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Marine Log

February 2, 2007

Conrad wins more barge contracts

Conrad Industries, Inc. reports that it has signed of four contracts for the construction of 26 barges totaling $10.3 million.

The contracts with several repeat customers are for the construction of two 120 ft x 30 ft x 7 ft shale barges, twenty-one 120 ft x 30 ft x 7 ft deck barges, one 195 ft x 35 ft x10.5 ft deck barge, and two 214 ft x 42 ft x12 ft 8,500 bbl. double skin tank barges. Two of the contracts include options for six additional 120 ft x 30 ft x7 ft deck barges and two additional 214 ft x 42 ft x 12 ft 8,500 bbl. double skin tank barges.

Johnny Conrad, President and CEO stated "We are pleased to announce the addition of these core jobs to our backlog. These 26 barges will be constructed at our Morgan City and Amelia yards and are projects that are similar to others that we've previously built. With these additions, our current backlog is approximately $83.0 million compared to $35.4 million at December 31, 2005."