MORGAN CITY, La., Feb. 1 /PRNewswire-FirstCall/ -- Conrad Industries, Inc. (OTC Pink Sheets: CNRD) announced today the signing 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'x30'x7' shale barges, twenty-one 120'x30'x7' deck barges, one 195'x35'x10'6" deck barge, and two 214'x42'x12' 8,500 bbl. double skin tank barges. Two of the contracts include options for six additional 120'x30'x7' deck barges and two additional 214'x42'x12' 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."
Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.
Contact:
Analysts, Financial Community, Media
Cecil Hernandez (985) 702-0195
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