Word: shipyards
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...dodged newsmen in The Netherlands, Henry Ford II, 45, must have had something big in the works. A new auto design for Europe? Nope. A new yacht for Ford? Yes! Under construction at a Hague shipyard, the 100-ft. yacht has twin diesels for 18-knot cruising speed, a saltwater conversion plant, sumptuous guest cabins, and a master's suite with an Italian terrazzo-tile bath fitted with gold taps. Rumored cost: close to $700,000. "If one of my friends gets details about this boat," Ford told his builders, "he'll immediately order a bigger, faster, more...
Understandably, the Japanese are risking only small amounts in fledgling economies, but the lure is irresistible. Ishikawajima-Harima Heavy Industries, Japan's largest shipbuilder, is putting an initial $1,500,000 into a shipyard in Singapore, has joined in a $2,000,000 cement plant in Malaya. Yawata Iron & Steel...
...affluent Britain, unemployment is even harder to take than it was in Depression days, when hardship was the rule rather than the exception. "Today," says Joe Dyson, a Hartlepool shipyard plater, "we have been leading different lives, with nice little homes and little luxuries. A man on the dole now has more to lose than he ever owned...
...Eyebrows rose all across Japan six years ago when Yonejiro Mori resigned as managing director of giant Mitsubishi Shipbuilding to take command of Sasebo Heavy Industries Co., a smaller shipyard that seemed to be limping toward bankruptcy. But to Mori, who at 63 still retains the spirit he developed as a college oarsman, Sasebo represented an irresistible "sporting challenge." Firing up Sasebo's workers with daily pep talks, he diversified the company into diesel engines, bridges and steel tanks. He capitalized aggressively on the demand for supertankers created by the 1956 Suez crisis. Last July, Sasebo launched the world...
...million; of a heart attack; in Houston. Brown & Root's most recent spectacular is a $30 million Mohole contract to drill into the earth's core, but Brown's greatest source of pride was a 1942 U.S. Navy contract to build and operate a shipyard, deliver a specified number of ships by a specified date. Brown & Root had never built a ship, but the company met its schedule...