SHIPBUILDING SLUMP
THE WORST NOW OVER NEW ORDERS INCREASING. LONDON, October 31. The report of Lloyd’s Registrar of Shipping says there is ah indication that the bottom of the shipbuilding slump has already been reached. The “world tonnage laid up has fallen from 15.000. to 12,000,000 chiefly due to scrappings. It may be assumed that by 1934 the available world tonnage will have fallen to the 1927 level of 65.000. compared with 70,000,000 in 1931. The figures for new orders to October 30, 1933, have materially increased compared with the same quarter in 1932.
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Otago Daily Times, Issue 22100, 2 November 1933, Page 9
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94SHIPBUILDING SLUMP Otago Daily Times, Issue 22100, 2 November 1933, Page 9
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