Word: seaway
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Suez, of course, built the Suez Canal, but after the seaway was nationalized by Egypt in 1956, the company became largely a financial operator. It was nationalized in turn by the Socialist government of François Mitterrand in 1982, a disastrous move that was reversed in 1987, one year before the company got a big piece of Belgium's electricity industry through a merger with the Société Générale de Belgique. Lyonnaise, for its part, had been shorn of its gas and electricity assets by France's nationalization efforts in 1946. The two merged completely...
Triceratopses can be had cheap hereabouts. Horner picks his way through the litter ("Rib city," he remarks, dismissively) with an eye for the shape of the land as it was in the Cretaceous, when rivers from the Rockies flowed through eastern Montana into a vast central seaway. At one point he kneels and works at some potentially good thing with a car mechanic's gasket scraper, then sweeps off the debris with a whisk broom. A visitor asks what he has found. "I haven't got a clue," he says, wrapping the pieces of bone in toilet paper. "That...
...mishap could not have come at a worse time for grain exporters. Their shipping season ends Dec. 16, shortly before the seaway freezes up, although on occasion the seaway has been kept open an extra week or two when weather permitted. For Thunder Bay, Ont., the world's largest grain-exporting port, a lengthy shutdown could imperil the delivery of 6 million tons of Canadian wheat and animal feed bound for the Soviet Union. At the port of Milwaukee, ( 20,000 tons of food destined for famine victims in Africa and India last week sat piled up on the docks...
Canada, which runs the seaway with the U.S., was blamed by some port directors for failing to maintain its side of the aging system. Opened in 1959 by President Eisenhower, who hailed it as an economic boon for the region, the seaway links the Atlantic Ocean, the St. Lawrence River and Lake Ontario to the rest of the Great Lakes. The seaway experienced a first catastrophe last year, when a lift bridge at Valleyfield, Que., jammed. That caused an 18-day shutdown and cost shippers more than $40 million in lost business. At an Ottawa press conference last week, William...
...retaining wall, and engineers assessed the damage. Authorities said that repairs could take between three and four weeks. Owners lose between $5,000 and $20,000 a day operating idle, loaded vessels, and some of them began furloughing crews and tying up their ships. Meanwhile, port directors feared that seaway customers might switch to East Coast and Gulf ports in the future. Said Duluth, Minn., Port Director Davis Halberg: "With bad problems two years in a row, it looks like we're going to have to resell the seaway to shippers all over again. That may not be easy...