Word: tankers
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...CASTLE, Del., March 7--A freighter and a Navy-owned tanker slammed together early today at the "Graveyard" bend of the Delaware River, setting off an explosion that ripped a 100-foot hole in the fuel carrier...
Getty Oil Co., which is 82% owned by Getty and which controls a $1.5 billion oil-and-tanker empire, bought a 50% interest in the Neutral Zone eight years ago, when it had yet to produce a drop of oil. Today Getty holds one of the most important stakes in Middle Eastern oil, where he is the only U.S. individual producer among the giant corporations. Says Getty: "I own my companies. How many others do? There are just a few left like...
...market, Getty is as busy building tankers as he is drilling wells. For Tidewater Oil, which is also controlled by Getty, he has embarked on a $250 million program to build supertankers to carry Getty Co. oil from the Neutral Zone to its major markets in Western Europe, Japan and the U.S. Last weekend the 53,000-ton S.S. Tidewater slipped down the ways at Saint-Nazaire, France. It was the ninth new tanker for Tidewater since 1954 and the second in the past month. Sixteen more are on order at cut-rate French and Japanese shipyards. The total tonnage...
...Juice by Sea. Sale of fresh Florida orange juice in Northern states will get a boost from Fruit Industries Inc., which has solved the high cost of refrigerated land transport with S.S. Tropicana, a vacuum-sealed stainless-steel tanker. The ship can carry 1,500,000 gal. (the juice of 70 million oranges) on a 56-hour run from Cocoa, Fla. to Long Island, where the juice is put in cartons for sale in twelve states and Canada. Company spends only $15,000 per tanker trip v. $265,000 if the juice came by land...
...billion expenditure to buy 1,515 new aircraft-some 1,000 fewer than originally intended, and the lowest number since 1954. Of the total, more than 50% will go for the eight-jet Boeing B-52 bomber and its smaller aerial nursemaid, Boeing's KC-135 jet tanker. All told, the Air Force will order 480 B-52s and KC-135s (cost: $6,000,000 and $4,500,000 apiece respectively), leaving only $2.1 billion for all other planes...