Word: isbrandtsen
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...love of old ships and the gritty charm of old buildings and streets, they began a unique route to urban renewal. The first step, in 1967, was the establishment of the South Street Seaport Museum, led by Advertising Executive Peter Stanford, and supported by Shipping Magnate Jakob Isbrandtsen. The pooling of resources from the private sector helped make the institution more than a collection of artifacts. Among the principal contributors: Laurance Rockefeller, the Astor Foundation, RCA, Exxon and Time Inc. The museum, now headed by Christopher Lowery, began to acquire ancient real estate along with old vessels and naval paraphernalia...
Many shipowners agree with President Manuel Diaz of American Export Isbrandtsen Lines that the Soviet fleet is a "very real threat." Since the Soviet government need not show a profit on its ships, goes the argument, Communist ships could easily cut rates and drive free-world ships out of business. For their part, the Russians say that they are anxious to join the rate-setting conferences that they once condemned as "capitalist cartels." "I see no reason why we should not operate like other shipping men," says George Maslov, London-based boss of Russia's Anglo-Soviet Shipping...
Continental Breakfast. Escorted by tough riot police of Beirut's red-bereted "Squad 16," the Americans boarded Pan American and Middle East Airlines charter jets, soon were winging for Rome, Athens, Frankfurt, Istanbul, Ankara, and Nicosia on Cyprus. Others made it aboard the American Export Isbrandtsen freighter Exilona for a leisurely, sun-drenched cruise to the Cypriot port of Famagusta...
...Atlantic to Antwerp with that ocean's first regularly scheduled commercial container cargo. In mid-March, U.S. Lines will begin weekly sailings from New York to Europe with the first of four vessels specially fitted to stack containers in their holds like bricks in a wall. American Export Isbrandtsen Lines is converting two ore carriers for container service. San Francisco-based American President Lines last week announced plans to switch nearly all of its transpacific freighter service to container ships...
...companies have been bankrupted. Eleven firms controlled by De Angelis have gone under, as have two respected Wall Street brokerage houses and one subsidiary of American Express Co. Embarrassed bankers from London to San Francisco have been taken for many millions. So have De Angelis' customers, notably the Isbrandtsen Shipping Line, and such worldwide commodities dealers as Continental Grain Co. and the Bunge Corp...