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Irving Shipbuilding Wins Lion's Share of Historic Contract

Maritime Activity Reports, Inc.

October 19, 2011

Halifax's Irving Shipbuilding is getting the $25 billion contract to build 21 Canadian combat ships and Vancouver's Seaspan Marine has been awarded an $8 billion contract for 7 non-combat vessels, the federal government announced, which is the manifestation of the Canadian government's National Shipbuilding Procurement Strategy (NSPS), designed to envigorate the country's shipbuilding industrial base and manufacture a fleet of vessels to protect the country vital interests in the quickly melting Arctic region.

The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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