Show Rapid Drop in Tied-up Vessels

Wanganui Chronicle, Volume 79, Issue 306, 31 December 1935, Page 10

Show Rapid Drop in Tied-up Vessels

LONDON.—Vessels laid up in British ports have decreased, according to statistics published by Lloyd’s Register here recently. On Oct. 1, 1935, there were 224 vessels of 502,462 tons npc laid up compared with 250 ships of 587,990 tons at the end of the previous quarter, a decline of 14.5 per cent. Compared with a year ago the decrease ib 38.6 per cent. Meanwhile, Britain’s shipyards arc building nearly half the world’s now merchant ships, for the report shows that of the total 1,197,969 tons under construction, Britain is building 530,554 tons, or 44.3 per cent. In spite of this, however, the amount of new merchant ships under construction in Britain during the quarter ended Sept. 30, 1935,'was 73,742 tons less than the total a year ago, while compared with the preceding quarter of this year there was a decrease of 29,767 tons. Ou the other hand, during the quarter ended Sept. 30 there were 118,979 tons begun in British shipyards, uu increase of nearly 11,000 tons on the proceeding quarter. The rest of the world showed a decrease of 93,458 in new tonage begun compared with-thc figure 101 last quarter. British shipbuilders nope inis improvement in shipping construction will continue, for they report a numoer of new orders. Clyde yards alone received additional contracts for about 70,000 tons during a recent fortnight.