Norway's Hoegh Autoliners revealed financial results that fell deeper in the red.
The loss for 2018 more than doubled the deficit a year earlier, the company reported.
Hoegh Autoliners reported a pre-tax loss of $55m last year, against a $24.7m loss in 2017. Revenue increased from $997m to nearly $1.06bn last year.
The figures mean that for the last three years, the Oslo-based car carrier operator accumulated losses of more than $300m, mostly from writing down the value of the company’s fleet.
