BRITISH SHIPPING IMPROVED.
The world shipping outlook is favourable. And despite the fact that Britain's share of world ocean-going tonnage has declined from one-half befone the war to around one-third, and that British ships now carry two-fifths as against one-half of world maritime trade, the position of the British shipping industry is immensely strong. .... Wages have been incimsed, fuel costs have risen and, at times, bunker coal has been in short supply, while loading and unloading charges are higher as are also costs of new construction. Operating costs are probably up by 15 per cent. on the year and ' costs of new tonnage by some 30 per cent. But freights have jumped by as much as 150 per cent. over the year in certain cases. In fact, the time charter rate, which is the most significnnt pointer to the antieipated trend, though it fell silghtly in June is 154.5 per cent. higher than it was a year ago. — London Financial News.
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Hawke's Bay Herald-Tribune, Issue 196, 4 September 1937, Page 4
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161BRITISH SHIPPING IMPROVED. Hawke's Bay Herald-Tribune, Issue 196, 4 September 1937, Page 4
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