Andreas Papathomas-owned Synergy Marine has sold four 4,250-teu containers to Euroseas for a total of $40m, it has been confirmed.

The ships are the Synergy Antwerp (built 2008) and the Synergy Busan, Synergy Oakland and Synergy Keelung (all built 2009).

Euroseas said it will fund the acquisition by a combination of bank debt, existing company funds and $6m raised in private placements.