Diana Containership's president acknowledged that the New York-listed company will need to raise capital to pay lenders despite a more optimistic outlook for the boxship market.

Anastasios Margaronis said during an earnings briefing that the company sees improving fundamentals in the market.

But he said: "Senior management realises that more capital will be needed over the next few quarters to repay short and medium-term debt, and enable the company to take advantage of opportunities which may come time to time arise in our sector."