Conrad Industries adds barges to backlog

Morgan City, La. headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced the signing of new contracts and sale of stock barges, bringing its estimated current backlog to approximately $92.8 million compared to $86.1 million at September 30, 2010, $41.0 million at June 30, 2010, and $38.3 million at December 31, 2009.  

New contracts include two 245 ft x 48 ft  x 12 ft LPG tank barges and two 222 ft  x 54 ft x 12 ft  LPG tank Barges both sets with approximately 16,000 gross barrel capacity designed for inland waterway operations.

New business added also includes a 250 ft x 72 ft x 12 ft  crane barge and six 120 ft  deck barges.  

Conrad Industries provides both ship repair and new construction services at its four shipyards located in southern Louisiana and Texas.

January 6, 2010