OceanPal Inc. Announces Commencement of Trading on the Nasdaq Capital Market

Athens, Greece - November 30, 2021

OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has completed its spin-off from Diana Shipping Inc., effective November 29, 2021.

The Company’s shares will commence trading as of today, November 30, 2021, on the Nasdaq Capital Market under the ticker symbol “OP”.

Additional information about the Company and the spin-off transaction can be found in the Company’s registration statement filed pursuant to the Securities Exchange Act of 1934 on Form 20-F, which is available at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to consummation of the spin-off transaction.

About the Company
OceanPal Inc. is a global provider of shipping transportation services through its ownership of vessels.

The Company’s vessels currently transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes and it is expected that the Company’s vessels will be primarily employed on short term time and voyage charters following the completion of their current employments.

OceanPal Inc. press release