NEW SHIPS.
SLUMP IN THE INDUSTRY, j HIGH PRICES AND GO-SLOW. fti Telegraph.—Press Assn.—Copyright, deceived Dec. 1, 12.5 a.m. London, Nor. 30. Mr. Archibald Kurd, in the Daily Telegraph, discussing the shipping problem, says it no longer pays to build cargo-carrying vessels in Britain, though there is still a. demand for liners and oil tankers, as freights have fallen so heavily, and running charges are so high. Moreover, there is much "caVanny" in the shipbuilding industry. Some yards paying for eight hours' work are only receiving five and a half to six hours. The Cunard's new liner Samaria cost an extra £250,000 owing to the "ca'-canny" methods. Cargo Bteamers are now costing three to four times the pre-war cost. As •seven million ton? of shipping will take the water within a year the immediate prospects are bad, 'as there are still orders in hand and new ones are not coming in.—Aus-N.Z. Cable Assn.
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Taranaki Daily News, 1 December 1920, Page 5
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153NEW SHIPS. Taranaki Daily News, 1 December 1920, Page 5
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