Word: built
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Dates: during 1950-1959
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...house of the Federal Republic of West Germany is built on quicksand," was the concluding observation of Joachim Gehloff at the International Seminar Forum last Thursday...
PROMOTER LOUIS WOLFSON, who built Merritt-Chapman & Scott into a $135 million diversified corporation, is beginning to prune back. He plans to sell a profitable subsidiary, Newport Steel (1955 earnings: $626,287), to Chicago's Acme Steel Co. Previously sold Merritt-Chapman subsidiaries in '56: Nesco Division (house-wares), Utah Radio Products, Shoup Voting Machine Corp...
...early postwar years, Niarchos saw the bright future of international trade and plunged into shipping with every drachma he could scrape together while most shipowners were battening hatches to ride out an expected slump. In ten years. Niarchos has not only built his fleet-and a fortune estimated as high as $350 million-but has helped revolutionize the design, financing and operation of tankers, launching a new race of giant ships that is fast changing the economics of merchant marines the world over...
...when British yards were hungry ($120 a ton), he ordered ten tankers; when British berths filled up, Niarchos fed the German, Dutch and Swedish yards, later moved on to hungry Japan. He drives a hard bargain. Says Netherlands Dock and Shipbuilding Co.'s Pieter Goedkoop, who has built two tankers for Niarchos: "He dictated the price. It wasn't unreasonably low. It was the lowest of the low that he could reasonably ask." But after signing a construction contract, Niarchos believes in letting the shipbuilder do the job without niggling interference. Though the World Glory was the world...
...supertanker success formula: the bigger and faster the ship, the fatter the profit. Aided by the biggest shipping subsidies in peacetime history, long-hungry U.S. shipyards are taking on more and more supership orders, and expect volume to increase. The Maritime Administration estimates that "block obsolescence" of war-built...