The tanker and offshore shipowner said the net deficit was MXN 563.2m ($42.54m) last year, from MXN 781.1m in 2012.

Revenue increased to MXN 2.83bn from MXN 2.59bn over the same period.

Financial costs rose to MXN 900m from MXN 887m, however.

CEO Jose Serrano said: “Maritime performed solidly in the fourth quarter and full year of 2013, recording improved revenue, operating profit and EBITDA compared to the same periods last year.

"Additionally,