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Stephenson Clarke Shipping to be liquidated

09 August 2012

hort sea bulk cargo ship operator Stephenson Clarke Shipping has been placed into liquidation.

Allan Kelly and Gordon Goldie of Tait Walker in Newcastle were appointed liquidators on 3 August.

“It is with great regret that the company has had to cease trading,” a spokesman for the company said.

“Management and staff have worked extremely hard to manage the position to minimise the impact on stakeholders by working with professional advisers to ensure an orderly and controlled wind down of the company which resulted in the sale of the last vessel in July 2012.

“Whilst previous economic downturns have been weathered, the current market is one of the worst experienced for many years with no upturn forecast for at least 12-18 months”….