Britain's Oldest Shipping Firm in Liquidation

Stephenson Clarke/The Telegraph
Friday, August 10, 2012

UK-based Stephenson Clarke Shipping goes into liquidation after nearly 300 years trading.

Stephenson Clarke Shipping Ltd is the oldest British shipping company. King George II had been on the throne of England for just three years when the brothers Ralph and Robert Clarke purchased an interest in a 300-ton sailing vessel. The year was 1730 and their limited trading activities were to develop during the next 270 years into the present Ship Owning and Ship Management business of Stephenson Clarke Shipping Limited. 



Sons of the Reverend Ralph Clarke, a vicar of Long Benton, near North Shields, the two brothers took up seafaring Careers, becoming master mariners. They began buying shares in ships, in this way gradually establishing themselves as Ship Owners, although they also continued to serve at sea for some time.

Stephenson Clarke had tried to sell its ships and cut costs in the face of crashing rates for dry bulk shipping on which it relied – transporting cargoes such as coal, grain and iron ore.

But liquidator Tait Walker was appointed on August 3, 2012 the company and liquidator said in a statement reported in 'The Telegraph':
"While 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 to 18 months."

Known affectionately as Stevie Clarke, the company sold the last of its six ships in July, Reuters reported.

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Equinox Class Scrubber Systems Receive Certification

Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Finance

Italy Ending Med Sea Rescues

Rights groups warn of risk of more deaths; EU mission Triton will have more limited scope. Italy said on Friday it would close a sea rescue mission that has saved the lives of more than 100,

St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.

Mitsubishi Exits Cruise Business; Books $357m Loss

Mitsubishi Heavy Industries, Ltd. (MHI) announced its decision to book an extraordinary loss from its cruise ship business in the company's consolidated financial

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1237 sec (8 req/sec)