SLUMP IN SHIPPING
IMMENSE TONNAGE LAID UP
LONDON, 24th January
How seriously trade depression is affecting the shipping industry is shown by the quarterly report of the Chamber of Shipping of Great Britain, wkich states that the total of laid-up shipping in the world on Ist January was estimated at 8,405,000 gross tons._ Of this amount the tonnage laid up in British ports consisted of 665 ships amounting to 1,593,000 net tons, representing over 2,500,000 gross tons. This compares with the net tonnage of 36,500 laid up on Ist January, 1930, so that the increase for the year amounts to 336 per cent. '
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Evening Post, Volume CXI, Issue 21, 26 January 1931, Page 9
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103SLUMP IN SHIPPING Evening Post, Volume CXI, Issue 21, 26 January 1931, Page 9
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