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519582013WellsandBoardChairmanMillardannouncedOurnewlydenedcorporategoalistobuildanaggressiveorganizationspecializingininvestmentsinanengineeringoftransportationandstoragesystemsfordistributionofallformsofenergyandsimilarbulkmaterials.AsamajorstepinkeepingwiththatgoalGulfInterstateenteredthedomesticcommercialterminalingeld.ThecompanybeganconstructingdockfacilitiesawaterfrontterminalandpipelinesintheWilmingtonDelawarearea.GulfInterstatealsoformedthesubsidiaryGulfOverseasShipbuildingCorporationtotakeadvantageoftheburgeoningdemandforshipyardconstruction.Astheoffshoreoilandgasindustrygrewthenumberofopportunitiesforsaleorchartershipbuildingandlaborserviceswouldalsogrow.AccordinglyGulfOverseasMarinewasexpectedtobecomeasignicantcontributortothecompanysgrowthandearnings.TheTrans-AlaskaPipelineInthemid-1970soneofthemostcontroversialandcloselywatchedprojectswastheconstructionofapipelineacrossAlaska.WhilePresidentCarterandCanadianPrimeMinisterTrudeauendorsedtheNorthwestAlaskanPipelineasthebestmethodfordeliveryofPrudhoeBaynaturalgastothelower48statesmanypeoplewereconcernedabouttheecologicallysensitiveareasthepipelinewouldpassthrough.GulfInterstateGeophysicalisformedtoprovidelandseismicdataacquisitionfortheoilgascoalanduraniumindustries.GulfInterstateandTheAppalachianCompanyformGulfInterstateCoalInvestments.GulfInterstateCompanyisorganizedintofourenergy-relatedbusinessareasEngineeringPipelineandProductTerminalsEnergyandAdvancedTechnology.1980198119811973AnnualReportIllustrationOurnewlydenedcorporategoalistobuildanaggressiveorganizationspecializingininvestmentsinanengineeringoftransportationandstoragesystemsfordistributionofallformsofenergyandsimilarbulkmaterials.Dr.C.T.WellsPresident1973