A refinancing deal has secured the future of 11 feeder containerships in the fleet of JR Shipping Group, says managing director Sander Schakelaar.

But he insists the agreement is good for all parties, including HSH Nordbank and a London-based credit investment fund for whom the Dutch manager brokered the deal.

TradeWinds reported on Monday that the German bank was hiving off debt with a face value of €126m ($151m) relating to a fleet of containerships from 700 teu up to 1,400 teu.