Marine Hydraulics Intl News

BAE Systems  entered into a definitive agreement with American Maritime Holdings, Inc. to acquire Marine Hydraulics International, Inc. (“MHI”), a privately held company that operates a shipyard, pier and waterfront facilities in Norfolk, Va. The proposed acquisition would complement BAE Systems’ support to its customers with enhanced readiness and sustainment maritime services. MHI is a marine repair, overhaul, and conversion company serving the U.S. Navy, Military Sealift Command, Maritime Administration and commercial ship owners and operators worldwide. The company employs approximately 400 people and would be integrated with the BAE Systems Ship Repair business.

Syncrolift Inc., a Rolls-Royce company, has won a contract worth more than $1 million to supply Ocean Marine LLC, a subsidiary of Marine Hydraulics Intl. (MHI), with a Synchrolift® at its new facility, currently being built in Portsmouth, Va. MHI's premiere Synchrolift will lift luxury yachts measuring up to 235 ft. (71.6 m), and weighing up to 1,230 tons for repair and dry storage. With a 210 x 40 ft. platform, the shiplift will be paired with a 100-ton Travel Lift, utilizing eight specially refurbished 240-ton hoists. Scheduled for an April 2000 commission, the project also includes a marina with 130 wet slips and 320 dry boat storage slots.

Syncrolift Inc., a Rolls-Royce company, has won a contract worth more than $1 million to supply Ocean Marine LLC, a subsidiary of Marine Hydraulics Intl. (MHI), with a Synchrolift at its new facility, currently being built in Portsmouth, Va. MHI's premiere Synchrolift will lift luxury yachts measuring up to 235 ft., and weighing up to 1,230 tons for repair and dry storage. With a 210 x 40 ft. platform, the shiplift will be paired with a 100-ton Travel Lift, utilizing eight specially refurbished 240-ton hoists. Scheduled for an April 2000 commission, the project also includes a marina with 130 wet slips and 320 dry boat storage slots.