Capital Product Partners more than doubled its profit and revenue after making a ‘timely’ acquisition of container ships and LNG carriers.

The Jerry Kalogiratos-led company said net income rose to $25.1m for the first quarter of the year.

That is 130% higher than the $10.1m it earned in the first three months of last year.

The improvement was mainly due to the expansion of the fleet and primarily the acquisition of six LNG carriers in the second half of last year.