Cargill will cut back on asset sales following a $2.4bn disposal effort in the past year.

The major charterer made the pledge as it reported a drop in full year adjusted earnings.

Marcel Smits, chief financial officer of Cargill, told the Wall Street Journal, “In 2016 we had a very big year in terms of portfolio realignment. 2017 is not going to be at the scale of 2016.”

Cargill