International Shipholding Corporation is getting ready to cut debt in preparation for fleet expansion with cash from the sale of two pure car-truck carriers (PCTCs).

CEO, Niels Johnsen.
New York-listed ISC says it expects the transaction with Norwegian Car Carriers to generate proceeds of around $73.9m with a reportable gain of $3.5m in the first quarter.

While the company did not identify the ships in a statement, a spokesman tells TradeWinds the vessels are the 6,460-car Asian