British Shipbuilding
INDUSTRY STILL DEPRESSED. LAST YEAR’S OUTPUT SMALL. HILE TONNAGE. (Received 5. 9-30 a.m.) London, Nov. 4. The report of Lloyd’s Register of Shipping for the year ended June 30 last, records a continuance .of the depression in the shipbuilding industry. It says the tonnage of new vessels classed by Lloyd’s during the year, namely. 885,000. was the lowest recorded for 15 years except in the second year of the war, representing only 27 per cent of thAt of 1920-21 and 55 per cent of the total of 1922-23. Four hundred and fifty-four vessels with a tonnage of 600,000 were lost, and 500 vessels with a tonnage of 1,250,000 were dismantled or broken up. the last figure being twice that of the year ended June 1923. Although the world’s mercantile fleet is still fifteen million tons greater than 1914. a large proportion is laid-up tonnage unlikely ever to be able to successfully seek employment, and anv serious revival of overseas trffiac will tend to further elimination of uneconomical tonnage.—(Reuter).
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Bibliographic details
Hawke's Bay Tribune, Volume XIV, Issue 279, 5 November 1924, Page 5
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170British Shipbuilding Hawke's Bay Tribune, Volume XIV, Issue 279, 5 November 1924, Page 5
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