Gypsum giant sheds ships

Chicago based building products giant USG Corporation (NYSE:USG) says it has entered into agreements to sell the two ships in its non-core shipping business, Gypsum Transportation Limited (GTL), for $42 million.

The sales of the ships are expected to close in April 2015.

Both ships are Bermuda-flagged 47,761 dwt self discharging bulk carriers: the Gypsum Centennial, built in 2001, and the Gypsum Integrity, built in 2009.