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Marisco

Marisco is one of the largest marine and industrial services companies in Hawaii. The facility is located at the Barbers Point Deep Draft Harbor near Campbell Industrial Park, Kapolei, Hawaii. The firm offers a wide spectrum of services including drydocking, machining, welding, blasting, painting, environmental cleanup, pipefitting, rigging, machinery troubleshooting and repairs. Marisco operates the largest commercial drydock and biggest industrial machine shop in the state. Marisco serves the governmental, commercial marine and industrial sectors of Hawaii. The governmental sector includes U. S. Navy, U. S. Coast Guard, and Military Sealift Command work.

The local ship repair industry hit a low point after Navy jobs began to dry up. In the past, Navy work amounted to 60 to 70 percent of the business of the island's two largest private yards -- Honolulu Shipyard and Marisco Ltd. Budget cuts in recent years meant Navy contracts went from $37 million in 1995 to $13 million in 1999.

Company founder Alfred Anawati established Marsico in 1972. In April 2001 United States Marine Repair (USMR), America's largest non-nuclear ship repair, modernization, overhaul and conversion company, signed a letter of intent to buy Marisco, Ltd., one of only two full-service shipyards in Hawaii. The acquisition gave USMR a strong local presence and an additional facility in which to perform work for the U.S. government and commercial customers. A company statement pointed to the increased demand for U.S. Navy fleet modernization, including the need for more surface ship work on cruisers and destroyers home ported in Pearl Harbor. USMR shipyards are located in San Diego, San Pedro and San Francisco, Calif.; Norfolk, Va., the company's corporate headquarters; and Ingleside, Tex.

The Carlyle Group, a Washington, D.C.-based investment firm, owned USMR. Frank C. Carlucci, former secretary of defense and assistant to the president for national security affairs under President Reagan is the chairman of Carlyle. James A. Baker, III, who has served as the 61st secretary of state in the Bush Administration and in other senior levels of the US government under three different presidents, is also a principal in The Carlyle Group. The acquisition closed in mid-June 2001.

In May 2002 the Carlyle Group dropped plans for an initial public offering of its United States Marine Repai, and instead sold the company to United Defense Industries. On 13 May 2005 United Defense Industries Inc. announced that shareholders of BAE Systems PLC had approved the acquisition of UDI by BAE Systems North America Inc.

BAE Systems Hawaii Shipyards located in Pearl Harbor in the Pearl Harbor Naval Shipyard at Drydock #4. The Company provides marine repair (including emergent repair services), program management, overhaul and maintenance of government vessels. BAE Systems is capable of performing complete overhauls on the U.S. Navy's most complex surface ship platforms.

The largest private sector ship repair company in Hawaii, the Navy's third largest port, the facility covers 1.5 acres, with one-half acre comprised of covered production shop facilities, offices and storage. Access to the Navy's 100,000-ton Graving Dock, capable of dry-docking today's largest Navy and commercial vessels, is also available.

The Company has a multi-year contract that can provide support to Pearl Harbor Naval Shipyard through the Regional Maintenance Center, if required. Additionally, the Company performed a multitude of SRAs, DSRAs and, CMAVs, on DDGs, FFGs, CGs and an ARS. Recently announced was an agreement with Bath Iron Works, a subsidiary of General Dynamics, and Todd Shipyards for work on the USS CHAFEE (DDG 90), home ported in Hawaii. Hawaii Shipyards has quickly become known as the "go-to" group for repairs, helping the U.S. Navy surface ships in Hawaii meet their commitments.

Highly skilled, experienced personnel are equipped to respond 24 hours a day, 7 days a week, to any customer requirements. Our dedicated, accomplished, local workforce is fully capable of providing complete marine repair services. Our resources include ownership of and access to mobile cranes up to 300 tons, high reaches, forklifts and all heavy equipment required to support the ship repair industry.



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