Conrad Shipyard has formed a new business unit focused on LNG projects. Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges, dual-fuel powered towboats and other research and development projects. “We believe the continued development of the LNG fuel market to be of critical importance. Not only will it provide positive change with respect to environmental emissions, but will ultimately provide significant long term positive economic results for Owners and Operators,” said Conrad President and CEO, Johnny Conrad. “We want Conrad to be an active participant and a leader in the development of this market.” Conrad Vice President, Brett Wolbrink, who has served in a number of management positions with the shipyard, has been selected to lead the new business unit. “In Conrad’s 68 year history, we have had the opportunity to not only witness, but actively participate in, many historical and technologically innovative transformations in the marine industry. We see the LNG marine fuel market as the next logical progression in this history,” Wolbrink said. “Conrad has the experience, the workforce, the facilities and the leadership to not only take advantage of these opportunities
Morgan City, Louisiana Conrad Industries, Inc. announced that Offshore Marine Contractors, Inc. took delivery of the first of six liftboats under construction at Conrad Shipyards. It was a beautiful spring day in South Louisiana as Avis Bourg III along with his wife Tiffany and their daughter Lacie, the namesake, christened the 175’ Class liftboat, “Lacie Bourg”. Toby Eymard stated “We are very excited about putting this vessel into
US-bsed shipbuilder Conrad Industries records profit, new orders for barges, cargo/passenger ferry, in 2011 results Conrad Industries, Inc. has announced its fourth quarter and twelve months 2011 results and the addition of new business during the first quarter totaling $61.8 million. New business added during the first quarter of 2012 includes the signing of new contracts and sales of stock barges which brings estimated current backlog to approximately $68.7 million, compared to $47
Conrad Industries, Inc., headquartered in Louisiana, announce its second quarter and six months 2013 financial results and backlog at June 30, 2013. For the quarter ended June 30, 2013, Conrad had net income of $6.1 million and earnings per diluted share of $1.02 compared to net income of $5.3 million and earnings per diluted share of $0.87 during the second quarter of 2012. The company had net income of $12.0 million and earnings per diluted share of $2
The top stories this week covered everything from a DP system failure, a facelift for a WWII torpedo boat, and some mysterious tankers off the coast of Philadelphia. The tanker Olympic Flag was carrying 650,000 barrels of Angolan crude when it dropped anchor seven miles off the coast of Delaware Bay last November. It finally left two weeks ago, but not before being joined by five other tankers. Nobody seems to know why the tankers were idling offshore that long
The Vane Brothers Company has taken delivery of a 55,000 BBL double hull oil barge, Double Skin 509A. Bristol Harbor Group, Inc. (BHGI) was contracted by the builder Conrad Industries to develop the design of the 361’ x 62’ x 24.5’, 55,000 BBL double skin tank barge. The construction of the barge took place at Conrad Shipyard in Amelia, La. The barge is certified by the American Bureau of Shipping (ABS) and the U.S. Coast Guard (USCG) for oceans-fully manned trade.
Conrad Industries, Inc. hosted the 2004 Shipbuilders Council of America Fall Safety Seminar at their Morgan City, LA facility, September 22-23. Attendees heard presentations on current shipyard health and safety issues, including CO2 Total Fire Protection Systems, Rigging Safety, and Fall Protection Systems. The Safety Seminar takes place twice a year at SCA member facilities to share current shipyard safety and health information
Conrad Industries, Inc. announced that the Board of Directors has named Cecil A. Hernandez as its Executive Vice President and Chief Operating Officer, effective immediately. Mr. Hernandez will remain a member of the Board, a position he has held since March 1998. Mr. Hernandez was Conrad’s former Chief Financial Officer between January 1, 1998 and September 30, 2002 and most recently served as President of Summit Management Group LLC.
Conrad Industries, Inc. announced its first quarter 2014 results. For the quarter ended March 31, 2014, Conrad achieved net income of $6.4 million and earnings per diluted share of $1.08 compared to net income of $5.9 million and earnings per diluted share of $0.99 during the first quarter of 2013. Conrad’s backlog was $155.8 million at March 31, 2014 compared to $152.9 million at December 31, 2013 and $125.5 million at March 31, 2013.
A raft of new and innovative concepts for LNG barge missions hits the market, in North America and across the pond, as well. Industry gears up for the soon-to-come need for bunkering, infrastructure and LNG-related logistics. In 2014, innovation – as it turns out – means new ideas for the (previously) boring subject of marine barges. It also means LNG. Paired together, LNG and barges are giving naval architects
Conrad Industries, Inc. which provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas, announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock
Vane Brothers, a marine transportation provider headquartered in Baltimore, has added two vessels to its fleet: the 4,200-horsepower tugboat Hudson and 55,000‐barrel barge Double Skin 601. The Hudson is the second of eight vessels in Vane’s Elizabeth Anne Class of 4
M/V Woods Hole, a 235-foot long passenger ferry built for the Steamship Authority of Woods Hole, Mass., was christened on May 20 at Conrad Aluminum in Amelia, La. The ferry, with a beam of 64-feet, a draft of 10.5-feet and a hull depth of 18-feet
Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million investment that is designed to support Young Brothers’ overally service efficiency
Conrad Industries, Inc. announced today its second quarter and six months 2015 financial results and backlog at June 30, 2015. For the quarter ended June 30, 2015, Conrad had net income of $1.2 million and earnings per diluted share of $0.21 compared to net income of $6
A $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges was recently approved by the U.S. Maritime Administration (MARAD). The three barges, Julius, Cordie and Gwendolyn, were built by Conrad Industries for barge leasing company Gray
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.
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
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
Senior U.S. Coast Guard leaders and liquefied-gas-industry experts from around the country came together the second week of December at Sector Houston-Galveston to prepare for the increased use of liquefied gases throughout the maritime community and gain a deeper understanding of the intricacies
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.
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 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
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
GTT subsidiaries, GTT North America, Inc. and GTT Training Ltd, announce the award of the first contract of its kind for the development and implementation of a comprehensive LNG (Liquefied Natural Gas) training program for the 2,200 m3 LNG Bunker Barge currently under construction at Conrad