Angeliki Frangou’s Navios Maritime Containers has refinanced debt on seven of its vessels and switched out a purchase obligation on another ship.

New York-listed Navios Containers revealed the changes as it reported a small second quarter profit today.

It explained the refinancing involved the remaining debt of $36.7m on the septet.

The new loan runs until June 2024 with an interest rate of 300 bps above LIBOR.