United Defense Completes Acquisition of Honolulu Shipyards Assets

Wednesday, March 03, 2004
United Defense Industries, Inc. has completed its acquisition of the U.S. Navy ship repair business of Honolulu Shipyard Inc. (HSI) for $16.1 million. HSI had revenues of $40 million in 2003. The new company, Hawaii Shipyards, Inc., will continue to partner with Southwest Marine (SWM), a unit of United States Marine Repair (USMR), a UDI subsidiary. The Company recently announced a teaming agreement with Bath Iron Works, a subsidiary of General Dynamics, for work on the USS CHAFEE (DDG 90), home ported in Hawaii. "I welcome the HSI team to our family of shipyards," said Al Krekich, president of USMR. "We look forward to working with this well-established, talented group of ship repair professionals. HSI has been a vital member of the community since the 1920's, and they have grown to become the premier ship repair firm on the island. Together we can provide the Navy with an even higher level of expertise and customer service." United States Marine Repair serves the U.S. Navy, its primary customer, and other defense and commercial customers at ship repair operations in Norfolk, Va.; San Diego, San Francisco and San Pedro, Calif.; Pearl Harbor, Hawaii; and Ingleside, Texas.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MOL Expands Container Fleet

Mitsui O.S.K. Lines, Ltd. announced today that the company has signed a deal for construction of four 20,000 TEU containerships with Samsung Heavy Industries.

Delay in Relocating Guangzhou Shipyard

Guangzhou Shipyard International (GSI) has not commenced the relocation of its factory. According to the plan of Guangzhou city, the shipyard should have finished

Mitsubishi Bags Fourth LPG Carrier Order from Astomos

Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier.     The 83,

Salvage

Ship Carrying Cattle Sinks enRoute to UAE

A vessel carrying hundreds of cattle exported from Somalia to Saudi Arabia capsized off Oman coast on Saturday after being hit by stormy weather, according to reports from Arab media.

Lysblink Seaways to Be Towed to Shelter

Cargo ship Lysblink Seaways, which ran aground on Scotland’s west coast February 18, will be transported to shelter this afternoon after a successful ship-to-ship

Fuel to Be Pumped from Grounded Cargo Ship

The ship to ship transfer of the fuel oil from the grounded cargo ship Lysblink Seaways is scheduled to begin tomorrow morning as better weather conditions provide a work window between 3 a.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1354 sec (7 req/sec)