Conrad to Build Tugs for Bay-Houston and Suderman & Young

Thursday, November 16, 2006
Conrad Industries, Inc. has signed two contracts for construction of two 98-ft., Z-Tech 7500 Class Terminal/Escort Tugs with Bay-Houston Towing Co.and Suderman & Young Towing Company, L.P. These ABS -classed tugs will provide harbor tug services for LNG vessels calling at the Freeport LNG terminal which is currently under construction in the Port of Freeport, Texas. G&H Towing Company of Galveston, Texas will operate the two tugboats. Johnny Conrad, President and CEO said "We are excited to add Bay- Houston and Suderman & Young as customers. These two new contracts are scheduled to be constructed at our Orange Shipbuilding facility which has constructed sixty-five tugs and towboats since 1974. With these additions, our current backlog is at a record high of approximately $93m.”

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