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World’s Oldest Shipping Company Liquidated

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The world’s oldest shipping company sold its last vessel and is going out of business, according to the liquidator.

Stephenson Clarke Shipping Ltd., started in 1730, has been placed into liquidation, according to a statement from accounting firm Tait Walker. The Newcastle-Upon-Tyne, England- based shipper, which employed nine people, sold off its final vessel in July, according to the statement.

The Baltic Dry Index, a gauge of rates to transport dry- bulk commodities including grains and coal by sea, is down 55 percent this year and on course for a fourth annual slide in five years, data compiled by Bloomberg show. The current slump is “one of the worst experienced for many years,” the shipping company said in the statement.

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It's sad to see such a historic firm go away. A sign of the times and a poor one at that.

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Shame, be interesting to see its history, from start to end.

Thanks for sharing.

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Where has all the shipping gone,

long time asking

where has all the shipping gone

Long time ago

where has all the shipping gone

gone to scrapyards every one

when will we ever learn

when will we everrrr learn

The Brits used to have the worlds biggest Merchant Navy.Very sad.

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