SHIPBUILDING
NO SIGN OF IMPROVEMENT. LLOYD'S REPORT. Reut-erV TelftsTAtn, LONDON. October 29. “Lloyd's Register of Shipping.” in its annual report for 1922-23. states that no signs of early improvement in the shipbuilding industry are yet manifest. The tonnage now afloat is about 10,000.000 tons greater than in June. 1914. but it Mu-hides a considerable number of vessels not likely to bo employed even in the event of a substantial revival of trade. It is noteworthy in this respect that during the 12 months ended June 30th, 300 vessels of a total tonnage of b20,000, were broken up or dismantled as no longer economically efficient. StiU shipowners generally arc unable to see in the near future any probability or such an increased demand for tonnage as will induce them to order new vessels. Moreover, labour disputes continue to discourage shipbuilding and to deiay the completion of many vessels.
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Bibliographic details
New Zealand Times, Volume L, Issue 11664, 31 October 1923, Page 7
Word Count
147SHIPBUILDING New Zealand Times, Volume L, Issue 11664, 31 October 1923, Page 7
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