US-based operator International Shipholding Corporation (ISH) has offloaded two dry bulk vessels and reached an agreement to sell its interests in two chemical tankers and two asphalt tankers.
In a strategic plan update, the company said that it completed the sale of a handysize on January 5 and a capsize on January 11. Once the sale of its minority interest in the tankers are complete, ISH said it would have reduced its outstanding debt to around $124m by the end of January.
ISH has been divesting from dry bulk of late to access equity, and in December sold a pair of handysize vessels and a supramax.
