Shipbuilder Conrad Industries, Inc., announced it has appointed Cecil A. Hernandez as president and chief executive officer.
Towboat deliveries rise with demand for low-horsepower, modern vessels. Barge builds rebound despite cost concerns. New innovations target electrification.
With demand forecasts flat and political uncertainty mounting, U.S. Gulf oil and gas producers are holding back on new investments. Drilling and vessel utilization are expected to decline in 2025.
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