GERMAN SHIPPING
POST-WAR GROWTH.
RAPID PROGRESS MADE. COMPETITOR WITH BRITAIN. BY CABLE -PRESS ASSOCIATION—COPYRIGHT Received 9.25 a.m. to-day. BERLIN, Dec. 29. Figures have been issued showing the amazing post-war recovery of the German mercantile marine. The tontage before the war was 5,460,000. In 1921 it was onlv 717,000, and it is' now 3,500,000. After the war the Nord Deutscher Lloyd issued: a statement, that it had been robbed of every ocean-going steamer, and was back to the position it occupied in 1857. German competition with British tonnage is facilitated because all their ships are new and the. British are chiefly over 10 years old. • Further impetus will be given to Germany’s shipping when the sequestered .ships held Ivy the United States are released or indemnified. The German valuation of these ships is £16,000,000, and the American valuation £6,750,000.
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Bibliographic details
Hawera Star, Volume XLVII, 30 December 1927, Page 5
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138GERMAN SHIPPING Hawera Star, Volume XLVII, 30 December 1927, Page 5
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