Conrad Industries, Inc.
signed six contracts for the construction of seven vessels and a record current backlog of approximately $97.0 million compared to $84.5
million at December 31, 2006.
Bay-Houston Towing Co. and
Suderman & Young Towing Company,
L.P., for which we are currently constructing two tugs at our
Orange Shipbuilding facility, have exercised options for two
additional 98’, Z-Tech 7500 Class Terminal/Escort Tugs, sister
vessels for the others under construction.
Settoon Towing has exercised options for the construction of two
additional 214’x42’x12’ 8,500 bbl. double skin tank barges
similar to two others under construction for Settoon Towing at
our Morgan City facilities.
In addition, contracts were signed for one 120’x30’x7’ deck
barge, one 50’x30’x7’ deck barge and one 100’x30’x7’ spud barge
by two other customers.