Ferrari's Sebastian Vettel has picked up his third victory of the 2017 Formula 1 season after claiming first place in the Monaco Grand Prix this afternoon.

The German driver's victory in the principality means that Ferrari have now claimed their first Monaco crown since 2001 to build on an impressive opening gambit in the new term.

Pole-position starter Kimi Raikkonen produced a steady race in order to secure second place, while Red Bull's Daniel Ricciardo claimed third in a rather uneventful afternoon in the south of France.

Having started at second place on the grid, Vettel kept pace with fellow teammate Raikkonen, before overtaking his fellow Ferrari driver during the pits following a suspected team order.

Vettel was able to see his win through with little competition from elsewhere, although Red Bull's Ricciardo made good progress from an initial fifth place in order to secure a podium finish in third.

As for Mercedes driver and British hopeful Lewis Hamilton, the 32-year-old endured a frustrating afternoon after having to start in 13th at the grid, before he made the most of a frustrating weekend by climbing up into seventh before the conclusion.

Monaco GP results:

1. Sebastian Vettel (Ferrari)
2. Kimi Raikkonen (Ferrari)
3. Daniel Ricciardo (Red Bull)
4. Valtteri Bottas (Mercedes)
5. Max Verstappen (Red Bull)
6. Carlos Sainz (Toro Rosso)
7. Lewis Hamilton (Mercedes)
8. Romain Grosjean (Haas F1)
9. Felipe Massa (Williams)
10. Kevin Magnussen (Haas F1)
11. Jolyon Palmer (Renault)
12. Esteban Ocon (Force India)
13. Sergio Perez (Force India)
RET. Lance Stroll (Williams)
RET. Daniil Kvyat (Toro Rosso)
RET. Stoffel Vandoorne (McLaren)
RET. Marcus Ericsson (Sauber)
RET. Jensen Button (McLaren)
RET. Pascal Wehrlein (Sauber)
RET. Nico Hulkenberg (Renault)