Shipbuilding Update + Corporate Train

choi

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(1) Evan Ramstad, Shipyards Running Aground; Recession's lagging effect on orders forces South Korean shipbuilders to cut payrolls, shift course. Wall Street Journal, June 23, 2011
http://online.wsj.com/article/SB10001424052702304778304576375972346103698.html

Quote:

"The downturn is affecting shipyards world-wide. China's shipbuilding association last month said some of the country's yards would suspend production after completing existing orders.

"Ships are the country's [Korea's] biggest export, accounting for 15% of total exports at an estimated $25 billion through May, according to the Korean government.

Note:
(a) According to this report, South Korea is "home to six of the world's 10 largest shipbuilders by sales": Hyundai> Dawwoo by revenue. But at least one world ranking shows Hyundai> Samsung > Daewoo.
(b) A layperson, I see no reasons for Korea's purported gloom, as
(i) On Feb 21, 2011 the A. P. Moller-Maersk Group ordered 10 Triple E class container ships from Daewoo Shipbuilding & Marine Engineering;
(ii) Evergreen ordered 10 container ships from CSBC a month ago, after having ordered, from Samsung, 10 in July, 2010 and another 10 in September, 2010.
Crystal Hsu, Evergreen buys container ships from CSBC Co. Taipei Times, May 21, 2011.
http://www.taipeitimes.com/News/biz/archives/2011/05/21/2003503738


(2) Barry Newman, When a Gulfstream V Just Won't Do, Try Riding Like a Rail Baron; Fans get peek inside corporate trains that carry executives; 'palace' or 'office'?  Wall Street Journal, June 24, 2011.
http://online.wsj.com/article/SB10001424052702303936704576399703228643980.html

Note:
(a) streamliner
http://en.wikipedia.org/wiki/Streamliner
(A streamliner is a vehicle incorporating streamlining in a shape providing less resistance to air. The term is applied to high-speed railway trainsets of the 1930s to 1950s)
(b) Jay Gould
http://en.wikipedia.org/wiki/Jay_Gould
(Jason "Jay" Gould; 1836 -1892; an archetypal robber baron, whose successes made him the ninth richest American in history; by 1882, he had controlling interest in 15% of the country's tracks as well as  in the Western Union telegraph company and in the elevated railways in New York City)

* The surname Gould is a variant spelling of "gold," though pronounced differently.
* Missouri Pacific Railroad
http://en.wikipedia.org/wiki/Missouri_Pacific_Railroad
(one of the first railroads in the United States west of the Mississippi River; Dates of operation: 1851-1997; On July 4, 1851, at St. Louis, Missouri, ground-breaking for the Pacific Railroad marked the beginning of what would later be known as the Missouri Pacific Railroad' merged with Union Pacific in 1997)

(c) Ladyfinger (biscuit)
http://en.wikipedia.org/wiki/Ladyfinger_(biscuit)
(d) For Chippendale chair, see Thomas Chippendale
http://en.wikipedia.org/wiki/Thomas_Chippendale
(1718-1779, a London cabinet maker)
(e) For Pullman treatment, see Pullman (car or coach)
http://en.wikipedia.org/wiki/Pullman_(car_or_coach)
(In the United States, Pullman was used to refer to railroad sleeping cars which were built and operated on most U.S. railroads by the Pullman Company ([a manufacturer of railroad car] founded by George Pullman) from 1867 to December 31, 1968)
(f) galley (n):
"1: a ship or boat propelled solely or chiefly by oars: as  a warship of classical antiquity * * *
2: the kitchen and cooking apparatus especially of a ship or airplane"
(g) stateroom: "a private room on a railroad car with one or more berths and a toilet"

* berth (sleeping)
http://en.wikipedia.org/wiki/Berth_(sleeping)
(h) caboose (n): "a freight-train car attached usually to the rear mainly for the use of the train crew"

All definitions are from www.m-w.com.
(i) Atchison, Topeka & Santa Fe Railway
http://en.wikipedia.org/wiki/Atchison,_Topeka_%26_Santa_Fe_Railway
(Dates of operation 1859–1996;  Atchison and Topeka Railroad Company was chartered in 1859 for the purpose of building a rail line from Topeka, Kansas, to Santa Fe, New Mexico--the original eastern terminus was Atchison, Kansas, slightly northeast of Topeka: hence, the name; in 1996 merged with the Burlington Northern Railroad to form the Burlington Northern and Santa Fe Railway (BNSF))
(j) JB Hunt
http://en.wikipedia.org/wiki/J._B._Hunt
(a trucking company fouonded in 1961 by  Johnnie Bryan Hunt, and based in Lowell, Arkansas)
(k) Golden Spike
http://en.wikipedia.org/wiki/Golden_Spike
(Immediately afterwards, the golden spike and the laurel tie were removed, lest they be stolen, and replaced with a regular iron spike and normal tie)

* railroad tie
http://en.wikipedia.org/wiki/Railroad_tie
(l) For "railroader," see
railroad (vi): "to work for a railroad company"
(m) Chessie System
http://en.wikipedia.org/wiki/Chessie_System
(a railroad holding company that owned a holding company that owned the Chesapeake and Ohio Railway (C&O) and others; Dates of operation 1973–1980; In 1980 Chessie System merged with Seaboard Coast Line Industries to form CSX Corporation)



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