Defunct Singapore owner Rickmers Maritime (RMT) has received $24.7m from the sale of five containerships to Greece's Navios group.

The trust, which is being wound up, said a company related to Navios has taken over the loans on the vessels from BNP Paribas, ING Bank, Bank of Nova Scotia Asia, HSBC and Sumitomo Mitsui Trust, releasing it from $34.3m of obligations.