Last week Arnold Bernstein, minor German shipping tycoon, bought the Red Star liners Pennland (16,300 tons) and Westernland (16,500 tons) from International Mercantile Marine Co. Price for the pair: $1,000,000. Probable use: New York-Antwerp cabin trade.
The purchase marked the end of I. M. M.'s foreign-flag shipping. Year ago I. M. M. severed its connection with White Star Line, later sold its Red Star liners Minnetonka and Minnewaska for junk (TIME, Nov. 26). Last month I. M. M. transferred the Red Star liner Belgenland from British to U. S. registry, renamed her Columbia,...
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