Word: harima
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Japan's new generation of tankers is getting too big for its berths. The world's latest heavyweight champion of the seas, a 276,000-ton ship built by Ishikawajima-Harima Heavy Industries Co. (IHI), last week had to be eased prematurely down the ways in Yokohama with upper portions of her towering hull unfinished. When completed, the new tanker, made in Japan for the U.S.'s National Bulk Carriers, Inc., will pack an incredible 2.2 million barrels of crude oil on her route from the Persian Gulf to Ireland, via the Cape of Good Hope...
...ship, built by Ishikawajima-Harima for the U.S.'s Caltex Corp. at a cost of $12 million, is notable for more than its size. Its valves, pumps and winches are so automated that the giant vessel requires only a 29-man crew. Its construction, from keel laying to launching, was accomplished in an extraordinarily speedy 140 days...
Understandably, the Japanese are risking only small amounts in fledgling economies, but the lure is irresistible. Ishikawajima-Harima Heavy Industries, Japan's largest shipbuilder, is putting an initial $1,500,000 into a shipyard in Singapore, has joined in a $2,000,000 cement plant in Malaya. Yawata Iron & Steel...