Nasdaq-listed Capital Product Partners reported a 63% rise in net income in the first quarter of the year due to the expansion of its containership fleet.

The Jerry Kalogiratos-led shipowner saw net income rise to $10.9m in the period to 31 March 2021, up from $6.7m in the same quarter last year

Revenue rose 13% to $38.1m, up from $33.1m.