US Shipyards Investing to Add Serious Lifting Power
Shipyards across the U.S. are investing in new equipment to increase lift capacity, opening up the door for more projects and improved efficiency.Southern California-based Marine Group Boat Works, which performs a mix of yacht, commercial and government vessel repair work, in 2022 repowered its 665-ton Marine Travelift mobile boat hoist—the largest on the West Coast—with a Tier 4 John Deere engine. And earlier this year it was awarded a MARAD Small Shipyard Grant worth more than…
BAE Systems Breaks Ground on Jacksonville Repair Yard Upgrades
BAE Systems held a groundbreaking ceremony officially kicking off a program to upgrade its ship repair facility in Jacksonville, Fla.As part of the $200 million modernization, the company will add a Pearlson Shiplift and land-level repair complex that will boost flexibility and expand the shipyard’s docking capacity by 300%. Located two miles from the Atlantic Ocean, at the intersection of the St. Johns River and the Atlantic Intracoastal Waterway, BAE Systems Jacksonville Ship Repair provides repair…
New Shiplift Will Expand Capacity & Flexibility at BAE Systems Jacksonville
BAE Systems announced it will spend $200 million for upgrades aimed at increasing capacity and flexibility at its Jacksonville, Fla. ship repair yard. The investment covers the preparation, construction, procurement and installation of a modern Pearlson shiplift and land-level ship repair facility, giving the yard the capability to service a greater number of vessels more efficiently.Located two miles from the Atlantic Ocean, at the intersection of the St. Johns River and the Atlantic Intracoastal Waterway…
J.F. Lehman & Company Completes Sale of Atlantic Marine
J.F. Lehman & Company completed the sale of Atlantic Marine Holding Company to a subsidiary of BAE Systems, Inc. Atlantic Marine is a provider of vessel maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services to government and commercial maritime customers. The company has operations in Mobile, AL, Jacksonville and Mayport, FL and Moss Point, MS. JFL has retained the company’s MROC operations in Boston, MA and Philadelphia, PA and a parcel of real estate in Mobile. The sale price was approximately $352 million, subject to customary post-closing adjustments. An investment affiliate of JFL acquired the business in August 2006. Tig H. J.P.
