MORE HOPEFUL
SHIPOWNERS’ OUTLOOK
Relieving the Difficulties LESS TONNAGE LAID UP By Telegraph—Press Assn.—Copyright.) (Received 19, 11.30 a.m.) LONDON, Sept. 18. The hope that steps now being taken to relieve the difficulties of shipowners will soon bring a return of a reasonable measure of prosperity to merchant shipping, is expressed in the report ot Lloyd's Register for the year ended June 30. The report says: ‘‘World tonnage laid up at present is 8,000,000, compared with 12.000,000 last year, and 15,000,000 two years ago. A total of 2,700,000 tons has been sold for break, mg up, and 289,000 has been lost, with the result that world tonnage now is 65,000,000, compared with 70,000,000 in
1931. “The total still exceeds the demand tn the freight market, but the gradual elimination of surplus vessels opens a more hopeful vista for shipowners.”
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Bibliographic details
Hawke's Bay Tribune, Volume XXIV, Issue 237, 19 September 1934, Page 7
Word Count
138MORE HOPEFUL Hawke's Bay Tribune, Volume XXIV, Issue 237, 19 September 1934, Page 7
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