The marine services group said it is still expecting to cut its coastalproducts carrier capacity to track lower demand in the next two to three years.
But disposals could be made at prices below book-value levels, hence the £9.2m($13.8m) impairment charge in its 2012 accounts.
The shipping assets are now worth £32.8m, which represents12% of the company’s total.
The company also revealed it had struck a deal tosell its bareboat-chartered 6,400-dwt Steersman
