Shipping: Now, the Son of Spyros

In the wide-screen way that he made famous as boss of 20th Century-Fox, Spyros P. Skouras once wired a troubled friend: "NO MARINER EVER DIS TINGUISHED HIMSELF ON A SMOOTH SEA." Now, at 75, the man who launched Titanic is in the midst of a real-life sea story. Skouras and his 45-year-old son, Spyros S., are becoming maritime moguls, and the sailing seems smooth.

The elder Spyros is chairman and his son president of a Manhattan-based family holding company called Admiralty Enterprises Inc., which owns seven ships. Two of them, tankers that the family had built in 1957, are out...

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