Monday, August 13, 2012
Britain’s oldest shipping company liquidates
The oldest shipping company in the United Kingdom announced it has ceased operations 282 years after its launch.
“It is with great regret that the company has had to cease trading,” said Tait Walker, the liquidator for Stephenson Clarke Shipping Ltd. in a statement.
“Whilst previous economic downturns have been weathered, the current market is one of the worst experienced for many years,” Walker said.
Founded at the end of the most famous, or infamous, age of piracy in northeast England’s Newcastle upon Tyne, “Stevie Clark” as the company is affectionately referred to, was more recently involved in short sea shipping, carrying aggregates, alumina, grain, coal, fertilizers and steel.
The company most recently employed staff of just nine and had been selling off vessels from its fleet in recent years.
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