Page 13: of Maritime Reporter Magazine (February 15, 1974)

K.W. Waldorf Named

To New Zapata Post

Kenneth W. Waldorf

Kenneth W. Waldorf has been named vice president of Zapata

Corporation's Technical Services

Group, with responsibility for new construction of offshore drilling rigs, marine service and fishing vessels, and fish processing plants.

This represents a concentration of these construction activities in one group in keeping with the rap- id growth of Zapata's marine- related businesses. Five -drilling rigs, 13 marine service vessels and two fishing vessels are presently being built under Zapata's aggres- sive expansion program.

Mr. Waldorf joined Zapata last year as manager of planning and financial analysis. Previously, he was associated for four years with

Exxon Company, U.S.A., in various marine planning and operations ac- tivities, most recently as engineer- ing manager. In that capacity, he directed the group responsible for design and construction of both tankers and inland marine equip- ment. Earlier, he served as a sub- marine officer in the U.S. Navy.

Mr. Waldorf has a bachelor of science degree from the U.S. Naval

Academy and a master's degree in business administration from the

University of California at Berke- ley.

New Miniature Satellite

Navigation System

At the recent SOCCO Symposi- um held at the American Hotel

New York City, Electro-Nav, Inc. introduced the new miniature Mag- navox MX-750 Satellite Navigation

System. Also featured was the new

Magnavox Doppler Speed Log MX- 770 and the Docking Approach

System MX-880.

The complete Ericsson Radio

Station, Type EB 1500, was also set up for display. The EB 1500 Trans- mitter is now available for the ret- rofit market and is an ideal trans- mitter for shipowners who wish to communicate by voice to their ves- sels anywhere in the world.

Robert E. Negron, president of

Electro-iNav, 'Inc., stated that this equipment is a welcome addition to the company's excellent line of communications, namely single side band, VHF, and navigation instru- ments such as lorans, ADFs, and depth sounders.

Electro-Nav, Inc. is located at 501 Fifth Avenue, New York, N.Y. 10017.

Harwich Tonnage, Inc.

Formed In California

Harwich Tonnage, Inc. was re- cently formed to provide consulting and management services to the marine transportation industry, with offices at 17835 Ventura Bou- levard, Encino, Calif. 91316. The president of the new firm is C.R.

Andrews, formerly assistant vice president with Navios Corporation,

Nassau, vice president with Jones

Bardelmeier and Clements, Nassau, and manager of construction and engineering with Kaiser's United

International Shipping Corporation.

S.I. Lee, vice president, was for- merly ship superintendent with

Hemisphere Transportation Cor- poration (a subsidiary of Getty

Oil), superintendent engineer of

United International Corporation, and most recently assistant man- ager of engineering with Hendy In- ternational Co.

Harwich Tonnage, Inc. will assist a prospective or existing shipowner with a full range of services rang- ing from initial contract negoti- ation, through contract administra- tion and construction supervision, to the crewing, material supply and other steps that are required to bring vessels into operation, and can undertake responsibility for full vessel or fleet operation under a variety of contractual means.

Your ship just came in.

We call it The Hospital Trust Leasing Corporation.

It's designed to take the sinking feeling out of the cost of marine equipment — everything from tugs, tuna seiners, fishing and lobster boats to huge floating derricks, oil tankers, and cargo freighters.

You see, marine financing is our business.. And we can develop proposals on a true lease or lease-purchase basis, interim construction funding, funding under several governmental agencies, and through the Capital Construction Fund.

As an affiliate of The Rhode Island Hospital Trust

National Bank, (nearly $800,000,000 in assets) we can negotiate flexible lease arrangements and give you the kind of quick, deep financial back-up you. need.

For complete information, drop us a note on your letterhead or send in this handy coupon. For an even quicker response, call Bob Romano at (401) 278-8190.

SHIP OUT THIS COUPON TODAY

Yes. I'd like to know how The Hospital Trust Leas- ing Corporation can help with my marine financing needs. Please send information to:

NAME -

TITLE

COMPANY

ADDRESS

CITY_

February 15, 1974 15