Word: shipyard
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Some 500 curious oilmen gathered at Bethlehem Steel's Beaumont, Texas shipyard last week for the christening of an odd contraption called "Mr. Gus." Built at a cost of $3,500,000, the rig is a monster (4,000 tons) barge for drilling oil wells in the deep water of the Gulf of Mexico. It can operate in 100 ft. of water (v. 40 ft. for most other rigs), will triple the area that can be explored on the continental shelf off Texas and Louisiana. Mr. Gus was bought by (and named for) C. G. ("Gus") Glasscock...
SHIPBUILDING will get more help from the U.S. Navy, which has given Bethlehem Steel's Quincy, Mass, shipyard a contract to design a faster, larger (15,000 tons) supply ship that can keep pace with the faster U.S battle fleet...
...answer the SOS, the Maritime Board has just started a program which it hopes will replace at least 60 worn-out vessels each year and boost shipyard employment from a low of 20,000 to a steady 36,000 men. The board first-year goal, as approved by Congress for fiscal 1955; a total outlay of $401 million in both Government subsidies and private funds to build, modernize, and repair 99 ships in U.S. shipyards. In its overall purpose, the new program is little different from the many ship-subsidy programs that the Government has launched since the basic Merchant...
...Bethlehem Steel's San Francisco shipyard, dungareed workmen bustled about under a towering new ship, greasing ways and loosening chocks. Then, as a whistle signaled, a bottle of California champagne was smashed against the be-flagged ship's bow, and the Pacific Far East Lines's S.S. Golden Bear slid smoothly into...
Aristotle Socrates Onassis, who added the world's biggest tanker to his 100-ship fleet only two weeks ago (TIME, June 14), is not the man to let barnacles grow. Last week, out from a Kiel shipyard for a trial run with Onassis on board sailed his new yacht, probably the fanciest private ship afloat. Called the Christina (after his wife), Onassis' floating palace is a 1,445-ton, 303-ft. Canadian destroyer escort (Stormont) rebuilt into a yacht at an estimated cost of $2,500,000. In the afterdeck is a marble swimming pool, with a mosaic...