Word: shipper
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Last week the Maritime Commission permitted Shipper Farley, now executive committee chairman of unsubsidized American-Hawaiian Steamship Co., to put his lesson into practice. For a fat $1,600,000, he sold four of his tired old (20-21 years) tubs to Great Britain, which needs cargo ships to transport war supplies. This gave Mr. Farley cash in the bank with which to begin replacing his fleet of 34 ships (average age: 23 years), if he wants to. His four old ships, out of service until the war boom, netted him the fancy price...
...Solvents Corp. for two years. In October it went to the I. C. C. with a petition for trainload rates on molasses. Month ago, I. C. C. brought forth its decision, that ". . . certain other forms of transportation which compete with the railroads can law fully, and do, give the shipper of large quantities a decided advantage over the shipper of lesser quantities equivalent to a railroad carload. This is true of pipeline transportation by its very nature, and it is also true of water transportation...
London reports said that the new blockade would be handled by the Allies at the same control ports and with the same machinery used to enforce the blockade of war materials bound for Germany. This machinery was greased last week by offering to neutral shippers commercial passports, called "navicerts," to show that their cargoes have been inspected in their own countries and found non-contraband. Navicerts will be signed by or for His Majesty's Ambassador in the shipper's country and will facilitate (but not guarantee) passage of the shipment through control ports. With what was intended...
...into the Baltic, but blockaded Germany from the North Sea. This time, with a North Sea fleet twice as big as Germany's, Britain might attempt to seize the dangerous Baltic. In such a case, Norway, Sweden and Finland would all lose rich trade with Germany. Norway, fourth largest shipper among the countries of the World, would find its shipping interfered with by even a North Sea blockade...
Partly because of his personal popularity and War record, Shipper Arnold Bernstein was left in control of his business much longer than most Jewish tycoons. Finally last January, Nazi extremists forced the Government's hand. Arnold Bernstein and four of his managers (three Jewish), were clapped into jail, charged with "economic sabotage" through infringing German foreign exchange regulations. While he sat in jail Bernstein's 21-month-old Palestine Shipping Co. went into receivership "because the Jews deserted me," says Prisoner Bernstein, and Japanese bought for $150,000 its auctioned steamer Tel Aviv. Last week in Hamburg...