Conrad Terminates Negotiations with Swiftships

Thursday, October 10, 2002
Conrad Industries, Inc. announced the award of a new construction program for the Corps of Engineers totaling $22.2 million which brings the total current backlog to approximately $33.2 million, excluding an option for one towboat valued at $5.6 million. The contract award calls for the construction of three 124-ft., 3000 hp, ABS Class towboats valued at $16.6 million with an option for one additional towboat valued at $5.6 million. When delivered, these vessels will perform scheduled and emergency maintenance on the upper Mississippi and Ohio Rivers. Kenneth G. (“Jerry”) Myers, Jr., Conrad’s President and CEO commented, "We’re excited about the opportunity to work again for the Corps of Engineers. Our Orange Shipbuilding operation, where the work will be performed, has a rich history of successfully working for the Corps with eight vessels delivered since 1995.” Additionally, Conrad announced today that it has terminated negotiations under the non-binding letter of intent executed August 12, 2002 regarding the purchase of substantially all of the assets of Swiftships Shipbuilders, LLC and Swiftships Technologies, LLC.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NOIA Applauds RI Offshore Wind Project

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm,

BTP Handles Millionth Container

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos,

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1801 sec (6 req/sec)