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Monday, October 23, 2017

Conrad Industries

Conrad Industries to Release Quarter Results

Conrad Industries, Inc. plans to release its first quarter earnings during the evening on Wednesday, May 5, 2004. Management of the Company will host a conference call on Thursday, May 6, 2004 at 9:30 a.m. CST, to discuss the Company’s financial results for the quarter ended March 31, 2004.

Conrad Industries Reports Profit, New Orders in Annual Results

US-bsed shipbuilder Conrad Industries records profit, new orders for barges, cargo/passenger ferry, in 2011 results Conrad Industries, Inc. has announced its fourth quarter and twelve months 2011 results and the addition of new business during the first quarter totaling $61.8 million. New business added during the first quarter of 2012 includes the signing of new contracts and sales of stock barges which brings estimated current backlog to approximately $68.7 million, compared to $47

Conrad Shipyard Delivers First of Six Liftboats

Morgan City, Louisiana Conrad Industries, Inc. announced that Offshore Marine Contractors, Inc. took delivery of the first of six liftboats under construction at Conrad Shipyards. It was a beautiful spring day in South Louisiana as Avis Bourg III along with his wife Tiffany and their daughter Lacie, the namesake, christened the 175’ Class liftboat, “Lacie Bourg”. Toby Eymard stated “We are very excited about putting this vessel into

Conrad Appoints Hernandez COO and Announces Resignation of CFO Derbes

Conrad Industries, Inc. announced that the Board of Directors has named Cecil A. Hernandez as its Executive Vice President and Chief Operating Officer, effective immediately. Mr. Hernandez will remain a member of the Board, a position he has held since March 1998. Mr. Hernandez was Conrad’s former Chief Financial Officer between January 1, 1998 and September 30, 2002 and most recently served as President of Summit Management Group LLC.

GE to Supply for Conrad

8V228-300dpi.jpg

GE Marine announced it will provide Conrad Industries, Inc., , with two 8 cylinder V228 medium-speed diesel engines through NREC Power Systems, a GE authorized dealer. The engines will power a passenger/vehicle ferry designed by Alan C. McClure Associates, Inc. and Schuller & Allan LLC, both of . The ferry is being built by Conrad Industries for the Texas Department of Transportation, Austin.  The 264 x 66 x 15-ft

Conrad Announces 2014 Q1 Results

Conrad Industries, Inc. announced its first quarter 2014 results. For the quarter ended March 31, 2014, Conrad achieved net income of $6.4 million and earnings per diluted share of $1.08 compared to net income of $5.9 million and earnings per diluted share of $0.99 during the first quarter of 2013. Conrad’s backlog was $155.8 million at March 31, 2014 compared to $152.9 million at December 31, 2013 and $125.5 million at March 31, 2013.

Conrad Welcomes New Facility

Conrad Industries held a ribbon cutting ceremony yesterday at its new repair and conversion facility in Amelia, La. Several local politicians were on hand including, Bill Cefalu, St. Mary Parish President; Representative Jack Smith, Louisiana District 50; Representative Carla Dartez, Louisiana District 51; State Senator D. A. “Butch” Gautreaux, Louisiana District 21; Dr. Tim Tregle, Mayor of Morgan City; and Emile Babin, President & CEO of the St

Conrad Industries, Inc. Hosts National Safety Seminar

Conrad Industries, Inc. hosted the 2004 Shipbuilders Council of America Fall Safety Seminar at their Morgan City, LA facility, September 22-23. Attendees heard presentations on current shipyard health and safety issues, including CO2 Total Fire Protection Systems, Rigging Safety, and Fall Protection Systems. The Safety Seminar takes place twice a year at SCA member facilities to share current shipyard safety and health information

Conrad Wins $8.9M Towboat Contract

Conrad Industries, Inc. won an $8.9 million contract by the United States Army Corps of Engineers to design and build a 144-ft., 3,300-hp, ABS-Classed welded steel towboat. When delivered, the vessel’s primary mission will be the support of the MAT Sinking Unit revetment operations on the Mississippi River for the Vicksburg District of the United States Army Corps of Engineers

Conrad Industries Ratchet Up Q2 2013 Profits

 Conrad Industries, Inc., headquartered in Louisiana, announce its second quarter and six months 2013 financial results and backlog at June 30, 2013. For the quarter ended June 30, 2013, Conrad had net income of $6.1 million and earnings per diluted share of $1.02 compared to net income of $5.3 million and earnings per diluted share of $0.87 during the second quarter of 2012. The company had net income of $12.0 million and earnings per diluted share of $2

Powerful New ATBs for Vane Bunkering

Photo courtesy of Cummins

The bold blue “V” logo emblazoned on the green-banded white stack continues to proliferate on American waterways. Vane Brothers Company has been expanding its fleet with new construction. Recently the marine transportation company announced a contract for three ATB tugs to be built at the Conrad Orange Shipyard in Orange, Texas. Designed by Greg Castleman of Castleman Maritime LLC, based in Clear Lake Shores, Texas, the 110-foot by 38-foot tugs will be mated to 80

Smith Berger Tow Pins Lead the Way

Smith Berger Marine, Inc. said it has been selected by Edison Chouest Offshore to design and manufacture the Tow Pin Stern Roller units required on its nine new vessels, including five escort tugs and four docking tugs.   Edison Chouest is building the new tugs in order to execute a 10-year Ship Escort-Response Vessel System (SERVS) contract with the Alyeska Pipeline Service Company, for which the tugs will provide tanker escort and spill response services in Prince William Sound.

Conrad Shipyard Founder Parker Conrad Passed Away

John Parker Conrad, Sr. (Photo courtesy of Conrad Shipyard)

John Parker Conrad, Sr., founder of Conrad Shipyard, died peacefully on July 6 surrounded by family and friends at his home in Morgan City, La. He was 101 years old.   A shipbuilding pioneer and a legend along the Gulf of Mexico coast and beyond, Parker founded Conrad Industries in 1948. Conrad now has five shipyards along the Louisiana-Texas coast.   From age 12 to age 17, Parker trained as a Christian Brother, which formed in him a deeply rooted and lifelong commitment to others

Conrad Reports 2Q Profit of $1.4 Mln

For the quarter ended June 30, 2017, U.S. shipbuilder Conrad Industries, Inc. reported a net income of $1.4 million and earnings per diluted share of $0.27, up from $1.3 million and earnings per diluted share of $.25 for the second quarter of 2016.   The company’s net income for the six months ended June 30, 2017 was $1.5 million with earnings per diluted share of $0.29, down from $3.9 million and earnings per diluted share of $.74 for same period last year.  

Conrad Industries Appoints Leonard as VP

Conrad Industries, Inc. announced the appointment of Rene J. Leonard as Vice President of Business Development and Engineering.  "Rene has been in the shipyard business over 25 years in various capacities including naval architect, project engineer, program manager, director of commercial programs and more recently as Vice President – Engineering for the past ten years, overseeing all functional design development, regulatory approvals, and production engineering

Conrad Industries 2Q Revenue Shrinks

Conrad Shipyard Puerto Rico

  Conrad Industries, Inc.  announced today its second quarter and six months 2015 financial results and backlog at June 30, 2015. For the quarter ended June 30, 2015, Conrad had net income of $1.2 million and earnings per diluted share of $0.21 compared to net income of $6.8 million and earnings per diluted share of $1.14 during the second quarter of 2014. The Company had net income of $5.2 million and earnings per diluted share of $0

MARAD Approves Title XI Loan for Gray Offshore

Julius (Photo: Gray Offshore)

A $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges was recently approved by the U.S. Maritime Administration (MARAD).   The three barges, Julius, Cordie and Gwendolyn, were built by Conrad Industries for barge leasing company Gray Offshore, LLC and are currently in service in the Gulf Coast on project cargo moves in Mexico and transporting modules for U.S. refinery upgrades.  

‘Double Skin’ Oil Barge Delivered to Vane Brothers

Double Skin 509A (Photo: BHGI)

The Vane Brothers Company has taken delivery of a 55,000 BBL double hull oil barge, Double Skin 509A. Bristol Harbor Group, Inc. (BHGI) was contracted by the builder Conrad Industries to develop the design of the 361’ x 62’ x 24.5’, 55,000 BBL double skin tank barge. The construction of the barge took place at Conrad Shipyard in Amelia, La. The barge is certified by the American Bureau of Shipping (ABS) and the U.S. Coast Guard (USCG) for oceans-fully manned trade.  

Danos Appoints 3 to Sr. Positions

(Clockwise from top left) John Danos, Marc Distefano and Jack Roszelle Photos Danos

  Danos announces the hiring of Marc Distefano, John Danos and Jack Roszelle to leadership positions with the company.   “We welcome Marc, John and Jack to the Danos team,” said CEO and President Hank Danos. “Their expertise and experience will help us ensure we are delivering outstanding results for our customers.”   John Danos (no relation) serves as construction division general manager

New Tug Delivered to Vane Brothers

Photo: Vane Brothers Company

The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, Md., has taken delivery of the Elizabeth Anne, the first in a new series of 4,200-horsepower tugboats. Vane Brothers has ordered a total of eight Elizabeth Anne Class towing vessels through St. Johns Ship Building in Palatka, Fla., with the second in the series, the Hudson, scheduled for delivery this spring.   According to Vane Brothers President C

Conrad Earnings Down but Backlog Grows

Conrad Shipyard performs repairs and conversions at each of its five shipyards. Photo: Conrad

Conrad Industries, Inc. (OTC Pink: CNRD) announced its fourth quarter and twelve months 2015 results and backlog. For the quarter ended December 31, 2015, Conrad had net income of $3.4 million and earnings per diluted share of $0.63 compared to net income of $5.2 million and earnings per diluted share of $0.88 during the fourth quarter of 2014. The Company had net income of $10.6 million and earnings per diluted share of $1

TOTE LNG Bunker Barge : Crew Training Program

GTT subsidiaries, GTT North America, Inc. and GTT Training Ltd, announce the award of the first contract of its kind for the development and implementation of a comprehensive LNG (Liquefied Natural Gas) training program for the 2,200 m3 LNG Bunker Barge currently under construction at Conrad Industries Shipyard in Orange, TX, following the order received by GTT North America from Conrad Industries in February 2015. The contract was executed with the barge's owner TOTE on April 6th, 2016

Conrad Declares Dividend

Photo Conrad Industries, Inc.

Conrad Industries, Inc. which provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas, announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock. The dividend is payable on June 14, 2016 to shareholders of record on May 24, 2016. Established in 1948 and headquartered in Morgan City, Louisiana, Conrad Industries designs, builds and overhauls tugboats, ferries, liftboats, barges

Conrad Shipyard Forms LNG Business Unit

Conrad LNG Vice President Brett Wolbrink (Photo: Conrad Shipyard)

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges, dual-fuel powered towboats and other research and development projects.   “We believe the continued development of the LNG fuel market to be of critical importance

New Ferry MV Woods Hole Delivered

M/V Woods Hole during sea trials (Photo: Brian King)

The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket.   Built by Conrad Industries of Morgan City, La., the Elliott Bay Design Group (EBDG) designed ferry is the naval architects’ second design for The Steamship Authority. EBDG's scope for the project included extensive concept design, which proceeded to a design validation with CFD and towing tank development of the hull form

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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