The New York-listed operator reported net income of $17.2m for the three months to 30 September, versus a gain of $19.1m in the same leg of 2012, as consolidated revenue rose to $415m from $401.4m year-on-year.

In a statement chief executive Matt Cox pointed out that earnings were hurt by a “lull” in Hawaiian container volumes and other unforeseen variables like $1.3m