Conrad Announces New Contracts and Deliveries

Friday, June 30, 2006
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. Conrad has executed multiple contracts with various customers for deck barges, spud barges, unloading barges, an anchor scow and a crane barge that range in size from 120’x30’x7’ to 200’x40’x7’.

Conrad also announced the recent delivery of its first offshore tank barge in June. The 300’ x 60’ x 24’ double skin tank barge was delivered to Penn Maritime of New York. The barge has a capacity of 35,000 bbls. of asphalt. The barge is ABS Classed and equipped with deepwell pumps, a hot oil heater and accommodations for the barge captain. In addition, Conrad has delivered two of its standard 120 foot deck barges, one to Inland Barge Rental and one to Traylor Brothers. W.C. Fore and T&T Marine, both repeat customers have each taken delivery of 140’ deck barges. Four specialty deck barges designed and constructed for ferry landing service have been delivered to Global Marine Construction, Plainview, NY. Two of the barges are 90’x 35’x 9’, one 80’x 20’x 9’ and one 50’x 35’x 9’. These barges are equipped with special fendering systems, mooring attachments, gangways and handrail arrangements that are necessary to accommodate the end use. The Fish Stocking Vessel, “Spencer F. Baird”, was delivered at end of June to the U.S. Fish and Wildlife Service. The 95’x 30’x 12’9” vessel will be used to stock yearling lake trout and to assess the health of the fish stocks in Lake Michigan and Lake Huron. The vessel is designed to operate year round in the Great Lakes and is ABS Classed Maltese Cross A1, AMS, Survey/Fishing Vessel. Rated at 1600 HP, it has accommodations for 3 crew members and 5 scientists.

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