The company said the net deficit to 31 December was $22.08m from $19.24m in the same period of2012.
Revenue was down at $20.44m, against $22.51m a year ago, butoperating expenses were little changed at $39.12m, compared to $39.21m.
The annual net loss hit $105.41m from $73.19m in 2012.
NAT said that in early December 2013, suezmax ratesincreased significantly against the 2013 average, but “a few weeks into 2014the rates have weakened again.”
Average
