Conrad Snags Several Key Newbuild Contracts

Wednesday, March 27, 2002
Conrad Industries, Inc.'s President and CEO, Kenneth G. "Jerry" Myers, Jr., said recently that the company was the recipient of several newbuild programs. Myers reported that the company was awarded contracts for two 75-ft. tug boats with four options for a total of a six boat program. This new class of tugs will be ABS classed and include double bottoms in the fuel tanks. Myers said, "Work on the initial tug will begin immediately with delivery of the first vessel scheduled for December 2002. This program fits well with our strategic direction of making the Company's Orange Shipbuilding group, located in Orange, Texas, the premier tug boat builder. Orange Shipbuilding has a long history of building tug boats dating back to the beginning of the Company in 1974. Since that time Orange has constructed 43 tug boats." The company has also been notified by the State of North Carolina that it was the low bidder on their 180 ft. ferry boat. Contract award is expected to be made in April. Myers said, "This work will also be performed by Orange Shipbuilding which completed a similar vessel in 1992." Myers said, "The combined value of these contracts, options and expected contract award approximates $16 million.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships

India Buys 4 P-8I Maritime Planes

India has inked a deal with the US defence and aerospace giant Boeing to procure four more Poseidon-8I (P-8I) long-range surveillance and anti-submarine warfare

Technip Bags Woodside's Subsea Contract

Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water

Legal

Safety and Preparation on the Brownwater Radar

Weather Channel Forecasters are predicting a “near-average” hurricane season for 2016, but warn that an average season does not mean businesses and residents shouldn’t prepare for the worst.

China, Russia Navies to hold S. China Sea Drills

China and Russia will hold "routine" naval drills in the South China Sea in September, China's defence ministry spokesman Yang Yujun told a news conference on Thursday.

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.1429 sec (7 req/sec)