Conrad Industries, Inc. engaged in the construction, conversion and repair of a range of steel and aluminum marine vessels for commercial and government customers. These vessels include tugboats, ferries, lift boats, offshore and inland barges, aluminum crew/supply vessels, and other offshore support vessels. The Company operates five shipyards, one in Morgan City, Louisiana; three in Amelia, Louisiana; and one in Orange, Texas. The Company operates through two segments: vessel construction and repair and conversions. Its vessel construction segment involves the building of a new vessel, including engineering and design. Its repair and conversions segment involves work on an existing vessel. Vessel construction activities are primarily performed in shore-based buildings and dedicated work areas, whereas repair activities primarily occur on floating drydocks or on the vessel itself while afloat.