OceanPal Inc.

corporate_fare Company Profile

OceanPal Inc.

SVRN·NASDAQ·Energy & Transportation·CIK 0001869467

The company is a global provider of shipping transportation services, specializing in vessel ownership. Each vessel is owned through a separate wholly owned subsidiary. As of the date of this annual report, the operating fleet consists of three Panamax dry bulk carriers with a combined carrying capacity of 223,546 dwt and a weighted average age of 20.3 years, and one MR2 product tanker vessel with a carrying capacity of 49,999 dwt and an age of 16.1 years. The vessels transport bulk commodities such as iron ore, coal, and grain, as well as refined petroleum products. As of April 11, 2025, the fleet includes the following: - Three Panamax Bulk Carriers: - PROTEFS, built in 2004 with 73,630 dwt. It had charters with TONGLI SHIPPING PTE. LTD. (December 13, 2024 - January 6, 2025 at $4,150/day, 5.00% commission; April 8, 2025 - April 26, 2025 at $8,500/day, 5.00% commission), PASSSPARTOUT SHIPPING LIMITED (January 30, 2025 - February 15, 2025 at $4,250/day, 5.00% commission), and FULLINKS MARINE COMPANY LIMITED (February 15, 2025 - March 16, 2025 at $3,200/day, 5.00% commission), and ITG SHIPPING PTE. LTD. (March 16, 2025 - April 8, 2025 at $6,250/day, 5.00% commission). - CALIPSO, built in 2005 with 73,691 dwt. It had charters with ASL BULK SHIPPING LIMITED (September 3, 2024 - January 8, 2025 at $10,150/day, 5.00% commission), CARGILL INTERNATIONAL S.A. (January 8, 2025 - March 19, 2025 at $2,850/day, 4.75% commission), and FULLINKS MARINE COMPANY LIMITED (March 19, 2025 - April 12, 2025 at $9,000/day, 5.00% commission). - MELIA, built in 2005 with 76,225 dwt. It had a charter with CHINA RESOURCE CHARTERING LIMITED (January 9, 2025 - May 25, 2025 at $7,100/day, 5.00% commission). - One Capesize Bulk Carrier: - SALT LAKE CITY, built in 2005 with 171,810 dwt. It had a charter with DEYESION SHIPPING & TRADING COMPANY LIMITED (December 19, 2024 - January 30, 2025 at $6,000/day, 5.00% commission). - One MR2 Tanker: - ZEZE START, built in 2009 with 49,999 dwt. It operates on a Spot basis with VITOL INTERNATIONAL SHIPPING PTE LTD and had a charter with ABU DHABI MARINE INTERNATIONALCHARTERING HOLDINGS LIMITED (February 16, 2025 - May 17, 2025 at $16,750/day, 1.25% commission).

OceanPal Inc. (NASDAQ:SVRN) is a publicly traded company in the Energy & Transportation sector. Wiseek monitors SVRN SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

Nasdaq Issues Delinquency Notice to OceanPal for Late 20-F Filing (2026-05-22)
OceanPal Delays Annual 20-F Filing Due to 'Ongoing Accounting Matters' (2026-05-15)
Shareholders to Vote on Rebranding to SVRN, Inc. Amidst Strategic Pivot (2026-05-13)
OceanPal Regains Nasdaq Compliance, Securing Listing Status and Removing Delisting Threat (2026-04-16)
OceanPal Discloses $2.7M Share Buyback, Establishes 0.8x mNAV Target for Future Repurchases (2026-04-09)

Financial Snapshot

Fiscal year ended December 31, 2024

Revenue

25.7M

Net Income

-17.86M

Diluted EPS

-2.64

Op. Cash Flow

-3.53M

Free Cash Flow

-22.44M

Operating Income

-18.05M

Cash & Equivalents

7.16M

Debt / Equity

0.00×

Net Margin

-69.5%

Shares Outstanding

7.5M sh

Source: 20-F · filed 2025-04-15 · accession 0001140361-25-014004

Insider Transactions

SVRN files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

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Filing Type

Date Range

SVRN

May 22, 2026, 4:15 PM EDT

Source: PR Newswire

Importance Score:

Nasdaq Issues Delinquency Notice to OceanPal for Late 20-F Filing

Price at Filing: $12.10

Real-time Price: $10.30

Change: -$1.80 (-15%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

May 15, 2026, 4:05 PM EDT

Filing Type: 6-K

Importance Score:

OceanPal Delays Annual 20-F Filing Due to 'Ongoing Accounting Matters'

Price at Filing: $5.84

Real-time Price: $10.30

Change: +$4.46 (+76%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

May 13, 2026, 4:47 PM EDT

Filing Type: 6-K

Importance Score:

Shareholders to Vote on Rebranding to SVRN, Inc. Amidst Strategic Pivot

Price at Filing: $6.90

Real-time Price: $10.30

Change: +$3.40 (+49%)

Market Cap: $18.571M

Sentiment: Neutral

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SVRN

Apr 16, 2026, 4:34 PM EDT

Filing Type: 6-K

Importance Score:

OceanPal Regains Nasdaq Compliance, Securing Listing Status and Removing Delisting Threat

Price at Filing: $10.00

Real-time Price: $10.30

Change: +$0.3003 (+3%)

Market Cap: $18.571M

Sentiment: Positive

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SVRN

Apr 09, 2026, 4:56 PM EDT

Filing Type: 6-K

Importance Score:

OceanPal Discloses $2.7M Share Buyback, Establishes 0.8x mNAV Target for Future Repurchases

Price at Filing: $10.56

Real-time Price: $10.30

Change: -$0.260 (-2%)

Market Cap: $18.571M

Sentiment: Positive

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SVRN

Mar 27, 2026, 4:06 PM EDT

Filing Type: 6-K

Importance Score:

Chief Corporate Development & Governance Officer Resigns Amidst Company Challenges

Price at Filing: $0.3548

Real-time Price: $10.30

Change: +$9.95 (+2,803%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

Mar 26, 2026, 8:36 AM EDT

Filing Type: 6-K

Importance Score:

OceanPal Inc. Announces 1-for-20 Reverse Stock Split to Regain Nasdaq Compliance

Price at Filing: $0.1494

Real-time Price: $10.30

Change: +$10.15 (+6,794%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

Mar 26, 2026, 8:26 AM EDT

Filing Type: 6-K

Importance Score:

OceanPal Reports Significant 2025 Net Loss Amidst Strategic Shift; Initiates Dilutive ATM Sales Alongside Share Buyback

Price at Filing: $0.1494

Real-time Price: $10.30

Change: +$10.15 (+6,794%)

Market Cap: $18.571M

Sentiment: Neutral

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SVRN

Mar 26, 2026, 8:15 AM EDT

Source: Dow Jones Newswires

Importance Score:

OceanPal to Implement Reverse Stock Split March 30 to Regain Nasdaq Compliance

Price at Filing: $0.1549

Real-time Price: $10.30

Change: +$10.15 (+6,549%)

Market Cap: $18.571M

Sentiment: Neutral

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SVRN

Mar 13, 2026, 5:28 PM EDT

Filing Type: 6-K

Importance Score:

Nasdaq Issues Delisting Determination for OceanPal Inc. Due to Bid Price Non-Compliance After Failed Reverse Split

Price at Filing: $0.350

Real-time Price: $10.30

Change: +$9.95 (+2,843%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

Feb 27, 2026, 4:17 PM EST

Filing Type: 6-K

Importance Score:

Director Ioannis Zafirakis Resigns; Digital Assets Expert Peter Marton Appointed to Board

Price at Filing: $0.401

Real-time Price: $10.30

Change: +$9.90 (+2,469%)

Market Cap: $18.571M

Sentiment: Neutral

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SVRN

Feb 12, 2026, 12:04 PM EST

Filing Type: SCHEDULE 13D/A

Importance Score:

Blackdragon Ventures' 10.4% Stake Transferred to Tamara Polosukhina for Estate Planning

Price at Filing: $0.570

Real-time Price: $10.30

Change: +$9.73 (+1,707%)

Market Cap: $18.571M

Sentiment: Neutral

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SVRN

Jan 26, 2026, 4:45 PM EST

Filing Type: SCHEDULE 13D/A

Importance Score:

Former Chairperson Semiramis Paliou Reduces Stake, Citing Loss of Influence

Price at Filing: $1.09

Real-time Price: $10.30

Change: +$9.21 (+845%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

Jan 26, 2026, 4:43 PM EST

Filing Type: SCHEDULE 13D/A

Importance Score:

Director Ioannis Zafirakis Reports Decrease in Beneficial Ownership to 7.52%

Price at Filing: $1.08

Real-time Price: $10.30

Change: +$9.22 (+854%)

Market Cap: $18.571M

Sentiment: Negative

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SVRN

Jan 13, 2026, 9:27 AM EST

Filing Type: SC TO-I/A

Importance Score:

OceanPal Completes $26.9M Tender Offer for Preferred Stock, Representing Substantial Capital Outlay

Price at Filing: $1.21

Real-time Price: $10.30

Change: +$9.09 (+751%)

Market Cap: $18.571M

Sentiment: Negative

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