Capital Product Partners is back on the growth path after merging its tankers with Diamond S Shipping. .

The Envagelos Marinakis-led shipowner posted a $7.2m in profit from its continuing operations for the first three months of 2019, as expenses fell by $6.5m to $15.4m thanks to the disposal of two ships last year.

The quarter also saw the completion of the company's merger with privately-held, Connecticut-based Diamond S Shipping on 27 March, creating the world's third largest tanker owner in a shares-for-shares deal.