HAMILTON, Bermuda (Dow Jones) ? Sea Containers Ltd. (SCRA) completed its sale of Newhaven Marina, West Quay and Railway Quay in Newhaven, East Sussex, UK, to Oakdene Homes PLC for $20.7 million in cash.

In a press release on Friday, the transport service company said it will report a profit of $10.4 million from the deal in the fourth quarter of 2005. The company said the proceeds will be used to reduce company debt.

Sea Containers said it sold the properties because it was no longer involved in ferry operations in Newhaven.

The company said it has sold almost all of its port property interests in the UK, which is part of its strategy to focus on core businesses.

Sea Containers? shares closed on Thursday down 20 cents, or 1.6 percent, to $12.26 a share.