Word: haulings
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...hulls. Though they are busily expanding capacity to handle the boom, some shipyards cannot promise delivery before 1962. Anticipating a continued upsurge in world trade (which has already soared 50% since 1948). shipowners are ordering giant new ore carriers, combination ore-petroleum ships, roll-on, roll-off carriers to haul loaded trucks and vans, fast new freighters to slake the world's impatient thirst for machinery and steel, coal, wheat, and other basic raw materials that must be hauled from the ends of the earth (see color pages). Most of all, shipowners are clamoring for tankers. Though the world...
...European refineries, but have proved their economy as well: they can haul oil halfway around the world for 3? a gallon, less than the prewar cost. Reason: a 50,000-tonner carries few more crewmen than a 16,600 wartime T-2 tanker, gets more speed, thanks to better hull design, for every unit of horsepower...
...Universe Leader will go down the ways at Kure, Japan, where Ludwig has turned out more than half a million tons of shipping since he leased the former Imperial Navy Yard in 1951. Six feet wider than the Queen Elizabeth, the Universe Leader will be able to haul more than enough gasoline in one trip to fill the tanks of every General Motors car produced in the first six months...
...Flags of Convenience." Niarchos is able to haul oil cheaper than U.S. producers can in their own tankers and pile up fabulous profits because, like most independents, he whittles operating costs to the bone, runs all but a few of his ships under "flags of convenience." Registered by mail order in Panama or Liberia, the ships pay only nominal taxes,* e.g., 10? a ton yearly, employ nonunion crews and are unlikely ever to be seized for defense reasons. Niarchos, in addition, pays no corporate taxes on most of his profits. These are considerations which no banker can afford to overlook...
Washington's generous Hostess-with-Mostes' Perle Mesta was sued by a former niece-in-law, Mrs. Idel Tyson (now divorced from Perle's nephew). The charge: Perle had helped haul off $8,700 worth of household goods from Idel's Washington apartment while Idel was off in Europe...