Amendment No. 16 to Schedule 13D for OceanPal Inc.

This Amendment No. 16 to the Schedule 13D for OceanPal Inc. reports a decrease in the percentage ownership of Shares that Eleftherios Papatrifon, the Reporting Person, may be deemed to beneficially own through his ownership of the Issuer's Series C Preferred Stock and Series D Preferred Stock. The decrease is due to a change in the conversion price of these preferred stocks. The Reporting Person owns 1,214 shares of Series C Preferred Stock and 915 shares of Series D Preferred Stock, which are convertible into common shares of OceanPal Inc. The Reporting Person has sole voting power over 1,644,777 Shares, representing 19.72% of the Issuer's outstanding Shares. The filing also details the Reporting Person's investment purposes and potential influence over the Issuer's corporate activities.