Capstan Capital and parent Komrowski Group have raised $4.8m to help an ailing German containership company that is struggling to cover operating expenses tied to its only vessel.

The London and Hamburg-based financial conglomerate failed to identify the company or the name of the ship in a recent statement but Konstantin Krebs, Capstan’s managing partner, says the refinanced unit is a 13-year-old, 1,700-teu boxship.