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Shipping Firm OceanPal Adds AI Arm With $120M PIPE Deal, Eyes 10% of NEAR Supply

OceanPal Inc. (OP), a shipping company best known for transporting dry bulk and petroleum products, said it plans to pivot into artificial intelligence infrastructure by building confidential AI cloud services on the Near Protocol blockchain. The Athens-based company said it closed a $120 million private investment in public equity (PIPE) deal to launch SovereignAI, a wholly owned subsidiary. SovereignAI will serve as a public-market vehicle for exposure to NEAR, a blockchain platform designed for AI appl ...