Shipping: Troubled Seas

Since Mamie Eisenhower christened the Savannah in 1959, the streamlined, white-hulled ship has plied an ever-deepening sea of red ink. The world's first nuclear-powered merchantman cost the Government $82 million to build and up to $2,700,000 a year in subsidies to keep afloat. She sailed in May on a transpacific voyage that may well be her last, if the Senate—which scheduled hearings on her fate this week—decides that the ship, handsome as she is, is not worth her keep.

Savannah was built by the U.S. as a floating symbol of the peaceful...

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