Word: tankers
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...fanciest yachts to sail since Financier J. P. Morgan's Corsair churned the seagoing carriage-trade routes. In the North German port of Kiel, a 325-ft. frigate is being converted into the Christina, a floating pleasure dome which will be the flagship of Onassis' cargo and tanker fleet. Trimmed in marble, mosaics and lapis lazuli (cost: $3.50 per square inch), the yacht will have a top speed of 18½ knots, will tote- among other frills-a doctor's operating room, sailboat, speedboat and amphibian airplane. When he has nothing else to do (such as dropping...
Shipowner Stavros Niarchos, after war service in the Greek navy, is building the largest cargo ship ever built in the U.S., the largest tanker in the world [TIME, Feb. 22]. Admiral Nearchus (325 B.C.), explorer, built ships and sailed from the mouth of the Indus across the Arabian Sea and up to the head of the Persian Gulf. He and his crew reported to their commander in chief Alexander the Great in Iran, after a two-year voyage of tremendous hardship and valor. Could be ... a case of long-distance heredity...
General LeMay was thinking of Boeing's swept-wing 707 as a rival for Britain's Comet jetliners as well as a flying tanker-transport to refuel his jet bombers in midair. To Boeing, which has built more than 600 of LeMay's six-jet B-47 bombers and is now turning out the eight-jet B-52, the big plane was also a lot more than just an aerial nursemaid. Boeing President William M. Allen thinks his new 707 has an even greater future as the first U.S. commercial jet transport, and has gambled $20 million...
...handle the trade. He built up a fleet of six ships, turned them over to the Allies during the war, and put in a tour of North Atlantic destroyer duty with the Greek navy. At war's end, with half his fleet sunk, Niarchos started building up a tanker fleet, was able to finance the building and purchase of 36 vessels by chartering them in advance to big oil companies...
...charge that he had bought them from the U.S. Government through U.S. front corporations, though he himself was an alien and hence prohibited from such purchases. But Stavros Niarchos, who is in Europe, is not letting his troubles interfere with his career. Next week another new 33,000-ton tanker, built for him in Britain, will be launched, and soon after that a third will go down the ways in Germany...