Word: steamship
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Dates: during 1940-1949
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Last week the Maritime Commission permitted Shipper Farley, now executive committee chairman of unsubsidized American-Hawaiian Steamship Co., to put his lesson into practice. For a fat $1,600,000, he sold four of his tired old (20-21 years) tubs to Great Britain, which needs cargo ships to transport war supplies. This gave Mr. Farley cash in the bank with which to begin replacing his fleet of 34 ships (average age: 23 years), if he wants to. His four old ships, out of service until the war boom, netted him the fancy price...
...Fortnight ago Lykes Bros. Steamship Co. sold two cargo ships, aggregating about 19,000 deadweight tons to Great Britain. Of its 52 vessels, 14 are under charter to Chilean Nitrate Sales Corp., carrying the raw material for explosives and fertilizer to the U. S., Hawaii and Japan...
...Nazi air bombs made five direct hits on the British steamship Keynes in the North Sea, sent her down. German airmen claimed seven other sinkings...
...steamship brokers lately received a circular letter from one August Bolten, marine agent of Hamburg, Germany, calmly offering for charter or sale a dozen Nazi ships tied up in Western Hemisphere ports since war began. Herr Bolten said that these ships were available for "cash in U. S. dollars or other first-class neutral value." He found no quick takers in Manhattan, where idle U. S. tonnage was still seeking employment, and where everyone is well aware that the Allies will not recognize any shifts of nationality made by German ships after Sept...