Conrad Industries Announces Great Lakes Exercise of Option to Build Second 6,500- cubic-yard-capacity Trailing Suction Hopper Dredge
Conrad Industries (CNRD) announced that Great Lakes Dredge & Dock exercised its contract option to build a second 6,500-cubic-yard-capacity Trailing Suction Hopper Dredge. Construction will occur at the Deepwater South shipyard in Amelia, LA, with delivery anticipated in Q1 2025. CEO Johnny Conrad emphasized a strong relationship with Great Lakes, focusing on quality and safety. Conrad Industries designs and builds various marine vessels, servicing both commercial and government markets, with operations across Louisiana and Texas.
- Exercise of contract option by Great Lakes indicates strong demand for Conrad's dredging services.
- Enhanced product development resources and design portfolio to meet customer needs.
- None.
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MORGAN CITY, La., June 20, 2022 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today that Great Lakes Dredge & Dock Corporation ("Great Lakes") has exercised its contract option to build a second 6,500-cubic-yard-capacity Trailing Suction Hopper Dredge with its subsidiary, Conrad Shipyard, LLC. The dredge will be constructed at the Deepwater South shipyard in Amelia, LA, with expected delivery in the first quarter of 2025.
Johnny Conrad, Chairman and Chief Executive Officer commented, "Great Lakes has been a valued customer of Conrad for decades. Over the years, we have developed a great working relationship based on mutual trust, respect, and a shared focus on quality and safety."
Conrad continued, "The dredge market has always been a key focus for Conrad, and we have extended our design portfolio and increased our product development resources to help meet our customers' needs across the dredge market product categories. We look forward to working with the Great Lakes team to safely deliver yet another vessel to serve the US dredging market."
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 five shipyards located in southern Louisiana and Texas.
For Information Contact:
Cecil Hernandez (985) 702-0195
CAHernandez@ConradIndustries.com
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SOURCE Conrad Industries, Inc.
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