Word: deadweight
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Even so, the outlines of the empire can be discerned through the camouflage with which Ludwig obscures his activities. The six principal divisions: SHIPPING. Ludwig's 59 oceangoing ships include the six biggest tankers afloat, each more than 326,000 deadweight tons. In all, Ludwig has some 5,000,000 deadweight tons on the high seas-a bigger operation than that of either Aristotle Onassis or Stavros Niarchos. FINANCE. Ludwig owns or controls savings and loan companies that have assets of more than $200 million and deposits of $4 billion. They include Colonial Savings and Loan Association...
...three quarts of beer for every American over 18? Answer: any one of four Gulf Oil tankers, each of which can haul 326,000 tons of oil. They share the title of world's biggest tanker-but not for long. A tanker with a capacity of 372,000 deadweight tons (d.w.t.) will float out of a Japanese yard in 1971. Thereafter? Shipbuilders can make a tanker as capacious as anybody wants, but the idea hardly enchants them. They have problems enough building anything above 200,000 tons...
Those ships could almost be used as lifeboats on the new automated tankers that today sweep across the seas. Last year 19 ships capable of carrying more than 50,000 tons deadweight were put into commission, and that was only the beginning...
...expanding operations of the U.S.'s Daniel K. Ludwig. More and more oil companies, instead of chartering, are buying their own tankers. As a result, cutthroat competition is common among charter operators such as Niarchos: charter rates for a 42,000-ton tanker have dropped from $4 per deadweight ton in 1956 to $1.90 today...
...Niarchos wants out, he is not selling cheap. The asking price for the fleet and all its contracts is about $260 million, or $100 per deadweight ton. Brokers complain that the price is outrageous, since brand-new ships can be built in Japan for that much or less and at least 15 of the Niarchos ships are considered out of date. Not included in the offer are the prospering Niarchos shipyards near Piraeus or any of his other worldwide investments in oil refineries and aluminum...