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THE SHIPPING SLUMP REDUCTION OF TONNAGE (Received Nov. 1,2 p.m.) LONDON, Oct. 31. Lloyd’s Register of Shipping report says that an indication that the bottom, of tbo shipbuilding slump has already been reached is the fact that the world tonnage laid "up has fallen from 15,000,CCO tons to 12,000,000 tons, chiefly due to scrappings. It may be assumed that by 1934 the available world tonnage will have fallen to the 1927 level of 65,000,000 tons, compared with 70,000,000 in 1931. The figures for new orders to September 30 last have materially increased compared with the same quarter of 1932.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18234, 1 November 1933, Page 8
Word Count
102END IN SIGHT Poverty Bay Herald, Volume LX, Issue 18234, 1 November 1933, Page 8
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