Word: deep-sea
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Labor alone was not to blame. Boston was cursed with absentee ownership. Only one deep-sea shipowner was left in the New England city that once was the greatest port on the North American continent. Labor troubles, management troubles had to be handled laboriously through agents and middlemen. No major trunk railroads gave the port a tinker's damn...
...tell the Deep-Sea Viceroys the story...
Meanwhile ocean freight rates have soared, further boosting revenue per sea mile. Rates on six basic commodities (see chart) are 50% above last year, 110% above 1939. Charter rates on deep-sea routes now average $7 to $8.25 a ton a month v. $1 to $1.75 before the war. Hence many a coastwise shipowner has chartered (or sold) most of his vessels, practically retired to a life of Scotch and bridge at the Propeller Club...
...coastal trade, that the Commission wanted about 32 ships-half of their seagoing fleets (3,500 deadweight tons and over). Thus, by legal authority given in 1917 (19 years before it was born), the Maritime Commission made one of its biggest hauls in the 1941 roundups of deep-sea bottoms. The requisitioned ships will be a whacking addition for the 2,000,000-ton shipping pool for Britain ordered by Franklin Roosevelt in April...
They had met another sea-struck couple, Chester and Fern Thompson of San Pedro. Thompson had done some deep-sea diving. Why didn't they all sail to the Marquesas Islands, 3,000 miles southwest in the Pacific, and dive for pearls? The Conlys were enthusiastic...