WORLD’S SHIPPING
STRIKING FIGURES. DECLINE IN BUILDING. FOREIGN COUNTRIES fAVOUR MOTOR VESSELS.
(United Press Association—By Electric Telegraph. —Copyright.) Received October 12, 11.5 a.m. LONDON, Oct. 11.
The disastrous effect of the worlfl depression on shipbuilding is strikingly revealed in Lloyd’s returns for the quarter ending September 80. There were 901,067 tons under construction in the world of which 238,433 were in the United Kingdom, the lowest ever recorded, and 662,634 abroad, the lowest since 1911.
Moreover, the British figure includes 150,000 tons on which work has been suspended, half being represented by the giant Cunarder. Another striking feature is the tonnage of motor ships being built abroad. The figure, 385,060 tons, exceeds the steam tonnage, 277,674, whereas only 24,984 tons are being built in the United Kingdom compared with steamships, 212,849 tons.
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Manawatu Standard, Volume LII, Issue 268, 12 October 1932, Page 7
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132WORLD’S SHIPPING Manawatu Standard, Volume LII, Issue 268, 12 October 1932, Page 7
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