Exhibit 10.26

                                 PROMISSORY NOTE

                                                                  April 23, 2004



                  FOR VALUE RECEIVED, Trailer Bridge, Inc., a Delaware
corporation ("Trailer Bridge"), hereby unconditionally promises to pay to the
order of KADAMPANATTU CORP., a Delaware corporation (the "Company"), the
aggregate unpaid principal amount of One Million Six Hundred Forty One Thousand
Three Hundred Eighty Six Dollars and together with interest on the unpaid
balance of such amount from the date hereof until such amount is paid in full,
as set forth herein. This Promissory Note (this "Note") is the Note issued for
amounts due the Company as of January 31, 2004 between the Company and Trailer
Bridge, and amounts deferred commencing March 1, 2004 to which a reference is in
SUBORDINATION AGREEMENT ("Subordination Agreement") dated April 23, 2004 is by
and between CONGRESS FINANCIAL CORPORATION (FLORIDA), a Florida corporation, in
its capacity as agent (the "Subordination Agreement") All payments made pursuant
to this Note shall be in immediately available funds and at such place as the
Company may designate in writing from time to time. Capitalized terms not
defined in this Note shall have the respective meanings assigned to them in the
Deferral Agreement.

                  Interest on the outstanding principal balance under this Note
is payable at the rate of 8.03% per annum, and, in the event of a default of the
terms of this Note, at default rate that is 3.00% greater than the otherwise
applicable rate, monthly commencing January 31, 2005. To the extent permitted by
the Subordination Agreement, interest shall be payable on the last day of each
calendar month commencing on the last day of January 2005. Commencing on January
31, 2005, to the extent permitted by the Subordination Agreement, principal and
interest shall be paid in thirty-six (36) equal monthly installments.

                  The entire balance of unpaid principal and all accrued and
unpaid interest calculated from the date hereof shall be due and payable on
December 31, 2007.

                  The holder of this Note is authorized to, and so long as it
holds this Note shall, record the date and amount of each deferral made by
Trailer Bridge pursuant to the letter deferral agreement between the Company and
Trailer Bridge dated April 21, 2004 as referenced in the Subordination
Agreement, and the date and amount of each payment or prepayment of principal
thereof, on the Schedule, and any such recordation shall constitute prima facie
evidence of the accuracy of the information so recorded, provided that failure
of the holder of this Note to make any such recordation (or any error in such
recordation) shall not affect the obligations of Trailer Bridge under this Note.



<PAGE>


                                       TRAILER BRIDGE, INC.



                                       By:  /s/ Mark A. Tanner
                                          --------------------------------------
                                            Name: Mark A. Tanner
                                            Title:   Chief financial Officer


<PAGE>

                                                     Schedule to Promissory Note

                          DEFERRAL AND PAYMENT AMOUNTS
                          ----------------------------

<TABLE>
<CAPTION>
         Date            Amount of Deferral/            Amount of            Unpaid Principal        Notation Made
                           Principal Amount            Prepayment/                Balance                 By
                             Repayment
----------------------------------------------------------------------------------------------------------------------

<S>                     <C>                                                                       <C>
January 31, 2004        $                                                                         Mark Tanner
----------------------------------------------------------------------------------------------------------------------

March 2004 deferral     $                                                                         Mark Tanner
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                        $
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                        $
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                        $
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                        $
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                        $
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                        $
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                        $
----------------------------------------------------------------------------------------------------------------------

                        $
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                        $
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                        $
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                        $
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                        $
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                        $
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                        $
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                        $
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</TABLE>