Word: niarchoses
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Disenchanted Argonaut. The would-be buyers, negotiating back in Manhattan, are big men themselves. They are mostly onetime U.S. Defense Department officials who in 1958 bought out the New York-based Marine Transport Lines, which is bidding for the Niarchos fleet and is anxious to keep it out of foreign...
In the Greek port of Piraeus, three U.S. shipping experts this week will begin looking over a private fleet that has five times as much tonnage as the French navy. One by one, 63 black-bottomed tankers and freighters will be diverted from their runs over all the oceans and...
The sale, which has been long in coming (TIME, Oct. 9), is the result of Niarchos' growing disenchantment with his argonaut's role. The world has become all too stable for him: there has been no Korean or Suez crisis lately to drive up oil prices and tanker...
Optimistic Competitors. But Marine Transport figures that it can make money in the world's biggest floating crap game. Being an American firm, it will escape the anti-Niarchos sentiment, but can collect the low-tax, low-wage benefits that Niarchos already enjoys by keeping most of his ships...
Even so, a number of shipowners, including New York-based Marine Transport Lines, were interested enough to have begun serious negotiations. Niarchos bided his time at his St. Moritz chalet after a rousing hunting trip in the forests of Austria.