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...sufficient in oil from onshore wells in northern China. However, production is reported to be less than 100,000 barrels per day, an amount which will have to be expanded as China further industrializes. On February 24 China launched its largest oil tanker to date, a 22,000-ton vessel giving indications they plan to expand their role in the oil trade...

Author: By Michael Morrow, | Title: The Politics of Southeast Asian Oil | 4/15/1971 | See Source »

This week the first U.S.-built LASH (for "lighter aboard ship") vessel is scheduled to dock near Philadelphia, completing a maiden voyage to the Mediterranean. Officers of Prudential-Grace Lines note that the Lash Italia 's round trip is taking only 34 days, compared with the normal 54 for a conventional carrier. By saving that much time-and, consequently, a good deal of money -U.S. shipowners expect to overcome their cost handicap...

Author: /time Magazine | Title: Business: Barge Carriers Bid for Lost Sea Trade | 3/15/1971 | See Source »

...ports. Most cargo ships spend half their time in port, including considerable waiting for dock space. The new ship can stay offshore, outside the port, while tugs deliver barges to it or pick up barges from it. The Lash Italia has a 500-ton capacity crane that hoists the vessel's 63 lighters (each 61 ft. long) over the stern and stows them in the open holds. Bypassing the crowded docks, the ship stopped at Barcelona for only eight hours instead of the usual 24, at Genoa for nine hours instead of two days...

Author: /time Magazine | Title: Business: Barge Carriers Bid for Lost Sea Trade | 3/15/1971 | See Source »

...fact that the boycott has been intensified of late by the fanatically anti-Israel government of Libya. Whenever a tanker enters a Libyan port, it is searched. If there is anything aboard that has been made or grown in Israel, the owner of the ship is fined or the vessel is seized. The Libyan government recently moved to new extremes, and so did Mobil. To the taboo list, the Libyan government added-and the company complied with-Jaffa orange juice canned in Norway or Canada and four products that have no Israeli connections at all: Brazilian beer and ginger...

Author: /time Magazine | Title: Business: Seeing Stars | 2/1/1971 | See Source »

...early as the Korean War, Rivers had urged President Truman to use nuclear weapons. Following the Pueblo incident, he proposed that the U.S. give North Korea 24 hours to return the vessel, or "I'd make sure that at least one of her cities would disappear from the face of the earth." His response to Viet Nam: "Retaliation, retaliation, retaliation. They say, 'Quit the bombing.' I say, 'Bomb...

Author: /time Magazine | Title: The Nation: Tribune for the Military | 1/11/1971 | See Source »

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