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Zapata Corporation Completes Purchase Of Crestwave Offshore Zapata Corporation, Houston, Texas, has announced that it has completed the previously reported acquisition of Crestwave Offshore Services, Inc. from Texas Gas Transmission Corporation. Under terms of the transaction, Zapata Off-Shore Company, a Zapata sub- sidiary, has acquired all of the out- standing capital stock of Crestwave for a consideration to Texas Gas of approximately $12 million in cash. 'Concurrently with the acqui- sition, Zapata prepaid all of Crest- wave's bank debt of approximately $8 million. New Orleans - based Crestwave owns and operates a fleet of three jackup drilling rigs—the Topper I, Topper II, and Topper III. The versatile rigs range in water depth capability from 120 to 300 feet and are designed for both exploration and workover operations. Two of the rigs are currently operating in the Gulf of Mexico, and one is working in the Arabian Gulf. Zapata said that the acquisition, coupled with its current rig con- struction program, will result in the addition of five offshore drilling rigs to the company's fleet during its 1974 fiscal year, which began October 1. This will bring the total number of rigs operated by Zapata subsidiaries to 16 by year-end. The Zapata Ugland, a super semisub- mersible rig now under construc- tion in Beaumont, Texas, is sched- uled for delivery in the spring of 1974, and the Zapata Trader, a self- propelled drillship being built in Port Arthur, Texas, is expected to be completed in the summer. Founded in 1954 as an offshore drilling company, Zapata was a pio- neer in that field and has operated in virtually all of the world's major offshore petroleum areas. Other Za- pata businesses include furnishing supply vessel services for offshore operators, petroleum exploration, copper and coal mining, menhaden and tuna fishing, and building and general construction. Peter Baci Joins Phs. van Ommeren Peter A. Baci has joined Phs. van Ommeren Shipping as assistant operating manager, it was an- nounced by Johannes Solleveld, president of the company. Mr. Baci graduated from the State University of New York Maritime College with a bachelor of science degree and after gradua- tion, spent time at sea as a second officer in the U.S. merchant marine. Terminating his sea duties early in 1972, he worked as a marine sur- veyor, and recently in the operat- ing 'department of Alcoa Steamship Company. Mr. Baci is a lieutenant in the U.S. Naval Reserve, and his duties With Van Ommeren will be in ocean towing and salvage and ships' op- erations. National Cargo Bureau Names Capt. Hathaway For Portland, Maine The National Cargo Bureau has announced'the appointment of Capt. Brian Hathaway, as its non-exclu- sive surveyor at Portland, Maine, succeeding Capt. Thomas Campbell. Captain Hathaway will cover the ports of Portland and Searsport. He is a graduate of Maine Maritime Academy, and has had seagoing experience with a number of Ameri- can-flag steamship companies. Captain Hathaway's address is 25 'Carriage Road, Cumberland Foreside, Maine 04110. The National Cargo Bureau has representation in all principal ports of the United States, and is a non- profit membership organization dedicated to the safe stowage, se- curing and unloading of cargo on all vessels. The Bureau performs various types of shipboard surveys includ- ing condition surveys, loading of miscellaneous cargoes on and under deck, hatch surveys, and draft sur- veys (on ships and barges). Load- ing certificates are accepted as com- plying with dangerous cargo regu- lations. In addition, the Bureau inspects container loadings and cargo handling gear. Here are three new ship-savers from Carboline They're available for you to test. Carboline research continues to anticipate the needs of the marine industry with new corrosion resistant protective coatings formulated for longer life and greater economy. Three new coatings CARBOLINE X 2256-156 A solvent-less epoxy—for ballast tanks and ship bottoms. Fast cure, quick salt water resistance. Ideal for safety purposes and for short dry-dockings. CARBO ZINC 12 A low-cost inorganic zinc—within the bud- get range of all shipowners and ship- builders. The first high-performance base coat at a low budget price. CARBOGLAS 1678 An economical, high abrasion-resistant Flakeglas polyester—for rudders, barge and ship hulls, chests, anode shields. De- signed for early water immersion. are now available for tests aboard your ships. Test and compare those which interest you. Just complete the appropriate coupons and mail. I carboline] To: E. W. Skiles General Manager Carboline Company—Marine Division ® 350 Hanley Industrial Court St. Louis, Missouri 63144 I'm interested in discussing an on-board test of Carboline X 2256-156. Please contact me. Company City Zip Phone carboline] To: E. W. Skiles General Manager Carboline Company-Marine Division ® 350 Hanley Industrial Court St. Louis, Missouri 63144 I'm interested in discussing an on-board test of Carbo Zincs12. Please contact me. Company City Zip Phone carboline To: E. W. Skiles General Manager Carboline Company-Marine Division ® 350 Hanley Industrial Court St. Louis, Missouri 63144 I'm interested in discussing an on-board test of Carboglas 1678. Please contact me. Name Company Address City Phone Zip November 1, 1973 43
