Word: meridor
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Dates: during 1973-1973
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...late 1940s, Mila Brener and Ya'acov Meridor would have seemed the least likely candidates imaginable for the job of rescuing the sinking British shipbuilding industry. Both men were then Zionists fighting British forces in Palestine-the Russian-born Brener as skipper of a blockade-busting refugee ship, the Polish-born Meridor as deputy commander of the bomb-wielding Irgun underground and sometime inmate of British prison camps in Kenya and Eritrea. But last week, Brener and Meridor's little-known Haifa-based firm, Maritime Fruit Carriers, completed placement of roughly $700 million in orders and options...
...they do with the rest of their fleet of 48 ships, the two Israelis hope to sell 70% to 80% shares in the tankers to other shippers-who, they believe, will be eager to invest. Meridor and Brener expect that the world energy shortage will more than double demand for supertankers over the next decade, and they foresee soaring construction costs for shippers who try to build their own vessels...
Cost-Cutting. Shrewd timing has characterized Maritime's operations since its inception. In 1953, Brener foresaw the need for fast, modern, refrigerated ships known as "reefers." Meridor, a confident entrepreneur and ex-member of Israel's Parliament, was impressed, but the two moved cautiously, acquiring their first reefer in 1960 and building up an "intelligence network"-a staff of 40 researchers who keep track of world shipping needs and who have predicted temporary declines in shipyard activity. The moment to build at relatively low cost came in June 1963, and the partners ordered from Norway four reefers that...