Conrad Industries Ferry Contract Award

Wednesday, September 30, 2009

Conrad Industries, Inc. (Pink Sheets: CNRD) announced that it has been awarded a contract for the construction of a passenger/vehicle ferry with a value of $13m, which brings the current backlog to approximately $56.8m compared to $40.6m at June 30, 2009, $56.3m at December 31, 2008 and $74.8m at September 30, 2008.

The North Carolina Department of Transportation awarded the contract to Conrad for the construction of a 220-ft passenger and vehicle ferry for service between the Cedar Island, NC and the Ocracoke Island, NC terminals. The vessel is capable of transporting 300 passengers and 50 vehicles, and will be built at our shipyard in Orange, Texas.

Johnny Conrad, President and CEO stated, "Our working relationship with the North Carolina Department of Transportation dates back to 1991, and this will be the third ferry built for them. Production of the new vessel is scheduled to begin in December 2009 with delivery during the second quarter of 2011."

(www.conradindustries.com)

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB").

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.

DoD Awards Ingalls 'USS Ronald Reagan' Contract Modification

U.S. Department of Defense (DoD) informs that Huntington Ingalls Inc., Newport News, Virginia, is being awarded a US$13,759,894 modification to previously awarded cost-plus-award-fee,

Passenger Vessels

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Concordia Tow Update: Smooth Sailing

The Costa Concordia wreck removal team reported this morning at 10:30 a.m. that after 22 hours of navigation, the convoy was over 50 miles off Giglio Island with about 140 miles from Genoa PrĂ -Voltri.

Royal Caribbean Profit Jumps on Higher European Demand

Royal Caribbean Cruises Ltd's quarterly profit beat analysts' average estimate as demand for its European and Chinese cruises increased and passengers spent more on board,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1023 sec (10 req/sec)