WORLD SHIPBUILDING
SIGNS OF RECOVERY DEPRESSION NOW PASSING LONDON. Oct. 31 Lloyd's Register of Shipping says there are indications that the bottom of the shipbuilding slump has been reached. The world's tonnage laid up has fallen from 15,000,000 to 12,000,000 chiefly owing to scrappings. It may be assumed that by 1934 the available world's tonnage will have fallen to the 1927 level of 65,000,000 compared with 70,000,000 in 1931. The figures for new orders to September 30 last had materially increased compared with the same quarter of 1932.
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New Zealand Herald, Volume LXX, Issue 21638, 2 November 1933, Page 9
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88WORLD SHIPBUILDING New Zealand Herald, Volume LXX, Issue 21638, 2 November 1933, Page 9
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