Rickmers Group is selling more boxships and a stake in a leading shipbroker as part of a package of measures to stave-off insolvency.

Parent company Rickmers Holding is pressing ahead with the sale of three handysize containerships and a 50% stake in chartering and sale-and-purchase (S&P) broker Harper Petersen.

The 1,850-teu Jacob Rickmers (built 2006) has been sold for $3.8m.