Zimmermann, Erich Walter, 1888- · New York, Prentice-Hall · leaf 576
less than 12,000,000deadweight tons carrying capacity were under construc-tion, which, figuring an average of three voyages a year,would add to the worlds yearly carrying capacity theimmense figure of 36,000,000 tons. The inevitable result 1 From Report by Sir Norman Hill, Secretary Liverpool… … AVERAGE SALE PRICE OF TYPICAL BRITISH STEAMER 546 OCEAN SHIPPING was a deflation of tonnage values almost as drastic as thepreceding inflation. Book values and competition.—One result of this ex-traordinary advance in the price of ships is a v^ide dis-crepancy in the competitive strength of older…
Merchant marine · Ships and shipping
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