Taylor Maritime Investments (TMI) has been paying off debt through ship sales and an insurance payout for a bulker stranded in Ukraine.
The London-listed company said it is on track to reach its deleveraging target by the end of June after knocking $64m off the total in the first quarter.
In a trading update, the handysize specialist said its strategy of using ship sales to cut debt was supported by a strong sale-and-purchase market.
