Word: tankers
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...inches out of line. Three other ships missed lock approaches and ran aground. At the head of the lakes the Norwegian freighter Dagfred won the race to pick up the season's first grain cargo-and slammed its bow into a Port Arthur grain elevator. As one British tanker skipper said wryly: "The season has opened with a bang...
...scramble for new oil has attracted a swarm of scrappy independent wildcatters - to the great concern of the industry's giants. The independents are drilling all over the world, cutting prices, moving into long-established markets - thanks to a tanker surplus that provides them with dirt-cheap transport. All told, some 250 companies, many of them either new or making their first ventures abroad, are searching for oil in more than 80 countries...
...world surplus of cargo and tanker tonnage has knocked the bottom out of the shipping business, plummeted P. & O.'s profits from $29 million in 1957 to $8,400,000 last year. A major culprit in the world shipping slump, says Sir Donald, is U.S. maritime policy, which grants Government subsidies to shipping companies. He complains that Government subsidization of shippers (P. & O. gets no subsidy) "makes it impossible for us to plan operating costs, because it is impossible to form a judgment on what another company will be able to do if that company is receiving Government...
Died. Captain George E. Bridgett, 97, British-born seadog who ran away to sea at 14, retired as a tanker skipper for Standard Oil in 1928, but at the outbreak of World War II faked his age, passed his physical and won command of the Liberty Ship Pierre S. Du Pont, celebrated his 80th birthday under heavy bombardment at Malta; in San Francisco...
...seem to know either. Astonishing chances to destroy the enemy were missed on both sides. For weeks Crisp's comrades were blown up or "fried" all around him. Then his day came. A direct hit, a chunk of steel that stopped just short of his brain, and Tanker Crisp was evacuated from an inferno that he has described better than any other writer...