Word: pao
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Everyone knows who are the world's biggest, cleverest and richest shipowners. They are the Golden Greeks, led by those indefatigable headliners, Ari Onassis and Stavros Niarchos-right? Maybe, but someone is right in the same league. A scarcely known shipowner from Hong Kong named Y.K. Pao may soon become the largest of them...
Beginning in 1955 with an aging tramp steamer, Pao has built a fleet of 3.5 million tons, most of it in ultramodern supertankers and bulk carriers. By comparison, Niarchos controls 3.4 million tons and Onassis 4.3 million. Pao's navy has the distinct advantage of being practically brand new. But by early 1975, when some $800 million in new ships that he has already ordered are delivered, the Pao armada will total about 10 million tons. With an average age of less than 3.5 years, it will be the largest and newest private fleet on the seas...
...America is primarily involved in flying supplies to the CIA's guerrilla army, the Clandestine Army of Meo tribesmen led by General Vang Pao. Recently, due to expanded CIA operations, Continental Air Services, a division of Continental Airways, has also been flying supplies...
...position was in part conditioned by the attitude taken by Meo General Vang Pao, who controls most of the Armee Clandestine's forces. Vang Pao is generally reluctant to launch offensives unless they are preceded by massive American bombing. He is well known in Laos for his periodic retreats to his base at Long Cheng, where he is said to sulk until his requests are granted. The need to keep Vang Pao fighting had much to do with the CIA's hard line on the bombing...
...made the most of it. Moving quickly, they captured Muong Phalane, routed government troops from Muong Suoi on the edge of the Plain of Jars, began to encircle Luang Prabang, the royal capital, then marched on Long Cheng, site of a large CIA base and headquarters of General Vang Pao's weary army of Meo Special Forces. In the south the Bolovens Plateau was under particular pressure. Communist troops, in the words of a U.S. official in Vientiane, have been "oozing westward" in recent weeks, increasing their force level from nine battalions to 13 or 14. A South Vietnamese drive...