The company said the net loss was LTL 1.9m ($720,000) to 31 March, compared to aprofit of LTL 4.2m in the same period of 2012.
Revenue plunged 32% to LTL 12m.
Pre-tax and interest earnings fell to LTL 5m, against LTL 5.8m in 2012.
Lithuanian reefer owner Limarko has fallen into the red for the first quarter as revenue slid.
The company said the net loss was LTL 1.9m ($720,000) to 31 March, compared to aprofit of LTL 4.2m in the same period of 2012.
Revenue plunged 32% to LTL 12m.
Pre-tax and interest earnings fell to LTL 5m, against LTL 5.8m in 2012.