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OceanPal Sells Remaining Fleet to Sezali, Linked to Paliou

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Sig3.65Sen+0.75Env0.00Soc0.00Gov-1.70

OceanPal said it sold its entire interest in shipowning subsidiary OP Vessel Holdco to Sezali Inc, an affiliate of Semiramis Paliou, ending the shipping operations of a business spun off less than five years ago. The transaction included Panamax bulk carriers Calipso and Melia, MR2 tanker Zeze Start, and OceanPal’s stake in RFSea Infrastructure II involving two methanol-ready tanker newbuildings, with Series C shares and $5 million in notes cancelled amid potential contingent liabilities.

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