Word: kure
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Dates: during 1960-1969
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...Hallmark. IHI is about to be come the world's No. 1 shipbuilder, a title that eluded it last year when another Japanese firm, Mitsubishi Heavy Industries, topped IHI's 1,600,000-gross-ton production by almost 100,000 tons. By absorbing Kure, a smaller shipbuilder near Hiroshima, next April, IHI will boost launchings to over 1,800,000 tons. Total sales for the fiscal year 1967 are estimated at $530 million, up from $484 million in fiscal 1966. Only about half is brought in by the ships; the rest comes from a wide range of heavy...
Imperial Japanese Navy shipyards at Kure at the incredible bargain rate of $8,400 a year, plus his promise to use Japanese steel and low-wage Japanese workers...
Wellhead to Pump. Always an innovator, Ludwig devised ways to spare dollars and swell loads by welding tankers instead of riveting them, launching them sideways, and using thinner decks. In all, Kure has built 2,200,000 tons of shipping for Ludwig, including the 114,500-ton supertanker Universe Apollo. When the tanker market became swamped, Ludwig last year subleased the yard, but Japanese aides still hold in awe the thrusting man who, as one says, "knew every detail and kept our brains spinning...