Word: vessels
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Dates: during 1950-1959
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...open up its now bustling southernmost port of Elath to the sea, so that its ships could trade with East Africa and Asia while bypassing Nasser's Suez Canal. Invading Israeli armies, routing the Egyptians from the Sinai peninsula, spiked the Egyptian guns placed to menace any vessel seeking entrance from the Red Sea through the narrow, four-mile-wide Strait of Tiran into the Gulf of Aqaba and thence to Elath. Now the U.N. Emergency Force guards the strait and permits Israel "innocent passage" into the gulf, while Arab nations protest but do not intervene...
...olive-drab, two-engined plane without markings or number swept in low and thundering over the Indonesian port of Balikpapan in Borneo. Bombs tumbled out from the opened bomb bay, and the British tanker, San Flaviano, erupted in a series of explosions that broke the vessel's back. An Indonesian corvette, anchored protectively at the harbor mouth, took a direct hit, burst into flames from stem to stern. The Royal Dutch Shell Co. hastily shut down its installations at Balikpapan, signaled oil tankers to clear the area...
...hour earlier, workmen, clearing a site for a new building, had uncovered a few delicately wrought bronze relics, and the Oni was eager to show them off. After one look at the find-two bronze statues, two egg-shaped staff finials, two solid brass staffs, and a decorated drinking vessel-Fagg rushed excitedly to the site, ordered it sealed...
...than 90% in one year, and prices for used ships are just as bad. "A year ago," said one ship broker, "it was impossible to buy a T-2 tanker for less than $4,250,000. Now it's impossible to get $1,000,000 for such a vessel...
...idea is to set up a series of unbreakable dry-cargo rates to ensure an operating profit on each voyage. Failing in that, the Greeks may be forced to reduce their surplus tramp tonnage by laying up still another 20% of the fleet, assessing each owner with a vessel still in service a fixed fee to help maintain the idle ships...