The company said the net deficit was LTL 41.2m ($16.41m) last year, from LTL 16.8m in 2012.
Revenue was up 10% at LTL 92.3m over the same period.
But impairments cost it LTL 26.2m.
Dry cargoship owner Lithuanian Shipping Company (LSC) has been hit by impairments on vessels as its 2013 loss increased.
The company said the net deficit was LTL 41.2m ($16.41m) last year, from LTL 16.8m in 2012.
Revenue was up 10% at LTL 92.3m over the same period.
But impairments cost it LTL 26.2m.