Ever since Aristotle Socrates Onassis signed an agreement with King Saud Ibn Abdul Aziz to form a company for shipping Saudi Arabian oil (TIME, Feb. 22), the Greek-born tanker tycoon has found his scuppers awash with criticism. Other shippingmen attacked the deal as a step toward monopolizing the shipment of Saudi Arabian oil;* the British and U.S. Governments both protested to Saudi Arabia that the deal would squeeze out shipping companies now carrying the oil. And Arabian American Oil Co. (Aramco) complained that its interests as a producer were endangered.
Last week the New...
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