Word: tankerous
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Dates: during 1950-1959
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...TANKER BOOM will push U.S. shipyards to new peacetime record this year despite cut-rate foreign competition, post-Suez shipping slump. Domestic shipyards have 99 merchant vessels grossing 2,316,572 tons under construction or on order, v. 44 ships totaling 729,660 tons at this time last year. Of the total, 82 vessels (2,118,672 tons) are tankers...
...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, they will put him ahead of Stavros Niarchos as the world's No. 1 independent shipowner...
Skipper Ludwig, a long, lean, lone-wolf operator who speaks softly and seldom, sailed to his riches through heavy seas. Born in South Haven, Mich., he started as a marine engine mechanic in his teens. At 27 he bought a small surplus oil tanker for use in the East Coast trade. When it blew up 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...
...Force Lieut. Colonel Robert R. Scott in a Republic F-84F jet. A pathfinder jet kept Glenn alerted to weather ahead. Three times-near Albuquerque, Olathe, Kans. and Indianapolis-he descended to 25,000 ft. to take aboard about 1,300 gallons of fuel from Navy tanker planes. He finally landed at the Navy's Floyd Bennett Field in Brooklyn with about 40 gallons-"enough," he reported, "to circle the field once." Promptly rewarded with his fourth Distinguished Flying Cross (he earned two D.F.C.s in World War II, another in Korea), Record-Breaker Glenn grinned: "Everything went smooth...
SHIPPING TROUBLES are fast knocking U.S. out of its postwar role as world's No. 1 oil tanker operator. To avoid high costs at home, American shipowners register so many new vessels under foreign flags that U.S.-flag fleet now totals only 19% of free world tanker tonnage v. 60% in 1945. U.S. will fall to fourth spot (behind Britain, Norway, Liberia) by 1961 unless trend is reversed...