SHIPBUILDING
A DEPRESSED YEAR I
NO SIGNS OF IMPROVEMENT.
(UNITED PRESS ASSOCIATION. —COPXKIUHT.;
(REUTERS TELEGRAM.)
(Received 30th October, noon.)
LONDON, 29th October
"Lloyd's Register of Shipping," in its annual report for 1922-23, states that no signs of early improvement in the shipbuilding industry are yet manifest. The tonnage now afloat is about sixteen million tons greater than in June, 1914, but it includes a considerable number of vessels not likely to. be employed even in the event of a substantial revival of trade.
It is noteworthy in this respect that during the twelve months ended 30th June, 300 vessels of a total tonnage of 625,000, -we're broken up or dismantled as no longer economically efficient. Still shipowners generally are unable to see in the near future any probability of such an increased demand for tonnage as will induce them to order new vessels.
Moreover, labour disputes continue to discourage shipbuilding and to delay the completion of many vessels.
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Bibliographic details
Evening Post, Volume CVI, Issue 104, 30 October 1923, Page 5
Word Count
158SHIPBUILDING Evening Post, Volume CVI, Issue 104, 30 October 1923, Page 5
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