Word: tankers
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...publicized but unsuccessful bid in 1927 to become the first woman to fly across the Atlantic; of emphysema; in San Francisco. After Elder took off from Roosevelt Field, Long Island, her plane, The American Girl, splashed down near the Azores, where the pilot and copilot were rescued by a tanker. The failed flight, however, turned into a launch for a lucrative film career...
...winner of the Maria Moors Cabot Prize for Latin American reporting, has been following the canal situation for seven years. Yet as he reported this week, his reflections went back 35 years to the time when, as a boy in a U.S. Merchant Marine T-2 tanker, he first traveled the waterway. The canal, he notes, was then bustling with wartime traffic, and the city of Colón flourished as one of the fleshpots of the Latin world. Today it is a depressed town. Reaching even further back, New Zealander Diederich remembers stories told of his wife...
These are dicey times for shipowners who play that gambler's game called tankers. As a result of the slowdown in the growth of petroleum consumption and some reckless overbuilding by shipyards in the early 1970s, the tanker business is in the worst depression in memory. Fully 10% of the world fleet sits idle for lack of cargo...
...part of Japan's supply of oil from the Middle East. But that would require presidential approval and congressional concurrence. The President's decision is expected this week or next. The only other immediate way to use all the oil would be to ship it by tanker through the Panama Canal to the U.S. Gulf Coast, a long and expensive haul...
...Losers. On balance, the Saudis and the Emirate allies appear to have been winning the price war. Despite winter storms that hindered tanker loadings at Saudi ports and heightened U.S. demand for imported petroleum, the lower Saudi and Emirate prices forced the increase in the average world price of oil to remain a couple of percentage points below the posted 10%. Now, as warm weather reduces heating-oil demand, the world oil market has softened somewhat, making price more important than ever. As a result, Saudi and Emirate sales have been soaring; Saudi output, averaging 10 million...