Word: transshipped
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...their own transfer port for smuggled goods on the islet of Lap Sap Mei between Macao and Hong Kong. Here, instead of lightering, overseas ships tie up at a new pier, unload into junks of sufficiently shallow draft to make the mud banks up to Whampoa, or transship for Tientsin and Dairen. Through Lap Sap Mei now travels about one-third of all shipping to China. Most of the ships that call there are Communist-owned, but occasional vessels flying Western flags, including the Union Jack, have been spotted...
...soft currency" countries who cannot pay them in dollars, was selling in New York at $2.40, a discount of 14% on the official rate of $2.80. At this rate, slick continental operators could buy Malayan rubber or Australian wool (telling the British it was for their own account), then transship it straight to New York and undersell Britain's direct, dollar-earning sales. This "leak" in Britain's tight control on sterling-into-dollar exchange was a potent cause of sterling's devaluation in September...