Word: shippings
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Dates: during 1950-1959
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...race is far from over. Niarchos who has two 65,000-tonners on order in Germany and is planning a third in the U.S., will launch the sister ship of the Spyros Niarchos next week in England...
...Nagasaki, slipways are jammed with new hulls. Though they are busily expanding capacity to handle the boom, some shipyards cannot promise delivery before 1962. Anticipating a continued upsurge in world trade (which has already soared 50% since 1948). shipowners are ordering giant new ore carriers, combination ore-petroleum ships, roll-on, roll-off carriers to haul loaded trucks and vans, fast new freighters to slake the world's impatient thirst for machinery and steel, coal, wheat, and other basic raw materials that must be hauled from the ends of the earth (see color pages). Most of all, shipowners...
...Casey Case. The ship-buying tactics of Niarchos and brother-in-law Onassis were blown out into the open when Congress started a stem-to-stern investigation of the immense profits that were made on war surplus ship sales. A congressional committee found that Massachusetts' former Representative Joseph E. Casey had joined the late, onetime Secretary of State Edward R. Stettinius Jr. and others in 1947 in what seemed like a surefire venture. Tankers were then in such demand that it was possible to make a down payment on a war surplus T2, get a charter from...
...Atomic Ship. The shipping industry is already responding to the supertanker success formula: the bigger and faster the ship, the fatter the profit. Aided by the biggest shipping subsidies in peacetime history, long-hungry U.S. shipyards are taking on more and more supership orders, and expect volume to increase. The Maritime Administration estimates that "block obsolescence" of war-built...
...shipowner keeps a closer watch on tomorrow than Stavros Niarchos. He is building four dry cargo ships against the day, some five years hence, when the last wartime freighters start vanishing from the seas. He is exploring the possibility of roll-on, roll-off ships, and has already ordered his first bulk carriers in Sweden. He is so impressed with the benefits of an atomic-powered ship that he recently told an aide: "Let's build one now!" The staffer finally convinced him that he was looking too far ahead...