SHIPBUILDING
EFFECT OF DEPRESSION
SMALL TONNAGE UNDER CONSTRUCTION.
LLOYD’S RETURNS.
(United Press association— By CableCopyright.) (Received 12, 11.5 a.m.) London, Oct. 11. The disastrous ettect of the world depression on shipbuilding is strikingly revealed in Lloyd s returns for the quarter ended September 30. There were 901,067 tons under construction in the world, of which 238,433 were in the United Kingdom—the lowest ever recorded — and 662,631 abroad—the lowest since 1911. Moreover, the British figure includes 150,000 tons on which work is suspended, half being represented by the giant Uunarder.
Another striking feature is that the tonnage of motorships being built abroad, 385,060, exceeds the steam tonnage, 277,574, whereas only 24,984 tons were being built for motorships m the United Kingdom compared with 212,849 tons for steamships.
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 256, 12 October 1932, Page 7
Word Count
126SHIPBUILDING Hawke's Bay Tribune, Volume XXII, Issue 256, 12 October 1932, Page 7
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