Conrad Adds to Backlog
Conrad Industries, Inc. won contracts totaling $13.5 million to build two 300 x 60 x 24-ft. 35,000 Barrel Double Hulled Oil Tank Barges for Penn Maritime, Inc., and to repair, renovate and perform hull modifications to a riverboat casino to be operated in Mississippi. excess capacity at our Deepwater facility which helps us capitalize on our investment there. currently owns and operates 20 barges and 14 tugboats making Penn one of the largest U.S. transporters of residual oil and heated asphalt products. Subchapter D cargoes. Hancock County, Mississippi.
The Petroleum Connection
All of the growth markets in the commercial marine marketplace have something to do with petroleum. Supply and crew/supply boats directly support drilling activity and Articulated Tug Barges (ATB) distributes crude, refined or an oil byproduct to refiners or distributors. The ATB represents a big advance in transporting these oil products over a pushboat pushing a tow of petroleum barges. Typically an ATB is one large barge with capacity from 80,000 to 160,000 barrels being pushed by a tug that fits into a notch in the barge. An advanced coupling system permits easy coupling and uncoupling of the two units. With typical barge and pushboat units, the coupling system uses winches and wire ropes to lash the barges together and also secure the barge tow to the pushboat.
