Word: tankers
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Where the paper work leaves off the grave problems begin. The two greatest: tanker transport and dollars...
...paratroopers and 1,300 airmen moved without armed protection towards the tent city hastily built for them by theBritish near World War II Tymbou air base. If that did not give a clue to what was happening, the dispatch of another ship did. It was a 3,226-ton tanker named Bacchus, and it gurgled toward Cyprus with a full cargo of wine. The French had arrived in force on Cyprus...
...Convair Division gave the U.S. a peek at two new developments in the deadly art of aerial warfare, one over sea, one over land. From San Diego, Convair's giant R 3 Y-2 Tradewind turboprop transport went aloft as the Navy's newest flying boat tanker, packing enough fuel for eight swept-wing jets as they snuggled up, four at a time, behind trailing funnel-fitted hoses. Even bigger news was Convair's new B58 Hustler bomber, a plane eight years in development as the nation's first truly supersonic long-range bomber. At Fort...
Lowest of the Low. Niarchos has a rare faculty for expanding his fleet "when shipyards are hungry." In 1949, when British yards were hungry ($120 a ton), he ordered ten tankers; when British berths filled up, Niarchos fed the German, Dutch and Swedish yards, later moved on to hungry Japan. He drives a hard bargain. Says Netherlands Dock and Shipbuilding Co.'s Pieter Goedkoop, who has built two tankers for Niarchos: "He dictated the price. It wasn't unreasonably low. It was the lowest of the low that he could reasonably ask." But after signing a construction contract...
...with his passion for his ships. To handle the day-to-day operations of his empire, Niarchos has recruited some of the world's top shipping brains. His 120-man London staff, quartered in two Georgian mansions in Mayfair, is headed by Reginald John ("Square Rig") Dodds, onetime tanker boss for Shell Tankers, Ltd. which is one of Niarchos' best customers. His Manhattan office is run by Financial Expert Walter Saunders, onetime vice president of Metropolitan Life Insurance Co., which is one of Niarchos' heaviest backers. Says Niarchos: "My staff makes 60% of the decisions. I make...