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Zapata Gulf Acquires All Assets Of Seahorse Zapata Gulf Marine Corporation of Houston has completed the ac- quisition of the assets of Seahorse, Inc., including 92 marine service vessels, according to an announce- ment by Kenneth W. Waldorf, Zapata Gulf chairman and chief ex- ecutive officer. In exchange for the Seahorse as- sets, Seahorse's parent company, Petroland Incorporated, a subsid- iary of Texas Eastern Corporation, will receive Zapata Gulf stock equal to an 18.5 percent equity interest in the company. Petroland will also receive two seats on the Zapata Gulf board of directors, which will be expanded from six to eight mem- bers. Other holders of Zapata Gulf stock include: Zapata Corporation, 34.7 percent; HNG/InterNorth, 29.3 percent; and Halliburton, 17.5 per- cent. Under terms of the acquisition agreement, Zapata Gulf does not assume any additional debt obliga- tions. The addition of the Seahorse ves- sels brings to 423 the number of ves- sels owned and operated by Zapata Gulf, a company formed in Novem- ber 1984 through the merger of Zapata Marine, HNG/InterNorth's Gulf Fleet Marine, and Hallibur- ton's Jackson Marine. Rody Selects AWSC Committee Chairmen Walter W. Rody, chairman of the American Waterways Shipyard Conference (AWSC), and president of Port Allen Marine Service, Inc., has announced the following to serve as AWSC committee chairmen in 1986: Committee of Counsel—William P. Morelli, Associate General Counsel and Director of Government Affairs, Midland Enterprises; Economic and Commercial Committee—Robert E. Kenny, president, HBC Barge, Inc.; Industrial Relations Commit- tee—Leo Toupin, vice president, Industrial Relations, Jeffboat Incor- porated, Membership and Public Relations Committee George Fe- gert, president, Gretna Machine & Iron Works, Inc.; and Vessel Repair Committee—Neal S. Platzer, president, Platzer Shipyard, Inc. In a letter to the AWSC member- ship reporting on the new AWSC committee chairmen, Mr. Rody urged all members to participate actively in committees that develop the policies and programs that are necessary for the future of the small and medium-sized shipyards. Danos & Curole Continue Long-Range Expansion In Marine Department Construction is underway on a $1.9-million class 130 jackup barge for Danos & Curole Marine Con- tractors of Larose, La., as part of the ongoing process of expansion in their marine department. June, 1986 5 Featuring a state-of-the-art closed loop hydraulic system, the vessel, to be christened Eric Danos, will be capable of working in depths of up to 90 feet and has an overall length of 94 feet, a beam of 63 feet and a draft design of 6 feet 6 inches. Engines on the Eric Danos will be two 12V-71-N Detroit diesels and deck space will allow for 150,000 pounds of topside cargo. As addi- tional support, hydraulic cranes with 40-ton and 10-ton capacities and 70-foot and 50-foot boom lengths, respectively, will be in- cluded. Designed with a variety of ser- vices in mind, the Danos & Curole jackup boats have gained special no- toriety for their use in pipelaying projects. The firm is also known in the oil and marine industries as a full ser- vice contractor for more than 40 years. Danos & Curole locations can be found throughout the Gulf Coast in Larose, Morgan City, Buras, Intra- coastal City, and Cameron, La., and Galveston, Texas. For further information, Circle 63 on Reader Service Card The Towmaster Nozzle/Rudder System can cut your turning circle by 70% The Towmaster can give you this kind of performance because of its unique triple-rudder design. Each rudder, by itself, produces a higher lift-to-drag ratio than conventional centerline rudders. Turning diameter test results ing Circles — Diameters Based upon single screw results Together, they create a cascade effect that can allow 60° helm angles before rudder stall occurs. Circle 154 on Reader Service Card And because the Towmaster also re- duces rudder torque and makes more efficient use of propeller thrust, vessel operation is easier and less fatiguing. The Michigan Wheel Towmaster Nozzle/ Rudder System. It's proven its ability to increase maneuverability and overall operating efficiency in over 100 applica- tions. To learn how it can do the same for you, contact Michigan Wheel for complete facts and the name of the distributor nearest to you. Michi on 1501 Buchanan Ave. S.W. Grand Rapids, MI 49507 Phone (616) 452-6941 Telex 6877077 MIMOT UW Fixed nozzle systems Towmaster If your vessel has a ducted propeller system, Michigan Wheel's Towmaster Nozzle/Rudder System can give you a dramatic improvement in maneuver- ability and turning effi- ciency. In fact, if your vessel presently has a fixed nozzle system, tests prove the Towmaster Nozzle/ Rudder System could reduce your turning circle by 70%. If yours is an open propeller system, you can expect an improvement of up to 60%.
