Word: tankerous
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Dates: during 1950-1959
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...that Nasser's figures were wrong: the Suez Canal's net profit last year was $30.5 million. To clear $100 million a year, Nasser would have to more than double its already-steep tolls (about $8,000 one way for a laden 16,600-ton T-2 tanker...
stack of overnight cables, dictated answers involving millions of dollars. One day last week, in a radio message to his London office. Niarchos approved final specifications for a new 32,650-ton tanker (cost: more than $10 million...
...years ago the largest tankers plying the seas were 18,500-tonners. Last week Shipowner Aristotle Socrates Onassis', who operates under five flags, confirmed plans to build a 100,500-tonners more than twice as big as the largest existing tanker, the 7,750-tonners owned by his brother-in-law, Stavros Niarchos. Onassis' 135-ft.-wide, 935-ft. long ship would cruise at 16 knots, carry a crew of 70. It probably will be built by Bethlehem Steel Corp.'s Shipbuilding Division at Quincy, Mass. Along with the supertanker, Tycoon Onassis' also plans three smaller...
...usual, Onassis' scheme had a canny angle. In return for building the new tankers in the U.S., he wanted permission from the Government to transfer ten of his war-surplus tankers plus another vessel, most of them bought from the U.S., to foreign registry. Running under foreign regulations and paying low foreign wage rates automatically reduces operating costs by as much as 50%, and increases the value of each tanker by approximately...
...Pointe aux Trembles on Montreal Island last week, Petrofina opened a new $30 million refinery, designed by Belgian Engineer Baron Prosper de Haulleville. The plant will give year-round service to the company's Eastern Canada outlets. Crude oil will be carried by tanker from Petrofina wells in Kuwait, fed into a pipeline at Portland, Me., then piped more than 200 miles to Montreal so that the flow can be maintained even when the St. Lawrence River is frozen over. Later, Petrofina plans to branch out to Western Canada and eventually to have service stations from coast to coast...