Conrad Industries, Inc. is expanding its products and services to include aluminum marine fabrication, repair and conversion for both commercial and government customers. The expansion is part of a $5.5 million investment in one of the company's existing facilities in Amelia, La. Kenneth G. "Jerry" Myers, Jr., Conrad's President and CEO said, "We are extremely excited to announce our entrance into the aluminum marine fabrication, repair and conversion business via our subsidiary, Conrad Aluminum, L.L.C. This expansion is being made possible as a result of the direct support we have received from the State of Louisiana and St. Mary Parish. The creation of this new line of business allows us to selectively pursue opportunities arising out of the changing demands of the industries we serve." The financing of this expansion includes a $1.5 million grant by the State of Louisiana through the Economic Development Award Program (EDAP) and $4.0 million of Industrial Revenue Bonds to be issued by the St. Mary Parish Industrial Revenue Board. The investment includes a 37,500 sq. ft. two bay building, six overhead cranes and a 300-ton travel lift.
Morgan City, La.-based Conrad Industries Inc., announced it has been awarded a contract to build a ferry for the State of Texas and numerous other contracts totaling $36.6 million. The Texas Department of Transportation awarded Conrad the contract for a 264-foot-long passenger/vehicle ferry for the Galveston, Texas, terminal. The $22.5 million vessel is scheduled for delivery in 2009. Conrad also announced it will build 11 120-foot deck barges
Conrad Industries, Inc. announced that it has executed a letter of intent for the purchase of the assets of Swiftships Shipbuilders, LLC and Swiftships Technologies, LLC for approximately The Swiftships companies would also be eligible to receive an additional amount based on the performance of the assets during a three-year period after the closing. The Swiftships companies would use the proceeds of the asset sale to pay creditors
Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced the delivery of an aluminum passenger vessel for Puerto Rico Maritime Transportation Authority (PRMTA). The Cayo Blanco can carry 600 passengers on two decks. She measures 160 ft x 32 ft x 13 ft and the vessel route is from Fajardo to Vieques and Culebra in Puerto Rico. She is powered by four MTU 12V-4000 M60 main engines with MGX 6848 Twin Disc gears. The generators are John Deere and there is a 200 hp tunnel bow thruster
Conrad Industries, Inc. announced the signing of contracts for the construction of fourteen barges, two tugs, a ferry and a major ferry repair, with a total value of $50.3m which brings the current backlog to approximately $106m compared to $93.4 million at September 30, 2007 and $84.5 million at December 31, 2006. The barges include four 222’x54’x12’LPG tank barges which are a new addition to Conrad’s portfolio of products. These will have
Morgan City, Louisiana-based Conrad announce positive third quarter 2013 results, and is to pay a special cash dividend of $2.00 per share. For the quarter ended September 30, 2013, Conrad had net income of $6.5 million and earnings per diluted share of $1.09 compared to net income of $4.4 million and earnings per diluted share of $0.74 during the third quarter of 2012. The Company had net income of $18.5 million and earnings per diluted share of $3
Morgan City, Louisiana (August 15, 2011) - Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today its second quarter and six months 2011 financial results. For the quarter ended June 30, 2011, Conrad achieved net income of $5.2 million and earnings per diluted share of $0.81 compared to net income of $3.6 million and earnings per diluted share of $0.56 during the second quarter of 2010. The Company had net income of $8.9 million and earnings per diluted share of $1
Conrad Industries, Inc. announced the award of a $9.5 million contract for the Alaska Marine Highway System. The contract award calls for the construction of a 181-ft. ferry capable of transporting 149 passengers and 18 vehicles. When delivered, the vessel will provide service between Metlakatla and Ketchikan, two of the Inside Passage of Alaska’s southernmost communities. Kenneth G. (“Jerry”) Myers, Jr., Conrad’s President and CEO commented
Conrad Industries, Inc. intends to voluntarily delist its common stock from Nasdaq on or about March 30, 2005. Simultaneously with delisting, the Company will file a Form 15 with the Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and to suspend its obligation to file reports under Section 15(d) of the Exchange Act.
Conrad Industries, Inc. signed contracts during the second quarter of 2006 for the construction of fourteen vessels totaling $28.8 million and the delivery of nine vessels in recent months. Offshore Marine Contractors has executed contracts for two 175 foot class 110’x 64.5’x 9’ liftboats and for a 200 foot class 111’x66.5’x10’liftboat. These add to the other three 175 foot class liftboats in progress previously announced by Conrad.
IN.MOTION Technology Distribution, LLC, announced the launch of a new milling disc designed for fast, efficient beveling, weld preparation and weld repair. According to the manufacturer, these new discs offer a higher material removal rate than any conventional abrasive
The last piece of the LNG infrastructure puzzle, in the form of North America’s first LNG bunker barge, falls into place at Conrad’s Orange, Texas Shipyard. With continued debate over new emissions standards and compliance dates hanging over the heads of operators in the Emission
Kvichak Marine Industries, a Vigor Industrial Company, was awarded a contract by the Water Emergency Transportation Authority (WETA), San Francisco, Calif. for the design and construction of two all-aluminum 400 passenger-only ferries.
CWind, a provider of services to the offshore wind industry, has placed an order for four new crew transfer vessels from Aluminium Marine Consultants (AMC), a shipbuilding and consulting company based on the Isle of Wight. The order consists of two 23m aluminum catamarans and two 26m aluminum
Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels, the E Series crane is available primarily in a 1,000-lb model with a 1
WesPac Midstream LLC (WesPac) and its affiliate Clean Marine Energy LLC (CME), announced a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America. The first 2,200 cu. m
Willard Marine, Inc. has been awarded a contract to supply the Nepal Army with two newly designed aluminum riverine boats. Under the contract, issued by the U.S. Navy Foreign Military Sales (FMS) office, Willard Marine is producing two 31
From the four-story office tower, housing 100 technical engineers and administration staff, to the 65,000-square-meter yard with extensive fabrication and machine shops and a huge dry dock, the Xin Yue Feng Shipyard has been building every more sophisticated vessels
Automated welding equipment helps aluminum boat designer and builder navigate to increased productivity; advanced machines speed the fabrication process while maintaining high weld quality at MetalCraft Marine The fast-paced marine industry faces constant demands for efficiency and
Torqeedo has updated its electric outboards with a new design to meet the demands of commercial users. Available in comes in 5 hp and 8 hp equivalents, the Cruise is an electric solution for pontoon boats, sailboats, small boats, workboats
Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America.
Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels UAE-based shipbuilder Triangle Marine Services has laid the keels of two new 45-meter Aluminum Fast Offshore Support Vessels
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of LNG liquefied natural gas (LNG), announced that its U.S. subsidiary GTT North America (GTTNA) has received an order for one LNG bunker barge.
WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance
The Shearer Group and Conrad Shipyard collaborate on an ABS approved LNG Towboat Design. What happens next could change inland shipping forever. The December announcement that Conrad Shipyard, L.L.C. and The Shearer Group, Inc. (TSGI) had worked together to develop the design of a Liquefied