Word: steamships
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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...
Last year some 40 West German steamship companies got together to underwrite the costs of operating the veteran windjammers Passat and Pamir as training ships for future officers. So many youths crowded the offices to apply for berths that four out of five were turned away...
Last year eight times as many Americans (255,000) visited the British Isles as Britons visited the U.S. One of the reasons: the dollar-short British Treasury limited British travelers to $28 a year for all expenses in the U.S. and Canada, beyond the steamship or plane tickets they could purchase with sterling. Last week, recognizing that restrictions "have erected an unnatural barrier between the English-speaking peoples," Chancellor of the Exchequer Peter Thorneycroft increased travelers' allowances to ?100 (U.S. $280) a year in dollars in the U.S. and Canada, and increased businessmen's expense allowances...
...FREIGHTER-BUILDING program will be subsidized by Government. Maritime Administration is negotiating to replace entire 54-ship fleet of Lykes Bros. Steamship Co. with fast (18 knots) freighters that could be used in national emergency. Deal calls for up to 53 dry-cargo ships to be built in private yards over 20 years with Government paying half of the estimated $500 million cost...
Last year Nantucket taxpayers had to make up about $44,000 of the Authority's operating deficit, and although Mooney said taxes were still "low for Massachusetts," increased costs threaten to raise the rates. The new representative said he will seek state funds on the grounds that the Steamship Line is "Nantucket's road to the mainland," and that the state should help maintain roads...