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Seacor To Acquire Galaxie Marine Seacor Holdings Inc. has signed a letter of intent to acquire substantially all of the assets (excluding real estate) of Galaxie Marine Service Inc. and affiliated companies for approximate- ly $21 million, subject to adjustment for inventory and other assets. Galaxie, based in Patterson, La., owns a fleet of 24 offshore vessels dedicated to serving the oil and gas industry in the U.S. Gulf Coast. The fleet includes an offshore supply vessel built in 1982, a mini supply vessel built in 1991, 17 utility boats and five crew boats. Seacor will also reimburse Galaxie for progress payments and assume its contract for a 220-ft. (67- m) offshore supply vessel which is cur- rently being built by Houma Fabricators. The purchase considera- tion will consist of $18.2 million in cash, to be provided through a combi- nation of borrowings and existing cash balances, and 50,000 shares of Seacor common stock, which based upon Seacor closing price on Oct. 28, 1996, has a value of $2.8 million. It is anticipated that the transaction will be consummated in January 1997. Proudly Serving the Petroleum & Marine Industries Worldwide Since 1982 • Petroleum Laboratory Services • Used Lube Oil Analysis • Preventative Maintenance Analysis • Diesel & Residual Fuels Testing • New Lubricant Quality Assurance • Emission Spectrometer Analysis Floyd and Anne Friloux 504-464-1734 1650 Airline Highway, Kenner, LA 70062 LUBRIP0RT LABORATORIES, INC. Pollution Control THE NEXT GENERATION m FUEL DECONTAMINATION UNITS NEW, Direct Flow-Thru, Self-Cleaning design! KILLS DIESEL FUEL ALGAE FREE FUEL ANALYSIS - 800 403-3284 Enviio Response Products, Inc. Web Page http://www.mglobal.com/debug.html e-mail address debug@ix.netcom.com DEALER INQUIRIES INVITED Circle 287 on Reader Service Card Circle 243 on Reader Service Card Maritime Reporter/Engineering News Normcmdie Terminal Offers Computerized Straddle Loaders For Minimum Stopover Times Circle 323 on Reader Service Card The Port of Le Havre's Terminaux de Normandie (Normandie Terminal), has two shareholders: Societe Perrigault, a family busi- ness based in Le Havre; and Groupe Sage, a company specializing in para-maritime busi- ness, i.e. freight handling and transit, i Pictured is an aerial view of La Havre's Normandie Terminal. Normandie Terminal reportedly employs the largest docker workforce in France, 450 in all, contracted through the Dockers de Normandie subsidiary. All container transfers in the terminal are con- trolled by a central computer system which sends electronic mission assignments to the straddle loader drivers, who read the mission details on the screen of their onboard computer terminals. The computer system logs each incoming container as an electronic record in a "missions" register. It then assigns free straddle loaders with the most suitable container shift missions, specifying the address of the truck and of the container storage location each time. Storage planning staff can also send the straddle loaders instructions for performing storage reorganization and internal transfer operations. The planning staff also handles ves- sel management operations over per- manent radio links, working from vessel loading plans stored on the fault-tolerant computer system. Whatever your mission is on the water, SeaArk can provide you with a tough, durable work or patrol boat to get the job done. SeaArk Marine (formerly MonArk Boat Company) has built quality aluminum boats for over 35 years for missions such as spill response, marine construction, personnel transport, oil exploration, survey, drug inter- diction, search & rescue, excursions, law enforcement, and fire fighting. Choose the size, hull design, cabin style, power, and accessory package that best fits your mission. Let SeaArk make your mission POSSIBLE! Call today for pricing and specifications. SEAARK MARINE P.O. Box 210, Monticello. Arkansas 71655 Phone (501) 367-9755 • Fax (501) 367-2120
