questionmark Posted August 11, 2012 #1 Share Posted August 11, 2012 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. Read more Link to comment Share on other sites More sharing options...
+and-then Posted August 12, 2012 #2 Share Posted August 12, 2012 It's sad to see such a historic firm go away. A sign of the times and a poor one at that. 1 Link to comment Share on other sites More sharing options...
Super-Fly Posted August 12, 2012 #3 Share Posted August 12, 2012 Shame, be interesting to see its history, from start to end. Thanks for sharing. Link to comment Share on other sites More sharing options...
spud the mackem Posted August 12, 2012 #4 Share Posted August 12, 2012 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. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now