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Shipbroker lays off staff

Shipbroker lays off staff
Seven brokers have been made redundant at leading global shipbroker Howe Robinson as the downturn in the dry and container markets deepens.

Seven brokers have been made redundant at leading global shipbroker Howe Robinson as the downturn in the dry and container markets deepens.

Seven brokers have been made redundant at leading global shipbroker Howe Robinson as the downturn in the dry and container markets deepens.

Five of the seven are leaving the firm"s London office and it is understood that the other two brokers has been made redundant from the China and Greece offices, respectively. The company currently employs around 160 people in offices in London, Hamburg, Shanghai, Piraeus, Tokyo and Singapore.

?It is with great regret that we have taken this action,? joint chairman David Lewis told. ?It is due to the downturn in the dry markets and dire box markets.?

He would not comment on the identities of the individuals involved.

Howe Robinson, established in London in 1883, is one of the industry"s most venerable companies. A long-standing member of the Baltic Exchange, it was involved in a management buyout in 1988 and, after merging with Angus Graham and Partners in 2006, it acquired Killick Martin Chartering the following year.

www.TurkishMaritime.com.tr

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