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Containers Finance Ship operations

Contships moves to slash bank debt with $100m in voluntary prepayments

  • Move will use about half Contships’ cash, counting proceeds from the latest vessel sale
  • For 2026, principal repayments will be $29.5m lower and interest costs will be reduced by $4.2m
  • Decision to use ‘excess liquidity’ to nearly erase bank debt comes amid strong cashflow from market

  • News

Nikolas Pateras says the strategy will reinforce the balance sheet as his feeder containership company seeks to ‘expand and renew’ its fleet

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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