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OceanPal Inc. Announces Time Charter Contract With Koch Shipping Pte. Ltd., Singapore For m/v Baltimore With Koch; Gross Charter Rate Is$13,300 Per Day Minus A 5% Commission Paid To Third Parties, For A Period Of Minimum 5-8 Months

OceanPal Inc. (NASDAQ:OP) (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for its Capesize dry bulk vessel, the m/v Baltimore.

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