Marine Log

November 14, 2006

Foss orders bunkering barges at Conrad

Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) has signed a contract with Foss Maritime Company for three 35,000 bbl. double skin barges that will be equipped as bunkering barges for Foss Maritime's west coast operations.

The 290 ft x 62 ft x 18 ft 6 in barges will be built at Conrad's Orange, Texas facility.

Johnny Conrad, President and CEO stated "We currently have two 26,000 bbl. double skin barges for Foss under construction at Orange and we are pleased that Foss has the confidence in Conrad to award us these additional barges. This brings the number of double skin OPA 90 compliant tank barges currently under construction for Foss to five barges."

"These state of the art bunker barges will provide an unsurpassed level of environmental protection in the harbors they will serve," said Gary Faber, President & Chief Operating Officer of Foss Maritime Company. "With double hulls, vapor canisters to process cargo emissions and a gauging system that provides three levels of redundant overfill protection, our expert crews will have the best possible tools to deliver our customers fuel oil safely,"