Word: cargoing
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...also far behind on construction of eight container ships for the Farrell and American President lines. Now scheduled for completion next fall, the first such vessel will be 21 months behind schedule and will cost about double its contract price of $21 million, making it the most expensive general cargo ship ever built. Litton will doubtless pay heavily for the overrun...
Defense Secretary Laird warned that any Russian attempts to deliver cargo by air rather than by sea also would be stopped "by all necessary means." The U.S. promptly unleashed the most intense air interdiction drive of the war. Bombers struck targets within Haiphong and Hanoi and ranged northward to hit rail lines leading to China...
Those who doubt the effectiveness of the mining operation point out that incoming cargo ships might stop outside the minefield and then unload their supplies onto shallow-draft wooden boats that might pass over the field without being detected. As a countermeasure, the Navy might set its mines to go off at extremely faint signals. With such hair triggers, however, the mines could be detonated by a strong current or even by a large passing fish...
...price tags and taximeters are being adjusted. Road signs will soon be changed from miles to kilometers, and eventually drivers will have to learn to use the left-hand side of the street. In what the Bank of Japan describes as the biggest shipment of money in history, a cargo of 54 billion yen (about $180 million) in bank notes and coins reached Okinawa secretly last month in preparation for a massive conversion of currency. The islanders are being permitted to exchange most of their U.S. money at the pre-revaluation rate of 360 yen to the dollar...
...last week's annual meeting, Six said that a profitable first quarter seems to promise 1972 earnings better than 1971's figure of $8.4 million. Some of the gain will surely come from his expanding jet cargo business, up last year by 57% (in part because of the West Coast dock strike). To handle the new volume, Continental has placed $202 million in orders for four McDonnell Douglas DC-10 airbuses and 15 stretched Boeing 727s...