GERMAN SHIPPING.
AMAZING RECOVERY. BERLIN, Thursday. Figures have been issued showing the amazing post-war recovery of the German mercantile marine. The tonnage before the war was 5,460,000 and in 1921 it was only 717,000 tons. Now it is 3,500,000 tons. After the war the Nord . Dcutscher Lloyd, in a statement, said that it had been robbed of every ocean-going steamer, and was back to the position it occupied in 1357. The company’s tonnage at present is 340,000, and that of the Hamburg-America line 1,023,000 tons. German competition with British tonnage has been facilitated because all the German ships are new, whereas the British ships are those chiefly over ten years old. A further impetus will bo given to German shipping when- the sequestered ships held in the United States are released, or their owners indemnified. The Germa n valuation of these ships is £16,000,000, but the American valuation is only £6,750.000.
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Wairarapa Daily Times, 31 December 1927, Page 5
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151GERMAN SHIPPING. Wairarapa Daily Times, 31 December 1927, Page 5
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