Word: tankers
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...learn about the culture of an organization from the stories its members tell. One of the Coast Guard's most celebrated rescues was of the crew of the doomed oil tanker the Pendleton in 1952 off Massachusetts. In 60-ft. seas, during a snowstorm, Coast Guard officers managed to pile all 32 survivors onto a 36-ft. wooden lifeboat moments before the tanker capsized. But when the coxswain radioed his superiors for further direction, his commanders argued over the radio waves about what to do next. Instead of wasting precious time, the coxswain switched off the radio and made...
...seems abnormal that the CEO of an airline that buys oil by the tanker and will burn through 250 million gal. this year alone isn't complaining too much about the record high price of fuel. But in fact, Joe Leonard, head of low-cost carrier AirTran Airways, thinks a few weeks of $66-per-bbl. oil would bring an overdue shake-out in the struggling airline business. "High oil prices are going to force some carriers out of the market," he says, "and it's going to happen quickly." You can almost see him smile, since AirTran...
...envious outsiders, Japanese business often seems to be an uninterrupted success story. But not last week. Japan's Sanko Steamship, the world's largest tanker operator, filed for protection from its creditors under the country's bankruptcy laws. The company's debts total $2.2 billion, making it the largest bankruptcy case in Japanese history...
...highly charged political environment. Yet EADS is making progress--the firm already has about 50% of the U.S. nonmilitary helicopter market--with the biggest opportunity being the pending battle to replace the U.S. Air Force's aged refueling-tanker aircraft fleet. The contract, which may be worth $20 billion, was the source of a huge scandal involving Boeing last year over illegal and unethical efforts to land an overpriced deal; Boeing's CEO and CFO lost their jobs, as did top Pentagon officials. That has allowed EADS to get into the game with its own tanker. "The U.S. tanker deal...
...October 2004 that Sinopec had purchased a six percent stake in two Sudanese oil blocks in the eastern Upper Nile region of the country. And the Washington Post reported in December that Sinopec is constructing a pipeline connecting the Melut Basin, in the south of Sudan, to a tanker terminal...