THE WORLD’S SHIPPING

Otago Daily Times, Issue 18612, 21 July 1922, Page 5

THE WORLD’S SHIPPING

AN INTERESTING COMPAJMSGN, BRITAIN LEADS THE WAY. Picas Association—By Tele graph—CopyrixCl LONDON, July 19. Lloyd's Register’s annual return to June 6 last shows that'the world’s total of seagoing steel and iron steamers and motor vessels was 56,802,000 gross, being an increase of 14,112,000 tons compared with 1914. The United Kingdom’s total is 19.053.000, an increase of 176,000; British dominions, 2£01,000, increase of 794,000; United States 12,605,000, increase of 10,669,000; Germany, 1,785,000, decrease of 3,315,000, but during the last 12 months the German tonnage increased by 1,131,000 tons, while the British decreased by 231,000 tons, owing probably to the large number of ships (mostly old vessels) which were sold abroad.—A. and N.Z. Cable. WORLD’S IDLE TONNAGE. VALUE EXCEEDS £100,000,000. LONDON, July 19. (Received July 20, at 9.20 p.m.) According to the latest available statistics, it is estimated that between 10.000. and 12,000,000 gross tons of shipping are laid up m various parts of the world, of which 1,900,000 are British, or, roughly, 10 per cent, of Britain’s mercantile marine. The American Shipping Board has 4,625,000 tons idle, of which about 1,000,000 tons consists of wooden ships. The estimated capital value of the world’s idle tonnage exceeds £100,000,000. —A. and N.Z. Cable.