Word: salen
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Dates: during 1970-1979
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...deliver twice as much fruit each season as conventional ships. These "core class" reefers-designed by Israeli engineers and largely financed by government-guaranteed loans-eventually grew into an armada that by 1971 totaled 36. All were then leased to Maritime's main competitor, Sweden's Salen, for $500 million. The agreement gives the two firms control of more than half the world's privately owned refrigerated ships...