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CONRAD ALUMINUM

News: Conrad Expands into Aluminum

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.


Conrad Industries Announces Award of Ferry Contract

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 Enters into Letter of Intent with Swiftships

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 Signs Contracts Totaling $50.3m

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


Conrad Shipyard Delivers Ferry

Photo courtesy Conrad Industries

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 Appoints Leonard as VP

Conrad Industries, Inc. announced the appointment of Rene J. Leonard as Vice President of Business Development and Engineering.  "Rene has been in the shipyard business over 25 years in various capacities including naval architect, project engineer, program manager, director of commercial programs and more recently as Vice President – Engineering for the past ten years, overseeing all functional design development, regulatory approvals, and production engineering


Conrad Awarded Ferry Contract

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 Announces Second Quarter 2011 Results

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' Performance Rides High in Q3 2013

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


Conrad Announces Management Team Changes

Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer.   Johnny Conrad, President and Chief Executive Officer, said, “Scott has been in the shipyard business since 1976 in various positions spending the majority of his career with Bollinger Shipyards and was a member of Bollinger’s senior management team for a total of 25 years. Most recently


Liverpool Industry Inspires GenNex Mariners

Cadets with Bibby Ship Management and X-Press Feeders staff Photo By Bibby Ship Mngmt

Major global independent common carrier, X-Press Feeders and Bibby Ship Management have put training at the forefront of their investment into the next generation of highly trained and capable crew, by enrolling a group of young aspiring seafarers onto their Trainee Engineering Officer and Trainee


Conrad Earnings Down but Backlog Grows

Conrad Shipyard performs repairs and conversions at each of its five shipyards. Photo: Conrad

Conrad Industries, Inc. (OTC Pink: CNRD) announced its fourth quarter and twelve months 2015 results and backlog. For the quarter ended December 31, 2015, Conrad had net income of $3.4 million and earnings per diluted share of $0.63 compared to net income of $5


MARAD Grants $4.9 Million for US Shipyards

Photo: Chesapeake Shipbuilding

The U.S. Department of Transportation’s Maritime Administration (MARAD) today awarded $4.9 million in grants to support capital improvements at nine small shipyards located throughout the United States. Provided through the Small Shipyard Grant Program


Incat Crowther Supplies Crewboat Design, Build Kits

Image: Incat Crowther

Incat Crowther has been awarded a contract with shipbuilder Astinave EP of Guayaquil, Ecuador for the supply of vessel design services and aluminum component kits for a pair of 22.5m monohull crewboats currently under construction for an undisclosed client


ABS to Class US' First LNG Bunker Barge

ABS has been selected to class an LNG bunker barge under construction at Conrad Orange Shipyard, Inc, a division of Conrad Shipyard, LLC, for WesPac Midstream LLC and Clean Marine Energy LLC (CME), the classification society announced.  


Transpacific Container Lines Address Economic Pressures Ahead in 2016

Pic: Transpacific Container Lines

 In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) have announced a phased increase in rates and a package of 2016-17 service contract guidelines intended to ensure


Grandweld Delivers Vessel to ADNOC

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC).   Grandweld took the newbuild project from conception to completion, designing and building the 50-meter long vessel with a 65-ton bollard


November Cargoes Reflect Diversity of Seaway Shipments

Photo: Great Lakes Seaway Partnership)

“Agricultural commodities along with dry bulk, general cargo and containerized goods continued to enhance cargo tonnage on the Great Lakes-St. Lawrence Seaway System during the month of November,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation


US LNG Bunker Barge Nearing Launch Date

Photo: CME

North America’s first LNG bunker barge is scheduled to be launched in February of 2016, Clean Marine Energy LLC (CME) announced following a U.S. Coast Guard (USCG) and Society of International Gas Tanker and Terminal Operators (SIGTTO) hosted tour at Conrad Shipyard in Orange, Texas


NSRP Selects Next Round of Shipbuilding R&D Projects

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part of the program's continuing mission to reduce costs associated with U. S. shipbuilding and ship repair


Moore Boat Debuts 25-foot Outboard

Photo: Moore Boat

Moore Boat has introduced its all new aluminum 25-foot outboard, The Moore 25 OB.   The Moore 25 OB was designed in house and with the assistance of CDI - Band Lavis Division. The new boat is the builder’s first application of its patented Moore Boat hull design propelled by an


New Boat Delivered to Royal Bahamas Police Force

Photo: SAFE Boats

SAFE Boats International, a manufacturer of aluminum, patrol and response boats located in Bremerton, Wash., has manufactured and delivered two new 41-foot Center Console – Offshore Interceptors for the Royal Bahamas Police Force adding to its growing fleet of SAFE Boats.  


Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.   


USACE Orders Foil-assisted Survey Catamaran

Image: AAM

All American Marine to construct hydrofoil-assisted survey catamaran for USACE Philadelphia District   The U.S. Army Corps of Engineers (USACE) has awarded a contract to All American Marine, Inc. (AAM) for the design and construction of a new hydrofoil supported aluminum catamaran survey


AAM to Construct USACE Survey Catamaran

Photo: USACE

All American Marine, Inc. (AAM) was recently awarded a contract by the U.S. Army Corps of Engineers (USACE) for the design and construction of a new hydrofoil supported aluminum catamaran survey vessel.    The vessel will primarily perform survey missions and some dive operations in






 
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