Sources close to the shipping consultancy arm of Shanghai-based Far East Horizon Leasing (FEH Leasing) say it is slashing its broking and back-office staff, has dissolved its shipping operation as an independent business, closed a recently established outside office and moved remaining brokers back home to Pudong District’s Jinmao Centre, where the parent leasing company has its headquarters.

Rayke Wang, head of the broking department, tells TradeWinds that he cannot comment because of the stock-listed company’s disclosure rules.

But