Word: port
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Dates: during 1970-1979
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...company's moves have to be explained to a wary public. Jamieson complains that he is often approached by people asking about rumors of tankers riding at anchor offshore, waiting for prices to go up before unloading. Says Jamieson: "We took the trouble of going to the port captain of New York Harbor and asking if he could give us the facts. He said that the ships lined up offshore were container ships, not tankers, and that the problem arose because of bad weather...
...also the oil money flowing into the Arab world in rapidly increasing amounts. Foreign capital is being enticed by such moves as Sadat's recent decision to sign a World Bank agreement that protects foreign investors against losses from nationalization. Plans have been drawn up to turn Port Said into a free-trade zone and make it "the Hong Kong of the West." Cairenes, accustomed to seeing photographs of their President posing with visiting Arab and Soviet politicians, were astonished last week to see him greeting Chase Manhattan Bank Chairman David Rockefeller, in Cairo to execute an $80 million...
Speaking for Exxon, I can say that we most certainly and emphatically have not done this. At any given time, the number of our tankers waiting to unload has not exceeded the number we would have expected from historical experience. While I cannot speak for other oil companies, the port captain of New York Harbor is on record as having said that the alleged tankers waiting offshore, about which we have heard so much, were in fact not tankers at all; they were container ships, and the pile-up was due to bad weather...
Curious Booty. Two miles north of Port Taufiq, we crossed the canal on a barge to join the Third Army on the east bank. On a broad sandy plain, a curious collection had been assembled. To the rear, in a 100-yard semicircle, were arranged captured Israeli tanks, guns, missiles, shells and even the wreckage of a Phantom jet. In the center of the semicircle a white monument had been erected honoring the men who died during the Israeli siege of the army. In between booty and monument, officers and men representing all units of the Third Army were drawn...
Sanders played his collegiate basketball at NYU and grew up on 116th Street and Sixth Ave. in New York. Lou Silver (Merrick, N.Y.), Arnie Needleman (Wantagh, N.Y.), Ken Wolfe (Brooklyn, N.Y.) and Mike Griffin (Port Washington, N.Y.) are no strangers to the bright lights of the Big Apple...