Conrad Industries, Inc. announced its 2025 results and backlog.For the quarter ended December 31, 2025, Conrad had net income of $4.7 million and earnings per diluted share of $0.94 compared to net loss of $14,000 and earnings per diluted share of $0.00 during the fourth quarter of 2024. The Company reported net income of $19.9 million and income per diluted share of $3.
The owners and managers of the M/V Dali, the ship that destroyed Baltimore’s Francis Scott Key Bridge, have brought a claim in the Pennsylvania Court against the vessel’s shipbuilder, Hyundai Heavy Industries Co. Ltd. The M/V Dali was completed and delivered by HHI in 2015, so is 10 years old.
U.S. technology and shipbuilding startup Blue Water Autonomy has entered a production agreement with Louisiana-based Conrad Shipyard to build its first class of autonomous surface vessels, marking a shift from research and development to real-world deployment.The announcement comes weeks after the Boston company, which designs highly producible unmanned ships for the U.S.