OceanPal Inc. (OP) Stock Analysis
DELISTED 2025
What happened to OceanPal Inc. (OP) stock?
OceanPal Inc. (OP) no longer trades on public markets. It was delisted in November 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
OceanPal Inc. (OP) trades at $6.01. OceanPal Inc. operates in the ocean-going transportation services, owning and operating drybulk carriers. As of November 2021, the company's fleet consisted of three vessels, transporting major and minor bulks. Market cap: $187M, Sector: Industrials.
Last analyzed: Mar 16, 2026Analyst Coverage for OP: OP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates OP against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
OP: the 2 scored disciplines are evenly split. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
OceanPal Inc. (OP) Industrial Operations Profile
OceanPal Inc. provides ocean transportation services, focusing on drybulk carriers for major and minor bulks. With a small fleet of Panamax and Capesize vessels, the company navigates a competitive landscape in the marine shipping industry, facing challenges in profitability and market volatility.
What Is the Investment Thesis for OP?
Investing in OceanPal Inc. presents a high-risk, high-reward scenario. The company's small fleet size (3 vessels as of November 2021) makes it particularly vulnerable to fluctuations in charter rates and operational disruptions. With a negative P/E ratio of -0.01 and a negative profit margin of -62.9%, the company's financial performance raises concerns about its ability to generate sustainable profits. However, potential upside exists if the drybulk shipping market experiences a significant upswing, leading to higher charter rates and improved vessel utilization. The company's beta of 1.17 suggests that the stock is more volatile than the overall market, amplifying both potential gains and losses. Investors should closely monitor global trade trends, vessel supply dynamics, and OceanPal's ability to manage its operating costs to assess the viability of this investment.
Based on FMP financials and quantitative analysis
OP Key Highlights
Market Cap of $187M indicates a micro-cap company with limited liquidity and higher volatility.
- P/E Ratio of -0.01 reflects the company's current lack of profitability.
- Profit Margin of -62.9% highlights significant challenges in cost management and revenue generation.
- Gross Margin of 2.4% suggests limited pricing power and high operating costs.
- Beta of 1.17 indicates that the stock is more volatile than the market.
Who Are OP's Competitors?
OP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AEHL Antelope Enterprise Holdings Limited | $6.35 | +11.99% | $6.19M | 39 |
| CDTG CDT Environmental Technology Investment Holdings Limited ordinary shares | $1.83 | -39.20% | 40 | |
| FBGL FBS Global Limited Ordinary Shares | $0.40 | +2.69% | $5.41M | 37 |
| ESEAV Euroseas Ltd. Ex-Distribution When Issued | $27.85 | +7.12% | $195M | 51 |
| DSX Diana Shipping Inc. | $2.65 | +0.19% | $327M | 54 |
| KNOP KNOT Offshore Partners LP owns and | $10.51 | -0.85% | $354M | 54 |
| GASS StealthGas Inc. | $9.52 | -1.75% | $354M | 54 |
| SHIP Seanergy Maritime Holdings Corp. | $16.92 | +0.18% | $357M | 50 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are OP's Key Strengths?
Specialized in drybulk shipping.
- Fleet of Panamax and Capesize vessels.
- Established presence in the ocean transportation market.
What Are OP's Weaknesses?
Small fleet size limits economies of scale.
- High dependence on volatile charter rates.
- Negative profit margin indicates financial vulnerability.
What Could Drive OP Stock Higher?
OP catalyst: Potential increase in global trade volumes could drive higher demand for drybulk shipping and improve charter rates.
- Implementation of new environmental regulations may lead to vessel retirements and reduced fleet supply, supporting higher charter rates.
- Strategic partnerships with commodity traders could provide more stable charter contracts and improve vessel utilization.
What Are the Key Risks for OP?
Negative return on equity (-24.0%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Downturn in the global economy could reduce demand for drybulk shipping and negatively impact charter rates.
- Increased competition from larger shipping companies could put pressure on charter rates and reduce OceanPal's market share.
- Fluctuations in fuel prices can significantly impact operating costs and profitability.
- Geopolitical risks and trade disputes could disrupt trade flows and negatively affect the drybulk shipping market.
What Are the Growth Opportunities for OP?
- Fleet Expansion: OceanPal could pursue growth by expanding its fleet through acquisitions of additional drybulk vessels. The market for secondhand vessels can present opportunities to acquire ships at attractive prices, particularly during periods of market weakness. Successfully integrating new vessels into the fleet and securing profitable charters could significantly increase revenue and earnings. However, this strategy requires access to capital and careful management of debt levels.
- Strategic Partnerships: Forming strategic partnerships with larger shipping companies or commodity traders could provide OceanPal with access to more stable charter contracts and improved vessel utilization rates. These partnerships could also lead to cost-sharing opportunities and enhanced operational efficiency. Identifying and cultivating mutually beneficial relationships will be critical for success.
- Focus on Specific Cargoes: OceanPal could specialize in transporting specific types of drybulk cargoes, such as grains or fertilizers, where it can develop expertise and build strong relationships with shippers. By focusing on niche markets, the company may be able to achieve higher charter rates and reduce its exposure to broader market volatility. This strategy requires in-depth market research and a targeted sales approach.
- Operational Efficiency Improvements: Implementing measures to improve vessel fuel efficiency, reduce maintenance costs, and optimize voyage planning can enhance OceanPal's profitability and competitiveness. Investing in new technologies and training programs for crew members can contribute to these improvements. Continuous monitoring of key performance indicators and benchmarking against industry standards are essential.
- Geographic Expansion: Expanding its operational footprint to new geographic regions could provide OceanPal with access to new markets and customers. This could involve establishing relationships with ports and shippers in emerging economies or targeting specific trade routes with high growth potential. Thorough market analysis and careful consideration of local regulations are necessary for successful geographic expansion.
What Are OP's Competitive Advantages?
- Specialized Vessel Fleet: Owning a fleet of drybulk vessels provides a tangible asset base and capacity to serve specific shipping needs.
- Established Operations: Years of operation in the marine transportation sector have allowed the company to establish operational expertise.
- Industry Relationships: Relationships with commodity traders and shippers can provide a degree of stability in securing charter contracts.
What Does OP Do?
OceanPal Inc., based in Athens, Greece, is a provider of ocean-going transportation services. The company specializes in owning and operating drybulk carriers, which are essential for transporting a variety of commodities across the globe. These commodities include major bulks such as iron ore, coal, and grains, as well as minor bulks like bauxite, phosphate, and fertilizers. As of November 29, 2021, OceanPal's fleet comprised three vessels: two Panamax and one Capesize vessel. The company's operations are centered around chartering these vessels to transport goods based on prevailing market rates and demand. The drybulk shipping industry is highly cyclical, with rates influenced by global economic conditions, trade patterns, and the supply of vessels. OceanPal navigates this dynamic environment by focusing on efficient vessel management and strategic deployment to maximize revenue and profitability. The company's size and fleet composition reflect its position as a smaller player in the broader marine shipping market, competing with larger, more diversified shipping companies.
What Products and Services Does OP Offer?
- Owns and operates drybulk carrier vessels.
- Provides ocean-going transportation services.
- Transports major bulks like iron ore, coal, and grains.
- Transports minor bulks including bauxite, phosphate, and fertilizers.
- Charters vessels to transport goods based on market demand.
- Manages a fleet of Panamax and Capesize vessels.
How Does OP Make Money?
- Generates revenue by chartering its drybulk vessels to transport commodities.
- Revenue is dependent on prevailing charter rates in the drybulk shipping market.
- Profitability is influenced by vessel utilization, operating costs, and market conditions.
What Industry Does OP Operate In?
OceanPal Inc. operates within the marine shipping industry, a sector characterized by cyclical demand and intense competition. The drybulk shipping market, in particular, is heavily influenced by global trade flows, economic growth, and the supply of vessels. Companies like OceanPal face the challenge of navigating volatile charter rates and managing operating costs to maintain profitability. The industry is also subject to environmental regulations and geopolitical risks, which can further impact operational efficiency and financial performance. Competitors include larger, more diversified shipping companies with greater economies of scale and broader service offerings.
Who Are OP's Key Customers?
- Commodity traders
- Mining companies
- Agricultural companies
- Industrial companies
How OceanPal Inc. Is Valued
OceanPal Inc. carries a market capitalization of $187M, placing it in the micro-cap category.
Company Profile
OceanPal Inc. operates in the Marine Shipping industry within the Industrials sector. It is headquartered in Athens, GR. The company is led by CEO Salvatore Ternullo. OP has traded publicly since 2021.
Key Financial Metrics
Return on equity for OceanPal Inc. stands at -24.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -23.8%, showing how much profit it generates from its asset base. A current ratio of 7.05 indicates the company holds enough short-term assets to cover its near-term obligations.
Financial Health
OceanPal Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 12.93 places it in the safe zone, indicating low near-term bankruptcy risk.
OP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future prospects, indicating that executives believe in the growth potential of OceanPal.
- Community sentiment has shifted positively as discussions around the company's strategic partnerships have gained traction, highlighting potential for increased market share.
- The shipping industry is seeing a rebound, and OceanPal's positioning within this sector could capitalize on improving demand for maritime services.
- Positive news coverage around sustainable shipping practices aligns with OceanPal's initiatives, enhancing its reputation among environmentally conscious investors.
Bear Case
- Concerns over the volatility in global shipping rates have led to skepticism about OceanPal's ability to maintain profitability in the near term.
- Recent bearish sentiment in the community reflects worries about the company's debt levels, which could hinder growth if not managed effectively.
- Market perception remains cautious due to the overall economic uncertainty, which may impact investor confidence in OceanPal's long-term strategy.
- Increased competition in the shipping sector raises concerns about OceanPal's ability to differentiate itself and capture sufficient market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
OP Latest News
No recent news available for OP.
Classification
Industry Marine ShippingLeadership: Salvatore Ternullo
CEO
Salvatore Ternullo serves as the CEO of OceanPal Inc., overseeing the company's strategic direction and operational performance. His background includes extensive experience in the maritime industry, with a focus on vessel management, chartering, and commercial operations. Prior to joining OceanPal, Mr. Ternullo held leadership positions at various shipping companies, where he was responsible for optimizing fleet utilization and maximizing revenue generation. He holds a degree in Naval Architecture from a leading maritime academy.
Track Record: Under Mr. Ternullo's leadership, OceanPal has focused on maintaining a competitive fleet and navigating the challenges of the drybulk shipping market. Key initiatives have included implementing cost-saving measures, optimizing vessel deployment, and exploring opportunities for fleet expansion. While the company's financial performance has been impacted by market volatility, Mr. Ternullo has emphasized a disciplined approach to capital allocation and risk management.
What Investors Ask About OceanPal Inc. (OP) — Industrials
What happened to OceanPal Inc. (OP) stock?
OceanPal Inc. (OP) no longer trades on public markets. It was delisted in November 2025. The figures below are historical and are not a current quote.
Can I still buy OP shares?
No. OP stopped trading on public markets in November 2025, so the shares are not available through a broker. Anything you see quoted for OP elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before OP stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to OceanPal Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does OceanPal Inc. do?
OceanPal Inc. is a marine transportation company that owns and operates a fleet of drybulk vessels. These vessels are used to transport major bulks such as iron ore, coal, and grains, as well as minor bulks like bauxite, phosphate, and fertilizers.
What do analysts say about OP stock?
Analyst coverage of OceanPal Inc. (OP) is limited, reflecting its small market capitalization and relatively narrow focus within the marine shipping industry. Key valuation metrics, such as the P/E ratio (-0.01) and profit margin (-62.9%), suggest that the company faces significant challenges in achieving profitability.
What are the main risks for OP?
OceanPal Inc. faces several key risks, including the cyclical nature of the drybulk shipping market, which can lead to volatile charter rates and reduced demand for its services. The company's small fleet size makes it particularly vulnerable to these market fluctuations. Rising fuel costs and increasingly stringent environmental regulations can also negatively impact profitability.
How does OceanPal Inc. compare to competitors in its industry?
OceanPal Inc. operates in a highly competitive industry, facing competition from larger, more diversified shipping companies with greater economies of scale. Unlike competitors with extensive fleets and broader service offerings, OceanPal's smaller fleet size and focus on drybulk shipping limit its ability to compete on price and service breadth.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- AI analysis is pending and may provide further insights.