Word: fleetness
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Dates: during 1960-1969
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...realistic détente, like his vision of British membership in an integrated Europe, was left to others to pursue. Nonetheless, when he surrendered office in 1955. the world was as tranquil as it had been at any time in the 40 years since Churchill's Grand Fleet steamed into action against imperial Germany...
Last week, as Gordon Walker continued his campaign in Leyton, at least 30 burly Labor stewards guarded the halls in which he spoke. Although a massive journalistic contingent from Fleet Street was, in The Times of London's words, "ready to pounce at the drop of a swastika," no Fascists showed up-though Spoiler Jordan sent an agent in blackface to the Leyton town hall, where the interloper declared himself, in crude parody of Negro vernacular, to be "de noo candidate, Walker Gordon." And though everyone was protesting that race was not an issue in Leyton, the BBC hastily...
Disenchanted Argonaut. The would-be buyers, negotiating back in Manhattan, are big men themselves. They are mostly onetime U.S. Defense Department officials who in 1958 bought out the New York-based Marine Transport Lines, which is bidding for the Niarchos fleet and is anxious to keep it out of foreign hands. Through a complicated maze of companies, they operate 61 ships under American and Liberian flags. Leading the group is H. (for Harris) Lee White, 52, former Air Force Assistant Secretary, now a partner in the Wall Street law firm of Cadwalader, Wickersham & Taft. Other principals are ex-Deputy Defense...
...Greek port of Piraeus, three U.S. shipping experts this week will begin looking over a private fleet that has five times as much tonnage as the French navy. One by one, 63 black-bottomed tankers and freighters will be diverted from their runs over all the oceans and seas and pulled into dry-dock for the visitors to inspect. The inspectors have quite an assignment: to help bring off the largest ship purchase in history, a deal of $200 million or more. Up for sale was almost the entire armada of that hero of the modern Greek shipping legend, Stavros...
...bidders are trying to pull down the price by pointing out that part of Niarchos' fleet is under long-term charter contracts that pay off in British sterling-and that devaluation would thus cost them dearly. But the deal hinges primarily on the inspection of the fleet. If the vessels are shipshape, a deal that would make the Lee White group the world's biggest independent shipping operator should be closed in 60 to 90 days...