Macao Dragon, the bankrupt ferry company, will sell two of its catamarans to start paying off its HK$160 million debt.

The company still owes around HK$7.4 million to its crew.

According to reports, a judge has ordered that the ships be appraised by an appointed ship broker and a surveyor. Then, the average of the two figures will set the price for an international tender.

Currently, the ferries are berthed in Hong Kong Harbour.

Macao Dragon ceased operations in September 2011, after just 14 months of service.