Word: shipyards
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...Wife Mamie Doud Eisenhower. In 1942 Moore entered the Army, rose from second lieutenant to lieutenant colonel in the Quartermaster Corps, returned to civilian life in 1951 "to make money." Occupation since then: a roving man-about-business. with varied interests in Carribbean green sugar, U.S. freight airlines, a shipyard in Dictator Rafael Trujillo's Dominican Republic, etc. Last week George Gordon Moore appeared voluntarily before the House subcommittee, made some of his financial records available, insisted convincingly that he had never used the Eisenhowers to help his business fortunes-"No. sir!" After getting a clean bill and friendly...
...biggest privately owned shipping fleet, is so publicity-shy that almost nobody knows what he is up to. But last week word came out of his modest Manhattan office that Ludwig was up to a great deal: one of the biggest private shipbuilding orders ever. Beginning next June, his shipyard division in Kure, Japan will start building five huge, 103,000-dead-weight-ton tankers, dwarfing Ludwig's 85,000-d.w.t. Universe Leader, world's biggest tanker, and boosting Ludwig's fleet to more than 3,000,000 deadweight tons by 1960. When the ships are launched...
...accidentally in 1926, Ludwig was nearly killed, his small company almost wrecked. But Ludwig recovered, raised credit to buy three more tankers, expanded his fleet further by chartering his tankers to oil and steel companies, borrowing against the charter to build or buy more tankers. He opened a shipyard in Norfolk, Va., built 18 more tankers, flourished mightily during and after World...
Today Ludwig is the sole owner of National Bulk Carriers, Inc., Universe Tankships, Inc., Seatankers, Inc., has a 58.7% interest in American-Hawaiian Steamship Co. To build ships for only $150 per d.w.t. (v. nearly $300 in the U.S.), he signed a lease on the old Imperial Japanese Navy shipyard in Kure in 1951 that runs to 1961, can be renewed to 1966. To fuel his fleet of more than 40 ships, which he sails with low-cost West Indian crews under the Liberian flag, Ludwig is building a 70,000-bbl.-a-day day refinery in Panama, also...
...three tense days, management all along Bilbao's dirty Nervion River industrial complex waited to see whether, as a result of these harsh moves, the unrest would spread. But the workers were unorganized and without strike funds. On the fourth day the shipyard posted a notice: "As of today, job applications will be considered." Berets in hand, the Basques meekly filed over the long concrete overpass that carried them from their grimy slum homes across the railroad tracks and into the shipyard again. Without yielding an inch, Franco had won, at least for now-even though the inflation...