Word: sailing
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Though the crisis was over, oil companies still faced continuing costly problems. The closing of the Suez Canal not only forces tankers to sail 4,700 miles farther around the Cape of Good Hope to European markets but has also caused such a price-boosting scramble to charter additional ships that the cost of hauling crude oil from the Persian Gulf to Rotterdam has jumped from $2.90 to $18.60 a ton. Salvage experts figure that the handful of scuttled ships blocking the waterway could be cleared away in a month, but silting from its sandy banks may require fresh dredging...
Luff, the forward edge of the sail...
...moved up to the Juniors in 1937 and took that national title two years later. "It was obvious from the start," says his father, now 70, "that Bus had what it takes to be a great sailor." When he was only 16, Cornelius ("Corny") Shields asked him to sail on his Interna tional Dinghy team-a high honor, indeed, coming from the famous "Grey Fox" of U.S. yachting (TIME cover, July 27, 1953). But Emil Sr. felt Bus still had lots to learn. "The thing that made me mad was his extreme conserva tism-especially with money. I remember once...
...have a little competition from Susan. She was an International-class sloop that Bus sailed in 1950-thereby launching one of the most phenomenal winning streaks in U.S. yachting history. The International skippers whom Bus took on that summer were the elite of U.S. racing: Arthur Knapp, regarded as the best sailor to windward in the business; Bill Luders, a topnotch helmsman and naval architect; and Shields-the very man who had introduced the International to the U.S. 14 years before.-Bus beat them all-that year, the next, the next, the next, the next, the next, the next...
...skeg, or "kicker," an extension of the keel that is supposed to cut down wave turbulence and make her faster yet. But all that is underwater. What shows above the wa ter line is pretty radical too: a broken-nosed bow, a titanium-tipped mast, a $22,000 sail inventory that includes a 2,200-sq.-ft. nylon spinnaker that weighs barely 15.8 Ibs.-plus the most of Bus Mosbacher, but only bits of anybody else...