Shipping: Negotiations with Niarchos

In the Greek port of Piraeus, three U.S. shipping experts this week will begin looking over a private fleet that has five times as much tonnage as the French navy. One by one, 63 black-bottomed tankers and freighters will be diverted from their runs over all the oceans and seas and pulled into dry-dock for the visitors to inspect. The inspectors have quite an assignment: to help bring off the largest ship purchase in history, a deal of $200 million or more. Up for sale was almost the entire armada of that hero of the modern Greek shipping legend, Stavros...

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