Word: fleetness
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Dates: during 1950-1959
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...Merino forced Odria to retaliate or lose his strongman's prestige. But Odria was denied any chance of easy attack. Merino claimed the whole Second (Jungle) Division of 12,000 men (the whole army numbers 55,000 to 60,000). He also claimed the navy's Amazon fleet: seven 200-to 500-ton gunboats, and about thirty 10-to 50-ton river patrol craft. Moreover, most of the troops were inaccessibly camped in scores of jungle outposts, and even the Iquitos headquarters was isolated from Lima by 700 miles of mountains and jungles. Merino's strategy obviously...
...TRANSPORTS are being ordered by two more airlines. T.W.A., last of the major U.S. airlines to sign up for jets, ordered eight Boeing 707s as the start on a 30-plane fleet costing approximately $135 million, while...
...string of race horses. In Switzerland, where he spends several weeks a year, he is known as an expert skier. On two continents he is known as a knowledgeable art collector; he recently paid $300,000 for El Greco's Pietà. On the Riviera, Niarchos keeps a fleet of sports cars, to shuttle between his two Cap d'Antibes palaces, and two yachts: the black-hulled, 190-ft. schooner Creole (a 32-man crew) and "a little one," the 103-ft. Eros. Niarchos delights in packing celebrities off on prepaid Mediterranean cruises, although on last year...
Emblazoned on the smokestacks of dozens of ships around the world is a huge white N. It does not, as landlubbers might think, stand for Nicaragua or The Netherlands but for Stavros Spyros Niarchos, 46, a short (5 ft. 7 in.), slim citizen of Greece whose private merchant fleet is bigger than the navies of Nicaragua and The Netherlands combined. Niarchos. whose name means "master of ships," claims to be the world's biggest independent shipowner, with some 1.600,000 tons afloat and abuilding (v. Moore-McCormack's 400,000 tons). Though he has launched more ships than...
Niarchos plans to keep on building bigger ships on the theory that operating costs increase only slightly as capacity goes up. He talks of atomic-powered 100,000-tonners in the not-too-distant future. Present-day merchant fleets, Niarchos points out, are never too far from the financial reefs. In a bad year, a ship can lose more than half its value. In the best of times, merchantmen usually work ten years or more to pay off their owners' mortgages. Thinking of his heavily mortgaged fleet, Niarchos claims he is still a long way from blue water. Says...