- OceanPal Inc. shares were up 44% to $7.51, following a 47% surge in their Nasdaq debut on Tuesday.
- Diana Shipping Inc. spun off OceanPal, a holding company for three older dry bulk vessels.
- It is in a plan to enhance shareholder value by providing greater exposure to the shorter-term charter market.
A recent news article published in the Market Watch states that OceanPal Surges Again in Second Trading Day, Rising 44% to $7.51.
Details of Diana Shipping
Stockholders of Diana Shipping received one OceanPal share for every 10 shares of Diana Shipping held on the Nov. 3 record date.
Diana Shipping shares were recently down 6% to $3.95.
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Source: Market Watch
