Marine Log

June 29, 2006

Conrad Industries adds to order book

Conrad Industries, Inc., Morgan City, Louisiana, says it signed contracts during the second quarter of 2006 for the construction of fourteen vessels totaling $28.8 million and the delivery of nine vessels in recent months.

Offshore Marine Contractors has executed contracts for two 175 foot class 110 ft x 64.5 ft x 9 ft liftboats and for a 200 foot class 111 ft x 66.5 ft x10 ft liftboat. These add to three other 175 foot class liftboats in progress previously announced by Conrad.

Conrad has executed multiple contracts with various customers for deck barges, spud barges, unloading barges, an anchor scow and a crane barge that range in size from 120 ft x 30 ft x 7 ft to 200 ft x 40 ft x 7 ft.

Johnny Conrad, President and CEO stated "We are continuing to add longtime core products to our backlog with valued, repeat customers. With these additions, our current backlog is approximately $70 million compared to $51 million at March 31, 2006 and $34 million at December 31, 2005."

Conrad also announced the recent delivery of its first offshore tank barge in June.

The 300 ft x 60 ft x 24 ft double skin tank barge was delivered to Penn Maritime of New York. The barge has a capacity of 35,000 bbls. of asphalt. The barge is ABS Classed and equipped with deepwell pumps, a hot oil heater and accommodations for the barge captain.

In addition, Conrad has delivered two of its standard 120 ft deck barges, one to Inland Barge Rental and one to Traylor Brothers.

W.C. Fore and T&T Marine, both repeat customers have each taken delivery of 140 ft deck barges.

Four specialty deck barges designed and constructed for ferry landing service have been delivered to Global Marine Construction, Plainview, N.Y.

Two of the barges are 90 ft x 35 ft x 9 ft, one 80 ft x 20 ft x 9 ft and one 50 ft x 35 ft x 9 ft.

These barges are equipped with special fendering systems, mooring attachments, gangways and handrail arrangements that are necessary to accommodate the end use.

The Fish Stocking Vessel, "Spencer F. Baird", was delivered at end of June to the U.S. Fish and Wildlife Service.

The 95 ft x 30 ft x 12.75 ft vessel will be used to stock yearling lake trout and to assess the health of the fish stocks in Lake Michigan and Lake Huron.

The vessel is designed to operate year round in the Great Lakes and is ABS Classed Maltese Cross A1, AMS, Survey/Fishing Vessel. Rated at 1,600 HP, it has accommodations for 3 crew members and 5 scientists.

Conrad Industries, Inc., headquartered in Morgan City, provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.