Conrad awarded contracts totaling $36.6m

Conrad Industries, Inc. announced the award of a contract for the construction of a ferry, and the signing of contracts for the construction of sixteen barges and a major ferry repair, with a total value of $36.6 million.

The Texas Department of Transportation awarded Conrad a contract for the construction of a passenger/vehicle ferry scheduled for delivery during 2009 with a contract price of $22.5 million. The ferry will transport up to 70 cars and work the Galveston terminal.

Also, The Puerto Rico and Municipal Islands Maritime Transportation Authority has executed a contract for a dry dock inspection and general repairs to Motor Vessel Culebra II, a 500 passenger vessel. Additionally, Conrad signed contracts with four different customers for the construction of eleven deck barges, two spud barges and two crane barges.

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Tangsteel looks to shipping

Tangsteel Group, the largest steel company in Hebei Province, said it would team up with a top global shipping company to build and operate its own shipping fleet to cut transportation costs.

 

The steel group initially plans to build two to three ships of about 300,000 tons each to transport the iron ore produced by Brazilian mining companies, which are its major suppliers, said a senior executive at Tangsteel Group, one of the top 10 Chinese steelmakers based in Tangshan of North China’s Hebei Province. The group is negotiating with several potential joint venture partners, including some of the largest global shipping companies.

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Odense to build carriers for Carras Hellas Group

Odense Steel Shipyard Ltd. has concluded contracts with Carras Hellas Group, Greece, for a series of newbuilding Capesize bulk carriers.

 

This new 180,000 dwt design has been developed between Odense and Carras with deliveries beginning in 2009. These orders, which will be built in the largest dock at the shipyard will together with existing orders, fill up the capacity of Odense Steel Shipyard into 2010.

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