Word: twinned
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Dates: during 1960-1969
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...other submarine entry is a propellor-driven job with twin rudders. While expected to be somewhat slower than Milgram's, its directional orientation is likely to be more reliable...
...money and tonnage ever made by a shipping company in a single year, the line is introducing not just one luxury liner but two. Last week, after an eight-day trip from Genoa, the 45,900-ton Michelangelo glided into Manhattan on its maiden voyage; late in July its twin, the Raffaello, will go into service on the 4,700-nautical-mile run between the Italian Riviera and New York...
This high living may be a bit too rich for the Italian Line, which depends on an annual subsidy of some $20 million from the government. Even if booked solid, charged Italian Air Force General Giuseppe Valle, the twin ships will lose $80,000 on every voyage. Italian Line's director general Giuseppe Ali says that each vessel will run an "operational" profit when filled to 60% of its 1,700-passenger capacity, but his figures do not count amortizing the $60 million cost of each ship. Still, argues Ali: "We must not be viewed only as producers...
Younger & Bigger. The Italian government expects that the twin ships will lure tens of thousands of tourists to Italy, and that 70% of the voyagers will be dollar-dispensing Americans. By introducing two ships at once and simultaneously retiring the older Vulcania and Saturnia, the line reduced from 15 years to seven years the average age of its fleet on the competitive "Southern Atlantic" route, increased its capacity by 30%. Equally important, the twins created work for the Genoa and Trieste shipyards and the Italsider steel complex-all of which are owned by the Italian Line's parent...
...international carriers, an Amsterdam lawyer who took over the floundering, top-heavy company in 1963, cut losses from $21 million to $4,000,000 last year by pruning away 4,000 excess employees, restoring Far East service, eliminating old pistons and going for jets; of injuries sustained when the twin-engine Beechcraft in which he was a passenger crashed during a storm near St. Moritz, Switzerland, also killing his wife and the two pilots...