When President Jimmy Carter placed a moratorium on nuclear power plant construction, OPS began laying off employees.
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Zeke Zechella, who had joined Charter in 1980 after leaving Offshore Power Systems, was named president of Charter, replacing Donnell.
In November 1990, Gate sold the 20-year old Offshore Power Systems crane for $3 million to the China State Shipbuilding Corporation and their workers dismantled it for shipment overseas.