Word: hamburged
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Tired Restaurateurs. Last week hope bloomed in Hamburg. Lord Mayor Max Brauer was home from a six-week visit to the U.S., where he had seen Secretary of State Dean Acheson and talked with investment bankers. "From all I could gather," he told fellow Hamburgers, "restrictions on German shipbuilding will be lifted very soon, certainly...
...shipping, Hamburg got most of its business not from Germany (whose trade moved largely elsewhere, such as in the Rhine River system), but from the vast hinterland of Eastern Europe, via the Elbe. As far as its old trade is concerned, Hamburg is now on the wrong side of the Iron Curtain. Even if Hamburg had its old cargo to work, it lacks ships. The Potsdam Agreement took many of Germany's remaining ships as reparations...
...Hamburg-Amerika Line has been paying pensions to 2,000 of its old employees. To keep going, the line has resorted to all kinds of makeshifts-it tied the bombed passenger-freighter St. Louis to a dock, ran it as a restaurant-hotel. It has also been operating a mail-order agency, a resort hotel, an insurance company and a fleet of harbor tugs...
Shipbuilding, the other half of Hamburg's prosperity, was also flattened by the war. The mammoth Blohm & Voss shipyards were carted away as reparations after 1945. Today the remaining yards have a capacity of 70,000 tons (those of all other German ports combined, 60,000 tons), but there is little solid business...
...once, Germany's great wounded port stirred to new life and spirit. Some 65,000 shipyard workers might get jobs. Ship operators snapped out of their sulks, began buying old freighters and drafting blueprints for new ones. First construction job: Hamburg Orient Line ordered six small freighters for Middle East runs...