RECORD IN HISTORY.
Enormous Transportation of
HUGE WORLD DEMAND.
LONDON, March 3
In the course of an article in the "Daily Telegraph" Mr. Hector Bywater, naval correspondent, says the quantity of oil now being transported by sea probably is the greatest in history. Most of the non-producing nations appear to be building up the largest possible reserves against contingencies.
Britain normally imports more than 9,000.000 tons of oil products every year, but the volume recently .has been substantially increased.
France, Italy, Japan and Germany are all clamouring for supplies and the world-wide demand is throwing a strain on the international tanker fleet. A shortage of transport is threatened and freights have risen sharply.
Probably this will mean that the prices of oil products will rise.
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Bibliographic details
Auckland Star, Volume LVXIII, Issue 53, 4 March 1937, Page 7
Word Count
125
RECORD IN HISTORY.
Auckland Star, Volume LVXIII, Issue 53, 4 March 1937, Page 7
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