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Cargill plans to close its London shipping office

In the middle of the worst shipping crisis in years, Cargill Ocean Transportation, which is among the very largest dry bulk carriers in the world with 500 ships, plans to close it's London office, as the company consolidates its activities in Geneva.

Photo: Cargill

One of the world's largest shipping companies, Cargill Ocean Transportation, plans to close its London shipping office, and consolidate its activity at the company's headquarters in Geneva.

According to Cargill, the decision was made in the light of the challenges being faced by the freight market, which is in its most distressed position since the mid-1980s, a situation that looks likely to continue for the foreseeable future.

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