Tuesday, September 15, 2009

CHANGES AT SWIRE SHIPPING

Today , on the one year anniversary of the Lehman Brothers collapse in 2008 - and as a result of the tunmultuous roller coaster that is world liner shipping - Swire Group announced that the head offices of Swire Shipping at Sydney as well as the Parent CNCo in Hong Kong would move to Singapore- preserving in Singapore a core of 120 shipping professionals - better prepared for tommorrows tune- while for the 100 + individulas who will not make the cut -theres a very long silence.

Shipping - without the protection of regulation and capacity control and with no ability to attract govenment or other subsidies - has had to bear the burden of volatilty and risk ridden investments

If ,it doesnt kill you they said- It would make you stronger-

We wish all our colleagues well

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