Financial Ports

$8.2bn icebreaker deal: Canada’s Arctic lifeline gets a frozen facelift

CLAVE 1 / 4Canada has awarded its largest-ever shipbuilding contract, worth C$11.3bn ($8.2bn), to build six new icebreakers.

CLAVE 2 / 4The deal will create close to 5,000 jobs during construction and add C$650m annually to Canada’s GDP.

CLAVE 3 / 4First vessel due in 2032, with the full series operational by 2038, replacing ageing Arctic and St Lawrence fleets.

CLAVE 4 / 4Chantier Davie’s Finnish expertise, acquired via Helsinki Shipyard in 2023, underpins the Polar Class 3 design.

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