OceanPal Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Melia, a 2005 built Panamax dry bulk vessel of 76,225 dwt that the Company entered into an agreement to purchase in early February 2023. OceanPal Inc.'s fleet currently consists of 5 dry bulk vessels (2 Capesize and 3 Panamax). A table describing the current OceanPal Inc. fleet can be found on the Company's website, www.oceanpal.com.

Information contained on the Company's website does not constitute a part of this press release.