Additions, numbers

Type

GRT; %, average size

Less number, reason, GRT, average

Remarks

34 ships

New buildings

781,354 (*); 11%

22,981 av.

276 ships sold; 4,570,000; average 16,558

(*) Economies of scale in new buildings

254 ships

2^nd hand

6,500,000; 89% 25,590 av. (**)

286 ships scrapped; 6,100,000; 21,329 av.

(**) Economies of scale in used ships

Total 288 ships added

7.3 m GRT

562 ships removed; 10.7 m GRT

Result: 3.4 m GRT less x 1.8¹⁵ = 6.1 m dwt less