Word: cargoing
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...Kong harbor. A cruise ship offering three- month tours with elegant accommodations. These are not the images people conjure up when they think of the Soviet menace. But the Soviet Union's fleet of about 2,500 merchant ships, now the world's sixth largest, has been invading both cargo and cruise markets around the world, underbidding competitors by 40% and more. In the past two decades, the Soviet Union has doubled the number of its ships and tripled the tonnage of its fleet. Meanwhile, the U.S., which is ranked No. 8* worldwide, has sold or scrapped...
...years upped their share of the British cruise market from 10% to 42%. In France, about 80% of imported oil is carried by Soviet tankers, while French ships transport less than 1%. Even the Japanese have been hurt. Since 1981, the Soviets have snatched an estimated 10% of the cargo trade between Japan, Australia and New Zealand...
Soviet ships were barred from U.S. ports as a result of the 1979 Afghanistan invasion. But in Europe, saying bon voyage under a Red star is no longer a novelty. Western companies sending cargo overseas have also jumped aboard cut- rate Soviet ships. Their governments have been slow to respond to the Soviet merchants' tactics. The Japanese, the Australians and several West European nations complain that the Soviets have broken understandings on shipping policies and rates. None, however, has found a means to enforce the pacts. For now, maritime nations seem likely to find that ships flying the Hammer...
TIME' s economists say events abroad will determine U. S. growth. Soviet ships sail into cruise and cargo markets. Gucci vs. Gucci...
Most Titanicphiles think there may not be enough booty aboard to justify the expense of even a modest salvage operation. Walter Lord, author of A Night to Remember, pored over the old damage claims and found that the Titanic's cargo was insured for an unimpressive $420,000. According to the ship's manifest, among the significant items on board were some 500 cases of shelled walnuts, 860 rolls of linoleum and eight cases of orchids...