Don't worry about language; parallelize!
If you have a highly multithreaded, data-intensive scientific code, then I don't think worrying about language is the biggest issue for you. I think you should concentrate on making your application parallel, especially making it scale past a single node. This will get you far more performance than just switching languages.
As long as you're confined to a single node, you're going to be starved for compute power and bandwidth for your app. On upcoming many-core machines, it's not clear that you'll have the bandwidth you need to do data-intensive computing on all the cores. You can do computationally intensive work (like a GPU does), but you may not be able to feed all the cores if you need to stream a lot of data to every one of them.
I think you should consider two options:
MapReduce
Your problem sounds like a good match for something like Hadoop, which is designed for very data-intensive jobs.
Hadoop has scaled to 10,000 nodes on Linux, and you can shunt your work off either to someone else's (e.g. Amazon's, Microsoft's) or your own compute cloud. It's written in Java, so as far as porting goes, you can either call your existing C code from within Java, or you can port the whole thing to Java.
MPI
If you don't want to bother porting to MapReduce, or if for some reason your parallel paradigm doesn't fit the MapReduce model, you could consider adapting your app to use MPI. This would also allow you to scale out to (potentially thousands) of cores. MPI is the de-facto standard for computationally intensive, distributed-memory applications, and I believe there are Java bindings, but mostly people use MPI with C, C++, and Fortran. So you could keep your code in C and focus on parallelizing the performance-intensive parts. Take a look at OpenMPI for starters if you are interested.
