Swissco Holdings has sold five more ships as part of its financial restructuring for around $10m.

The Singaporean owner offloaded the 65-loa Swissco Venus (built 2013) to an unrelated third party.

Swissco Venus was not in use and was maintained at the company’s shipyard with no crew or operational systems running.

Net proceeds have been used to repay all the amounts owing under a Credit Suisse facility.