SHIPBUILDING BY BRITAIN
STEEL SHORTAGE MAY CAUSE CUT (N.Z. Press Association—Copyright) (R Jj; c :, 8 P- m - ) LONDON, January 18. British firms booked orders for more than 4,000,000 gross tons of new shipping last year and would be enjoying unprecedented prosperity—but they have not the steel to build them. The “Glasgow Herald Tade Review” said to-day that even with present supplies, which may be further cut, many .ships ordered last year may not be laid down until 1955 for delivery in 1956. Post-war restrictions have cut the annual launching total to 1,250,000 tons. This may drop still further when the Government begins its new priority allocation system for steel next month. The review warned that the boom is artificial and could disappear as fast as it rose. It said Japan has launched nearly 300,000 gross tons.
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Press, Volume LXXXVIII, Issue 26633, 19 January 1952, Page 8
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136SHIPBUILDING BY BRITAIN Press, Volume LXXXVIII, Issue 26633, 19 January 1952, Page 8
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