OceanPal (NASDAQ:OP) Inc is a global shipping company specializing in the ownership and operation of crude oil and product tankers. Incorporated in the Marshall Islands and listed on the NASDAQ under the symbol OP, the company traces its origins back to its former identity as Decade Co. Ltd. OceanPal’s fleet includes a mix of modern double-hulled vessels designed for safe and efficient transportation of petroleum and refined products across major international trade routes.
The company’s core activities revolve around chartering its vessels under both time charter and voyage charter arrangements. By partnering with leading charterers in the energy sector, OceanPal secures steady employment for its tankers, serving key markets in Asia, Europe, the Americas, and West Africa. The fleet’s diversity in size and specification enables the company to meet a wide range of cargo requirements, from long-haul crude shipments to regional refined product distribution.
Throughout its history, OceanPal has pursued a disciplined growth strategy, expanding its fleet through selective acquisitions and long-term charters. The company places a strong emphasis on technical management, safety compliance and environmental performance, adhering to international regulations such as MARPOL and ISM standards. Its vessels are managed by reputable third-party ship managers, ensuring high operational uptime and stringent maintenance practices.
OceanPal’s senior management team comprises industry veterans with decades of experience in maritime transportation, energy logistics and corporate governance. Guided by a board of directors with deep expertise in shipping markets, the company continues to focus on optimizing its fleet utilization, enhancing operational efficiency and pursuing value‐accretive opportunities in the global tanker sector.
