Shipping: Bailing Out the Fleet

Spyros Skouras, who as boss of 20th Century-Fox from 1942 to 1962 brought out such sagas as Lifeboat and Titanic, last week took the lead in another kind of sea drama. At a Washington press conference, the 72-year-old argonaut announced that the Prudential Lines, a seven-ship company that he heads, had applied to the Maritime Administration for a subsidy to help build a $250 million fleet of 16 freighters. While new forms of transportation were being devised elsewhere (see WORLD BUSINESS), Skouras showed off designs for vessels intended to cut shipping costs and vastly speed up cargo-handling methods, which have...

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