, 2025 By: /s/ Robert Perri Robert Perri Chief Executive Officer