Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
2AHistoryofGulfMarkOffshoreeEarlyYearsGulfInterstateInJulyof1958HoustonentrepreneurHyBirdarmedwithbusinessacumenandamodestamountofcapitalincorporatedGulfInterstateCompany.ItbeganbusinessoperationsinJanuaryofthefollowingyearwithanetworthof431000.AttheoutsetGulfInterstatewasessentiallyapipelineengineeringrm.OneofitsinitialprojectswastheengineeringandconstructionoftheTranswesternPipelinethatoriginatedinWestTexasandterminatedinCalifornia.The200millionprojectwascompletedin1960.Alsoin1960thermbeganinvestinginofcebuildingsindowntownHouston.Laterrealestateinvestmentsincludedindustrialandmixed-usepropertiesinBuffaloNewYorkaswellasinterestsinresortpropertiesinArizonaColoradoHawaiiAcapulcoandCozumel.EvervigilantforotherstrategicopportunitiesGulfInterstateventuredintothewholesaleairconditioningandheatingbusinessandlaterintothepollutioncontrolindustry.Whenthereturnswerenotdeemedsatisfactorythecompanyexitedthosebusinessestofreeupfundsforotherinvestments.Aftertenyearsatthehelmin1969Mr.BirdresignedfromhispositionsasChairmanoftheBoardandPresident.MarkMillardwhohadbeenontheBoardofthecompanysinceitsbeginningwaselectedChairmanandFarrileYoungwasnamedPresident.ThesameyearGulfInterstatedesignedandsupervisedconstructionoftheGulfCentralPipelinetheworldsrstlong-distanceammoniapipeline.Alsoin1969GulfInterstatebecameactiveinaninternationalventureamarineterminalinEngland.TheterminalortankfarmwaslocatedatthemouthoftheTyneRivernearNewcastle.Itconsistedof26storagetankscapableofaccommodatingmorethan70shipsannually.GulfInterstateCompanyisfoundedwithanetworthof431000.Thecompanybeginsinvestinginrealestate.GulfInterstateCompanydesignsandsupervisesconstructionoftheGulfCentralPipelinetheworldsrstlong-distanceammoniapipeline.GulfInterstateCompanyengineersandconstructstheTranswesternPipelinethatoriginatesinWestTexasandterminatesinCalifornia.MarkJ.MillardiselectedChairmanoftheBoard.19581960196919601969Withapproximately100rigsoperatingintheGulftodayandeachrequiringtwoormoreserviceandsupplyboatsthisboatingoperationshouldplayamajorroleinGulfInterstatescontinuousprogramofexpansion.FarrileYoungPresident1971