Danish shipping company Erria tumbled to a big loss in 2011 hit by a drop in demand for refined products.



The Copenhagen-listed company also suffered last year from write-downs and value adjustments on its fleet.



It booked a deficit of DKK 335.2m ($59m) from a DKK 59.4m reversal a year ago.



On an operating level Erria ended the year with a loss of DKK 40.6m