Tropical Shipping reports lower volumes

Tropical Shipping reports lower volumes
   Tropical Shipping had first quarter operating revenue of $80.8 million, about 3 percent less than the $83.5 million in the same 2010 period, Tropical’s parent company, the Illinois-based gas utility, Nicor said Wednesday.
   Tropical, a container carrier that specializes in moving cargo in the Caribbean, moved about 38,400 TEUs in the first quarter, about 10 percent less than the 42,500 TEUs it moved in the first quarter of 2010.
   But average revenue per TEU rose to $2,103, about 7 percent higher than the average of $1,963 in the first quarter of 2010.