TOP SHIPPING FIRM TO CLOSE

Thu, Oct 6th 2011, 11:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@
tribunemedia.net

A MAJOR shipping company will shut down its Nassau operations within the next three to four weeks, Tribune Business can reveal, resulting in the loss of 29 jobs. Bay Street-based Seaboard Marine was said to have lost "millions" due to a "saturated market".

"They will be shutting down their Nassau operations within three to four weeks," a well-placed source said of Seaboard Marine. "Twenty-nine employees will be affected. That's all areas; in logistics, stevedoring, commercial and operations."

Asked why the company had decided to close, the source said: "The market is not reg ...

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