New-York tribune., 1921-06-17
Hamburg Line
To Build Two
Large Vessels
1900 Tonners Ordered
for the North Atlantic
Trade, DIR. Cuno States:
Diesel Ships To BE Rum
Plans Large Cargo Service
Confident of Value of the
Joint Venture Arranged
Will, Hartman Interests

The Hamburg American Line will
construct the equivalent of about one
Aird of its pre-war feet of about
10000 gross tons in the next five
wars. DR.. William Cuno, head of the
line. announced yesterday before his
dspsrture for Hamburg on the Mon
goiia.
Dr.. Cuno had been in this country
shout q month. During his stay the
agreement drafted between the Harri-
man interests and the Hamburg Amer
lean Line for Joint operation of ship
ring services was formally ratified.
For Conservative Policy
In statement issued just before he
uiled, DR.. Cuno said:
eUpon my arrival few weeks ago
stated that the purpose of my visit
TO the United States was for further
conferences in connection with the de-
tails Of carrying out the contract which
was concluded last year between the
Hartman group of shipping interests
snd the Hamburg American Line. for
tAe establishment and development
o. joint services on the pre-war routes
Of the Hamburg-American Line.
During my stay here | have dis
,gssed the future plans and policies
Of our joint interest with Mr.. Harri-
Nd
Grafton OF the services maintained by
us 1t is the intention of both parties
TO continue their efforts for the de-
velopment of these services with the
CAUTION aud conservatism necessary. in
view OF the present situation in ship
ping, go That our joint undertaking
may De run on sound business basis.
Contract Satisfactory"
Both parties are convinced from the
past satisfactory working of their ar
rangement that the contract which was
concluded last year will be of GREAT
aid In furthering the reestablishment
Of trade and shipping generally, and
most helpful to our respective inter
ests
Since the establishment Of the Har-
riman group Of shipping interests, net
SO long ago, Mr.. Hartman has sue
cseded in building up an excellent
organisation on a sound business basis.
y has been my observation that the
United American Lines, which is the
operating company of the group, is
equipped for the efficient handling of
both freight and passenger business.
Inis Is very gratifying to me and
leaves me more than ever confident of
she value of our joint venture.
with regard to the building pro-
gram OF the Hamburg American Line,
plans have been made for the recon
'tructlon OF about one-third of the
'ompany's pre-war feet in the course
4 the next five years. This new feet
Fill consist largely of freight ships of
modern type, having a tonnage of
rom 5000 to 10000 tons deadweight.
iome of the largest and fastest of
hese freight ships, which are suitable
or the North Atlantic and the South
american trade, will be equipped with
limited number of rooms for cabin
,assengers and a moderate capacity
or thlrd-class passengers.
22,o00-Tonners Building
Two large vessels of $4,000 tons
;ross have been ordered for the North
Atlantic trade to carry first, second
and third class passengers and a fair
amount of cargo, but these vessels will
not be ready for service until the
sprng of 1928 or 1924. Their speed
Viii be about sixteen knots. Most of
the freight vessels will be equipped
ttor, the use of either coal or oil ag
fael. Some of the engines will be of
"a Iae reeeiprocating type and some of the
Diesel motor type.
I have had numerous requests dur
ing my stay in this country for inter
views regarding the situation in Ger
many, but owing to my absence since
she acceptance Of the reparations de-
nands l do not feel competent to
give an accurate statement on the sub
ject."