Water does have thermal conductivity, however, it behaves in a convective manner the moment there are temperature differences in a volume. In practise, thermal conductivity will define how quickly heat is transferred to the liquid, adjacent to the heat source, but convection will dominate what happens to the heat next.
There are many sites citing the properties, e.g. http://www.engineeringtoolbox.com/water-properties-d_1508.html. You can derive the relationship from there.