Word: tankers
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Though nervous, few oilmen expect OPEC to recommend nationalization to member governments, though even a hint of that is an effective weapon in the haggling process. More likely, OPEC will simply try to squeeze more money out of the oil companies by imposing taxes on tanker loadings and pipeline shipments...
...marketing (with 23,440 gas stations) and pushed the extensive research that has made Phillips a front runner in petrochemicals and gas. Result: Phillips now ranks eighth among the majors, with 1962 sales of $1.2 billion. Another nod led to the construction of a record-sized (22,000 tons) tanker for hauling refrigerated gas, launched last week in Sweden. Adams' finds it equally hard to say no to his aged mother. At her insistence, he recently returned home to Kansas City dutifully pumped Phillips for a neighbor who had just opened a new gas station...
...political considerations. North American is well fixed for years to come with its Apollo moonshot contract, and Lockheed is relatively well-backlogged with its contracts for the Polaris missile and the new Starlifter military transport. But the end is in sight for Boeing's big KC-135 flying-tanker contract, and its current orders for Minuteman missiles will run out in two or three years. Besides, it was the loser in the hot TFX competition, and thus stands next in line to get something from Washington...
...South Haven, Mich., he bought a sunken 26-ft. boat for $75, raised and repaired it, then chartered it for twice the price. He has not stopped since. Now a youthful-looking 66, D. K. Ludwig is the world's biggest individual ship operator, commanding a tanker fleet that can carry 2,500,000 tons. As if that were not enough the lean, frugal and publicity-shy Ludwig mines salt in Mexico, refines oil in Panama, raises cattle in Venezuela. He is worth $350 million-give or take $100 million...
Wellhead to Pump. Always an innovator, Ludwig devised ways to spare dollars and swell loads by welding tankers instead of riveting them, launching them sideways, and using thinner decks. In all, Kure has built 2,200,000 tons of shipping for Ludwig, including the 114,500-ton supertanker Universe Apollo. When the tanker market became swamped, Ludwig last year subleased the yard, but Japanese aides still hold in awe the thrusting man who, as one says, "knew every detail and kept our brains spinning...