Alabama-based US operator International Shipholding Corporation (ISH) has offloaded two dry bulk vessels and entered into 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 Jan. 5 and a capsize on Jan. 11. Once the sale of its minority interest in the tankers are complete, ISH said it would have reduced its outstanding debt to approximately $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.