Word: freighter
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...brought 275 presidents, board chairmen or top executives of six major U.S. steel companies, U.S. and Canadian banks, insurance and trust companies and mining firms. The visitors assembled on Seven Islands' rain-drenched waterfront. A button was pushed, and rumbling machinery dumped carloads of red rock into a freighter's hold. When the hold was full, the ship sailed for Philadelphia to deliver to U.S. steel mills the first iron ore from Canada's remote Ungava iron fields, as rich as and perhaps vaster than the once great Mesabi Range...
With the ready-to-assemble equipment for a cement factory and a steel forging plant in her hold, the 1,275-ton Honduran freighter Omar Babun steamed out of Philadelphia one day last May on a coastwise voyage to Havana. Off the Carolina coast, the Babun ran into a full gale. Her cargo shook loose, tearing away the deck supports and ripping her hull. Captain José Villa ordered the ship beached on the desolate Outer Banks, 25 miles above Cape Hatteras. That night Captain Villa and his crew were taken off on a Coast Guard lifeline, and the Babun...
When he heard about the Omar Babun, Canipe drove 200 miles to the scene to have a look. After flying over the stricken freighter in a chartered plane and inspecting her from close range, Canipe disagreed with the experts. He flew to New York City, bought the hull for $3,500 and signed an agreement with the insurance companies: he would get 30% of the value of any cargo that he might manage to recover. Then he hurried back to the Babun, got to work. With an assault team of five men from his shop and a crew...
...queens builds her nest in the hold of a freighter, but is destroyed when the ship is sunk by naval gunfire. When the other and her brood are traced to the 700 miles of sewer conduit that crisscross beneath metropolitan Los Angeles, martial law is declared, and a jeep-borne army contingent roars in to wipe the things...
...Golden Bear, a 546-ft.. 22.500-ton Mariner-class freighter, is the first major private vessel built on the West Coast in 25 years. The launching was also a high watermark for Pacific Far East Lines: though only eight years old. Pacific Far East has already passed American President Lines as the largest U.S. flag line on routes from Los Angeles and San Francisco to the Far East...