Word: piraeus
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...Olympic gold medalist yachtsman of six years ago, the third-place bronze seemed a bit small, as did the 19-ft. Lightning he raced in the European Lightning Sailing Championships in his own home waters off Piraeus. Tanned and smiling, Greece's King Constantine, 26, had a casual rationale for being that far behind: "I haven't been training in Lightnings for the last two years." Besides, the King of the Hellenes had the satisfaction of presenting the winner's silver cup to a countryman, George Andreadis. Later, Constantine exchanged his striped boating shirt and sneakers...
...Commander in Chief Maurice Sarrail of France was a political general who spent far more time intriguing to unseat Greece's King Constantine (who was married to the Kaiser's sister) than in mounting offensives. Sarrail did have one triumph: by wheeling up the French fleet before Piraeus, he forced Constantine's abdication...
...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 seas and pulled into dry-dock for the visitors to inspect. The inspectors have quite an assignment: to help bring off the largest ship purchase in history, a deal of $200 million or more. Up for sale was almost the entire armada of that hero of the modern Greek shipping legend, Stavros...
...more optimistic about the future of shipping than he is, now have $500 million worth of ships on order. Niarchos himself is building one new supertanker in France (not included in this deal), and he intends to devote more attention to his investments in aluminum, oil refining and the Piraeus shipyard...
...deadweight ton. Brokers complain that the price is outrageous, since brand-new ships can be built in Japan for that much or less and at least 15 of the Niarchos ships are considered out of date. Not included in the offer are the prospering Niarchos shipyards near Piraeus or any of his other worldwide investments in oil refineries and aluminum...