Swire Shipping is suspending its two round-the-world liner operations and laying off 40% of its staff as a result.

Swire is cutting two round-the-world liner services with the loss of 200 jobs
The Australian-based company is axing its Eastabout- (ERTW) and Westabout Round-the-world (WRTW) services due to weak markets in Europe and the US.

“Both services are heavily dependent on volumes to and from these key trading areas,” Swire said in a statement.

“The