Word: tankerful
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Daniel K. Ludwig is an American shipowner whose tanker fleets outrival the golden Greeks'. Six weeks ago, Correspondent Dudley Doust got interested in Ludwig's oil refinery and orange groves in Panama, then our man in Miami picked up Ludwig's trail, and last week Ludwig invested $100.5 million in Union Oil. Everywhere TIME asked, Ludwig was reported somewhere else. But by simultaneously interviewing business acquaintances and assistants and others in Wall Street, London, Washington, Miami and places west, we are able to tell more about one of the world's most powerful businessmen than anyone...
When Steve left a year later, it was the end of his formal education. He shipped out on an oil tanker, worked in lumber camps, did a tour in the Marine Corps, worked as a sandalmaker, a delivery boy and as a carny huckster. "We were selling these ballpoint pens," he says, "and man, they were worth like 160 apiece. And we were sellin' them for a buck. It was a full scam...
...Last week, acting on information provided by the U.S., British authorities in the Bahamas seized a 35-ft. raider boat named Violynn III. The crew of 17 had been bound on a mission to land arms on the coast of Cuba; then they intended to seek out a Russian tanker and attack it with 20-mm. incendiary and explosive shells...
...Beaumont, Texas, last week a U.S. Coast Guard board of inquiry sought to solve the mystery of the Marine Sulphur Queen. A 523-ft. converted tanker, the Queen left Beaumont on Feb. 2, bound for Norfolk and points north, with a full cargo of molten sulphur. The ship's last radio report, on Feb. 3, placed it 230 miles southeast of New Orleans. Two weeks later, pieces of a raft, a life vest, a broken oar washed up on Florida beaches. There had been no S 0 S, no warning of trouble. The Sulphur Queen and its crew...
...ugly wall is not the only barrier that Communism's inmates try to breach. Soviet authorities are concerned at the increasing number of Soviet youths trying to sneak illegally out of Russia itself. Recently two young Russians tried to leave the country by swimming out to a foreign tanker in the Black Sea port of Batum; they were picked up by a Soviet harbor patrol boat. One was sentenced to six years in prison, the other to ten. One of the men, said Soviet officials, had been influenced by modern, Western-style poetry-"bad verse that had been rejected...