SHIPPING INDUSTRY
DEPRESSION DEEPENED LAST YEAR
LOSS FROM SEAMEN’S STRIKE
_ London, February 14. "Depression in the shipping industry continued and deepened during the past year,” is the opening sentence in the report of the Chamber of Shipping of the United Kingdom. The depression is attributed to the continued existence of more ships and fewer cargoes than before the war. Freights were at a record low level, and were below the pre-war prices. Nineteen cargo companies, with paid-up capital totalling three millions, were v/ound up during 1925. Referring to the recent seamen’s strike as due to a senseless dispute between two unions, the report says the malcontents gained nothing bv it, but it cost those who had trusted them untold unnecessary suffering as well as grave loss.—Reuter.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19260216.2.65
Bibliographic details
Dominion, Volume 19, Issue 121, 16 February 1926, Page 7
Word Count
126SHIPPING INDUSTRY Dominion, Volume 19, Issue 121, 16 February 1926, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.