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1919582013ofthelargertypeofopen-oceancraftthatoilandgasproducerswillneedastheyventurefartheroffshoreintodeeperwaterandintoever-harsherenvironments.Mr.KneensaidOurinternaldesignstaffisresponsibleforanumberofourowninnovationscontinuallyexploringwaystohelpourcustomersdotheirjobswithgreaterefciencyandlowercost.Forexamplemaximizingthesizeoffuelanddrillingmudtanksanddesigningself-cleaningtankscankeepGulfMarkvesselsatsealongeroptimizingonsiteperformancebyreducingthenumberoftripstoshoreforresupply.FromplatformsupplyvesselsPSVsanchor-handlingtugsAHTsandfastsupplyvesselsFSVstomultipurposespecialtyvesselsMPSVswereworkingtoensurethatoureetof70ownedGulfMark-aggedvesselsremainsamongtheyoungestandmosttechnologicallyadvancedeetsintheindustrythusensuringthatGulfMarkcancontinuetoprovidemaximumperformanceinallclimatesaroundtheworld.AsproducersexploretoughnewproductionenvironmentssuchastheFalklandIslandstheeastcostofAfricatheIndianOceanandtheBarentsSeaGulfMarkslargerruggedlybuiltvesselsarethetypescustomersneedtosupportvarioustypesofoffshoreprojects.Mr.KneenconcludedWehaveidentiedandarecommittedtofullysupportingvemajorinitiativesthatwillgiveourcustomersoffshoresupportanywhereandunderalmostallconditionsOperatingefciency.Safetyandtraining.Reducingourenvironmentalfootprintwhereverwework.Implementingcontinuousimprovementplans.Buildinglong-termrelationsbasedonethicsintegrityandtrust.Wewillcontinuetoseekopportunitiesinthosegeographicareaswherecustomersneedourequipment.Webelievethiswillleadtocontinuedgrowthinearningscashowandshareholdervalue.Launchesanewvesselprogramtoconstructsevenstate-of-the-arthighperformanceships.GeneLeechretires.Hejoinedthecompanyin1990andservedasitsrstVicePresident-Operations.QuintinKneenisnamedPresidentandChiefExecutiveOfcer.Sellsvesmalleroldervessels.BruceStreeterretires.20112012201320122013123452012AnnualReportImage