Word: shippingmen
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...more modern ships onto the world's busiest inland waterway, clip the Duluth-Cleveland voyage from seven days to five, cut lake shipping costs by 15? to 18? a ton, save shippers $10 million a year. It will also unlock the lakes for large-scale foreign trade. Some shippingmen predict that by 1965 Great Lakes-overseas traffic will go up tenfold, and the U.S. St. Lawrence Seaway Development Corp. optimistically forecasts that the seaway will pass 52 minion tons of cargo a year...
Ever since Aristotle Socrates Onassis signed an agreement with King Saud Ibn Abdul Aziz to form a company for shipping Saudi Arabian oil (TIME, Feb. 22), the Greek-born tanker tycoon has found his scuppers awash with criticism. Other shippingmen attacked the deal as a step toward monopolizing the shipment of Saudi Arabian oil;* the British and U.S. Governments both protested to Saudi Arabia that the deal would squeeze out shipping companies now carrying the oil. And Arabian American Oil Co. (Aramco) complained that its interests as a producer were endangered...
...their "tsar." With power to go through members' books to see that tariffs are being adhered to, he will rule the Conference with the same undisputed power that its captains have at sea. While the choice must be ratified at the Conference's meeting abroad next week, shippingmen felt there was little doubt that it will go through, less doubt that Wilhelm Cuno, onetime Chancellor of Germany and head of Hamburg-American Line, will grant Mr. Lederer leave of absence from his post as head of the passenger department...
...been bought from Transmarine Line for $400,000. Transmarine is a subsidiary of Submarine Boat Corp. which was formed in 1915, made money during the War, made its permanent dive into the sea of losses in 1925. In 1929 Submarine Boat, still submerged in losses, crashed into a receivership. Shippingmen thought it unlikely that the Dollar Line would place Transmarine's vessels back in the well-served intercoastal route from which they were withdrawn in 1928. At present the Transmarine fleet is anchored at Port Newark...
...built ships of their type; 2) Minnetonka and Minnewaska of Atlantic Transport Lines; 3) Belgenland, largest in the Red Star Service. Another important I. M. M. unit is the Frederick Leyland Line, sailing between European, Central and North American and West Indies ports. Although no plans have been announced, shippingmen expect Roosevelt Lines to place more ships under the U. S. flag...