China Shipping Container Lines Co Ltd said it expected to post a net loss for 2011 amid a slow recovery of the U.S. economy, an ongoing European debt crisis and tamed Chinese economic growth.

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)