Revenue was $30.7 million in the quarter compared to $33.3 million in the same 2008 period.
The firm saw “continued high capacity utilization in the quarter with the exception of the seasonally slower last week of the year,” said Ivy Suter, the company’s chief executive officer. “We expect capacity utilization to remain high in the first quarter of 2010 and beyond based on what we're seeing in January.'
The carrier, primarily a provider of liner services to Puerto Rico, said in January it expanded its service to and from the Dominican Republic to once a week from every two weeks. It uses existing liner-service vessels to link the ports of Jacksonville, Fla.; San Juan, Puerto Rico; and Puerto Plata, Dominican Republic.
