Conrad Shipyard: Strength in Diversity

By Greg Trauthwein, Editor
Friday, September 27, 2013
Conrad’s specialty is building barges.

Conrad Shipyard has been a fixture in the inland and offshore new construction and repair marine market for more than six decades. This year the Morgan City, La., company celebrates its 65th anniversary, and while much has changed since the company’s inception in 1948, many of the company’s core values stand strong, namely its adherence to building quality products.
Conrad specializes in the construction, conversion and repair of a wide variety of marine vessels for commercial and governmental customers. It has four shipyards – the main facility in Morgan City, two yards in Amelia, La., and a yard in Orange, TX – and a strong backlog in the newbuild, conversion and repair markets.
A recent addition to the Conrad stable, conveniently located adjacent to its Amelia, La., facility, it is dubbed “Deepwater South.” It is a new construction facility, an additional 50 acres, with the ability to build barges more than 300 ft. in length.
In overview Conrad has a very diverse operation, and an adherence to a philosophy that focuses on customer service. It’s focus on customer service and ability to spot new market opportunities make it a progressive, aggressive and capable competitor in the vibrant Gulf of Mexico region. “With four shipyards, we manage to keep capacity available to handle a diversity of projects,” said Robert A. Sampey II, Business Development Manager, Conrad Shipyard.
“We’ve kept on time delivery as one of our key points.”
Driven simultaneously by the need to replace aging petroleum barge tonnage and by the looming need to transport energy as a result of “fracking” activities in the Midwest, business for Conrad’s signature 30,000 barrel petroleum tank barge has been strong, according to Gary Lipely, Director of Sales & Marketing. “Our shipbuilding business is diverse and strong,” and some of the recent and current jobs include:
•    Pushboats
•    Tugs
•    LPG Barges
•    Tank barges
•     Liftboats
•    Deck Barges
•    Crane Barges

“That doesn’t include everything, but is a highlight of what we’re building across our four shipyards,” said Lipely.
 

Diversity is Key
While Conrad has built and maintained its reputation on its barge business, the diversity of its operation and continued eye towards new opportunities and markets keeps the company humming along. It, like the rest of the industry, is always looking for opportunities in the marine market. Sampey said that Conrad’s build strategy, which stresses diverse manufacturing capabilities and quick delivery cycles, will continue to be key to success in existing markets as well as emerging markets. “When something does come up, we have the capacity to handle short run projects, we’re going to have the building slots available to meet these short deliveries in the emerging market.”
As the energy profile of the United States continues to change, so does the prospects for marine equipment. The quick evolution of the shale gas market has been a boom for builders, suppliers and transporters. “When you look at it, it’s not only about the barges,” said Sampey, “We’re very interested in exploring all this market has to offer.”
In assessing the current status and market potential of its business, Sampey and Lipely put it simply: “We have had a very successful run over the last few years.”

Conrad Q1 ‘13 Results
In May Conrad Industries, Inc. announced its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9m and earnings per diluted share of $0.99 compared to net income of $3.2m and earnings per diluted share of $0.52 during the first quarter of 2012. The diluted shares for the quarter ended March 31, 2013 are 6m compared to 6.1m for the quarter ended March 31, 2012.
Conrad’s backlog was $125.5m at March 31, 2013 compared to $120.7 million at December 31, 2012 and $70.8 million at March 31, 2012.
 

(As published in the September 2013 edition of Maritime Reporter & Engineering News - www.marinelink.com)

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

Shipbuilding

Hyundai Heavy Industries Develops HiCASS

Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it developed Hyundai Intelligent Collision Avoidance Support System (HiCASS) for the first time in

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Ship Repair & Conversion

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free

MAN Extends High Speed Power Range

MAN announced it will present a newly developed 12-cylinder V-engine for use in working vessels at the SMM 2014 trade fair in Hamburg, Germany. The German engine

Germany as a Maritime Location Endangered: VDR

Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry

Workboats

Third RAmparts 2500 Tug for SMIT-Rebras

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Panará, the third of a series of six Robert Allan Ltd.

Smit Lamnalco Aids Transfer of Largest HVDC Platform

Five vessels of Smit Lamnalco, the global marine service provider, played the key role in the unberthing and float-over of the world's largest high voltage direct current (HVDC) platform,

Kirby Awards ATB Contracts to Bay Shipbuilding

Bay Shipbuilding Company (BSC) of Sturgeon Bay, Wisconsin, a subsidiary of Fincantieri Marine Group (FMG), has been awarded a contract to build two 155,000-barrel capacity barges and two 6,

Barges

Pier Damaged at Port Canaveral

Undergoing Repairs While Coast Guard Investigates   The U.S. Coast Guard is investigating a weekend incident that caused pier damage and scattered concrete debris in the harbor on Sunday.

Greenbrier Condoles the Passing of Emeritus Board Member Atiyeh

The Greenbrier Companies, Inc. says it joins all of Oregon in expressing its condolences to the family of Victor G. (“Vic”) Atiyeh, former Governor and past member of Greenbrier’s board of directors.

Bug-O Sees Increased Demand for Zipper Welder

The zipper welder has been in the Bug-O repertoire for quite some time, but the company said it has recently seen a larger demand for it due to increased tank production worldwide.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.2717 sec (4 req/sec)