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Word: freighter (lookup in dictionary) (lookup stats)
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Blissfully surrounded by bales of Canadian $1 bills totaling $36,000, Toronto Businessman Wallace Edwards, 54, hoisted a glass of Russian vodka and savored victory. In the preceding days, he had legally seized a $13 million freighter, frozen the bank accounts of the Soviet embassy in Ottawa and, in the process, succeeded in collecting a 13-year-old account from a rather unusual debtor-the Kremlin. It was without doubt one of the most dogged dunning operations on record...

Author: /time Magazine | Title: World: From Russia, with Interest | 11/3/1980 | See Source »

Seven years and innumerable appeals later, Edwards' pertinacity finally paid off. Last week, as the Soviet freighter Stanislavskiy rested in its Toronto berth, Sheriff Joseph Bremner trotted up the gangplank and informed Captain Yuri Surnin that he was seizing his ship until the bill was paid. Pravda, the Soviet Communist Party newspaper, yowled that the boarding had been carried out by "police thugs acting like medieval pirates." But when Edwards also took actions to freeze the bank accounts of the Soviet embassy in Ottawa, Moscow warmed to the possibility of a settlement of the original bill plus interest, court...

Author: /time Magazine | Title: World: From Russia, with Interest | 11/3/1980 | See Source »

...first new American sailing freighter will probably be the 450-ton Patricia A., which California Entrepreneur Hugh Lawrence is modifying by adding wind power to its existing diesel power. The ship's captain will control the four 16-ft.-to 50-ft.-wide Dacron sails mechanically from the bridge. Lawrence expects to be using the 170-ft. freighter on Caribbean trade routes starting in April...

Author: /time Magazine | Title: Business: Riding the Wind | 10/20/1980 | See Source »

...sank in 20 ft. of water on top of the cars. Two tugboats were able to tow the freighter away from the bridge, but divers were hampered by squalls and by fears that a 40-ft. slab of roadway hanging precariously from the abutment might tumble in too. Nonetheless, the divers soon were able to recover 18 bodies; at least 14 more people were believed dead...

Author: /time Magazine | Title: Nation: What a Horrible Sight! | 5/19/1980 | See Source »

...Skyway has been the scene of three other major accidents this year. On Jan. 28 a collision between the Coast Guard cutter Blackthorn and a 605-ft. oil tanker killed 23 Coast Guardsmen. On Feb. 6 a boom from a Greek freighter slammed into the center supports of the bridge. Ten days later a Liberian-registered oil tanker hit an abutment. In the last two cases, damage was slight and there were no injuries...

Author: /time Magazine | Title: Nation: What a Horrible Sight! | 5/19/1980 | See Source »

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