US-headquartered dry bulk shipping company Navios Maritime Partners revealed it has completed the sale of MSC Cristina, a 13,100teu container vessel.

The Neopanamax was sold to an unknown party for US$125m, the company said.

Around US$100m of the sale proceeds were used to repay bank debt, Navios Partners added.

Market value of the vessel currently stands at US$71.57m, VesselsValue's data shows.

MSC Cristina, which has a length of 366 meters and a width of 48.2 meters, was built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2011.