Stephenson Clarke in liquidation

Britain's oldest shipping firm, Stephenson Clarke Shipping, has gone into liquidation after nearly 300 years of trading, a casualty of the worsening global downturn. Liquidator Tait Walker was appointed on 3 August, the company said in a statement. “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 to 18 months," a spokesman said.