Word: shipyard
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Many shippers and builders have already sailed over the edge, or come close. The U.S., which had about 20 general cargo ship lines in 1970, now has only seven. This month the Swedish government announced plans to close the country's last major commercial shipyard, Kockums, located in the southwestern port of Malmo. Thage Peterson, Sweden's Industry Minister, said the government has pumped $4.7 billion into the shipbuilding industry over the past decade, but finally decided to end the Kockums subsidies because the firm had received no new orders in more than two years. In Hong Kong, the Tung...
...inserted last month in the retired admiral's record, indicated that Rickover's take was more substantial. Last week the Navy released a 32-page report listing $68,703 worth of gifts that Rickover accepted over the years, and in some cases demanded, from General Dynamics, whose Electric Boat shipyard in Connecticut was a principal Navy contractor. Included were diamond earrings and a jade pendant (combined value: $1,125), cleaning bills for the admiral's suits ($1,871), chauffeur charges for 504 separate trips ($16,200) and food and other amenities amounting to $12,000, including such oddities...
...boats. The company contended that costs ballooned primarily because of design changes imposed by the Navy. But Veliotis says that most of the changes were requested by the company and that gross mismanagement was the real culprit. When he took over Electric Boat in 1977, he found the shipyard to be plagued by poor supervision, sluggish productivity and chronic absenteeism...
...Veliotis may be more imprisoned by his obsession with General Dynamics. The son of a Greek shipowner, he was president of a Canadian shipbuilding company before joining General Dynamics in 1973 as head of its Quincy, Mass., shipyard. Rising quickly, he was appointed head of the problem-plagued Electric Boat division in 1977. He fired more than 3,000 workers at the Groton, Conn., yard within weeks of becoming boss, then went on to oversee the building of the first Trident submarine. Veliotis claims that David Lewis, General Dynamics' chairman and chief executive officer, promised to step aside and give...
...peasant who began his career as an agronomist and ended up as a master of the diplomatic arts. Another is a former shipyard engineer with a reputation for rudeness and arrogance. A third is a tough fighter against corruption who once reportedly fell into disfavor and was sent packing to Cuba as Ambassador. And the fourth is a former KGB chief from the Muslim south. This is the quartet of crucial players who will determine how smoothly and how quickly Mikhail Gorbachev will be able to accumulate power...