OceanPal's Acquisition of MR2 Tanker Vessel - Important Details Revealed

Tuesday, 16 July 2024, 13:25

OceanPal has officially announced the agreement to acquire the MR2 tanker vessel, m/t Zeze Star, for a total consideration of $27.0 million in cash and stock. The delivery of the vessel is anticipated to take place in the third quarter of 2024. This strategic move is set to enhance OceanPal's fleet and strengthen its position in the maritime industry, marking a significant development for the company.

Seeking Alpha — OceanPal's Acquisition of MR2 Tanker Vessel - Important Details Revealed

OceanPal's Acquisition of MR2 Tanker Vessel

OceanPal has revealed its agreement to acquire the MR2 tanker vessel, m/t Zeze Star, for a total consideration of $27.0 million in cash and stock.

Delivery Timing

The delivery of the vessel is anticipated to occur in the third quarter of 2024, reinforcing OceanPal's presence in the maritime sector.

Strategic Importance

This move is expected to bolster OceanPal's fleet and solidify its standing within the industry, representing a noteworthy advancement for the company.

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