Global economic conditions adversely affected the growth of demand for international container shipments and reduced container transportation fees, the company said in a filing with the Hong Kong stock exchange.
CSCL said a dramatic increase in oil prices also dented its results last year.
The Chinese liner posted a net loss of 1.58 billion yuan ($250.2 million) in the first nine months of 2011 due to lower shipping volumes and freight rates and higher bunker prices.
CSCL is expected to post a loss of 2.5 billion yuan in 2011, based on a poll of 27 analysts by Thomson Reuters I/B/E/S, compared with a net profit of 4.2 billion yuan in 2010. (Reuters)