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1719582013OntheleadershipfrontBruceStreeterwhohadbeenwiththecompanysince1990wasnamedPresident.AGrowingFleetGulfMarkseethascontinuedtogrow.Aconstructionprogramthatwascompletedin1999providedexpansionofactivityintoBrazilanentryintoWestAfricaandtherstcontractforamodernplatformsupplyvesselPSVinAsia.Aprograminitiatedin2000addedninenewvessels.Aprogramlaunchedin2006addedtwovesselstotheNorthSeaoperationsin2007andtenvesselstoSoutheastAsiaby2008.WiththeacquisitionofRigdonMarinein2008GulfMarkownedandmanagedmorethan90technologicallysophisticatedhighspecicationvessels.In2011GulfMarklaunchedaprogramtoaddsevenoftheworldsmostadvancedPSVstotheeet.Thelastofthenewlyorderedvesselsisscheduledfordeliveryin2015.Mr.ButtersnotedRatherthanmerelybuyingmorevesselswereinvestingincraftthatsetthestandardsfortechnologyandefciencywideningmarginsforourselvesandourclients.Operatingmodernequipmentwithnewertechnologiesprovidesrealbenets.ForexampletherehavebeenseveralupanddowncyclesintheindustryandGulfMarkwasaffectedbythe1999-2000downcyclehoweveritsnewerhightechnologyvesselsmaintainedahigherlevelofutilizationandrevenuelevelsabovethoseofolderlesssophisticatedvessels.ForinstancetheHighlandGuidecompletedatwo-yearcontractinIndonesia.Thisvesseldemonstratedtheefciencieswhichmodernequipmentcanbringtothisregionasitreplacedanumberofoldervesselsinsupplyingthedrillingrigsandplatformsforthecustomer.Marketcapitalizationexceeds1billion.SeaSupporterisplacedintoservice.CompanybecomeslistedontheNewYorkStockExchangeGLF.AcquiresRigdonMarine.2007200720072008Weintendtobeanaggressiveanddynamicparticipantintheoshoreenergymarketofthefuture.edemandforoshoremarineservicesshouldcontinueoverthelongtermastheworldsrequirementsforenergyaccelerateandcompaniesexplorefartheranddeeperoshore.Webelieveweareverywellpreparedandpositionedtobenetfromthesearchforoilandgasaroundtheglobenowandinthefuture.BruceStreeterPresidentCEO2008