North American building products company United States Gypsum Corporation (USG) announced that it has entered into agreements to sell two gypsum carrying ships.
The two ships, part of USG’s non-core shipping business, Gypsum Transportation Limited (GTL), will be sold for $42 million. The sales are expected to close in April 2015.
The announcement was made as part of USG’s 2015 Q1 report.