Shares of OceanPal, Diana Shipping's newly listed spin-off of three older bulkers, skyrocketed on the first day of trading on the Nasdaq stock exchange in New York.
The Semiramis Paliou-led bulker owner in late October announced it would spin off three older vessels into a separately listed company called OceanPal.
OceanPal's shares, which began trading on the Nasdaq stock exchange on Tuesday under the ticker symbol OP, jumped 47% to close at $5.22
