NEW YORK (Jun. 15)
Establishment of an Israel Port Authority modeled on the Port of New York Authority has been virtually assured, Austin J, Tabin, executive director of the New York Authority declared here today. Speaking at a luncheon of the American-Israel Chamber of Commerce, Mr. Tobin said that Israel “urgently needed” more port facilities. The New York port director returned last week from an inspection tour of Israel made at the request of the International Bank for Reconstruction and Development.
Dr. N. Wydra, managing director of the Zim-Israel Navigation Company, told the luncheon guests that very small nations, Israel among them, needed merchant fleets of their own to guarantee the flow of overseas trade in times of emergency and to provide employment and foreign currency for their growing economies. Dr. Wydra, who was guest of honor at the luncheon, decried “the present gross inequality in the distribution of world shipping. “