Word: onassisism
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He is the leader of a new band of Argonauts who have given the shipping world a new term: "the Greeks," meaning the independent shipowners of whatever nationality who have sailed on the crest of the postwar shipping boom. Customarily included among "the Greeks" is Midwestern-born Daniel K. Ludwig...
Niarchos, building ever bigger ships, by 1951 claimed the world's biggest tanker: the 31,745-ton World Unity. Supertankers kept right on growing; by 1954 the biggest tanker was Niarchos' 45,509-ton World Glory. Two years ago Onassis took the title with his 46,500-ton...
The Casey Case. The ship-buying tactics of Niarchos and brother-in-law Onassis were blown out into the open when Congress started a stem-to-stern investigation of the immense profits that were made on war surplus ship sales. A congressional committee found that Massachusetts' former Representative Joseph...
As usual, Onassis' scheme had a canny angle. In return for building the new tankers in the U.S., he wanted permission from the Government to transfer ten of his war-surplus tankers plus another vessel, most of them bought from the U.S., to foreign registry. Running under foreign regulations...
Last week the Federal Maritime Board approved the "trade-out and build" scheme "in principle," as it has with other shipowners. It was now up to Onassis' to take the next steps and complete the deal. He had 90 days to prove ability to finance the colossal plan and...