Word: merchantmen
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FIRST ATOMIC FREIGHTER will probably be launched by the U.S. by 1959. Maritime Administration has not yet decided whether to power the $40 million experimental ship with an obsolescent, Nautilus-type reactor or design a more advanced atomic plant suitable for merchantmen...
...week's cover story on Greek Shipping Magnate Stavros Spyros Niarchos and the boom in postwar shipping, he brought to his subject an understanding and feeling that came from long personal experience at sea. Mike spent three of the World War II years sailing in all classes of merchantmen, but mostly in tankers, about the Atlantic and Pacific...
Million-Dollar Answers. The Creole is more than a princely pleasure barge; it is also the flagship from which Niarchos directs the far-flung fleet of 48 merchantmen that carry his initial, a sprawling N, on their smokestacks. Each morning last week, while his guests still lay abed, Niarchos settled himself at a desk in his fawn-carpeted stateroom. With an unlighted Papastratos No. 1 cigarette between his lips, he pored over...
While prewar Greek ships were sorrylooking rustbuckets, Niarchos has turned out some of the handsomest merchantmen afloat. To get top seamen, Niarchos pays his Italian, Greek, German and British crews more than they would earn under their own national flags (but less than one-third of the U.S. scale), equips his new tankers with air conditioning, lavish private quarters for all hands, tiled showers, TV, elevators, recreation rooms...
...merchantmen will soon force shipowners to replace 200 of 1,062 ships sailing under the U.S. flag, spend $1.5 billion for new tonnage in U.S. yards by 1971, v. $500 million since 1946. Moore-McCormack Lines, Grace Line and American President Lines have already announced plans to build 83 new ships for a total of $874 million...