— The average number of vessels decreased to 42.6 from 49.5 in the prior-year quarter. However, the weighted average age of vessels rose to 9.5 from 9.1 a year ago.
— Fleet utilization for the fourth quarter declined to 96.9% from 99.1% in the previous year quarter.
— Time charter equivalent rate decreased to $12,264 from $13,527 a year earlier. However, the daily vessel operating expenses rose to $5,969 from $5,536 a year ago.
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— Long-term debt as of December 30, 2019, was $474.95 million while cash and cash equivalents stood at $107.29 million.