Davie intends to create U.S. shipbuilding presence in alignment with ICE Pact

July 30, 2024 02:21 AM AEST | By Cision

Google News:

Davie intends to create U.S. shipbuilding presence in alignment with ICE Pact — Image source: Kalkine Media

Recent News

Offshore wind could contribute more than $40 billion to Australia's GD...

New Consultancy Bridges Australia and Nigeria: CM Group Launches to Em...

Musk says he’s back to 24/7 work mode after major X outage

Tori Martin’s Free-Spirited New Single, 'Cowgirls Ride,' Out Today

LÉVIS, QC, July 30, 2024 /PRNewswire/ -- Davie, the Canada-based multinational shipbuilder, today announced its intention to make a significant, long-term commitment to the American shipbuilding industry.

Pending final site and partner selection, Davie's decision coincides with a series of actions announced today by the U.S. government to boost the efficiency, resilience, and competitiveness of U.S. shipbuilding. The production of superior U.S. ships for both domestic and international markets is also anticipated to revitalize American sea power, spur economic growth, and create many skilled jobs for American workers.

Davie's plans are also aligned with the ICE Pact, a trilateral collaboration between the U.S., Canada, and Finland announced on July 11. The ICE Pact will enhance the production of in-demand polar icebreakers in participating countries boosting economic, climate and national security, while supporting vital shared interests in the contested polar regions. Significantly, the U.S. Department of Defense launched its 2024 Arctic Strategy on July 22, outlining steps DOD will take, in collaboration with allies and partners, to preserve the Arctic as a secure and stable region.

Operating continuously since 1825, Davie has built over 720 specialized vessels, including many icebreakers. Currently, Davie is building the world's largest orderbook of heavy icebreakers for Canada, a founding ICE Pact partner. Davie is also the proud owner of Helsinki Shipyard in Finland, another ICE Pact founder, renowned for its exceptional polar shipbuilding supply chain. Established in 1865, Helsinki Shipyard has built more than 50% of the current global icebreaker fleet.

Davie has a history of supporting America's skilled shipbuilders on strategic projects such as the U.S. Navy's Nimitz Class Aircraft Carriers and Arleigh Burke-class destroyers.

Link to the White House fact sheet: https://www.whitehouse.gov/briefing-room/statements-releases/2024/07/29/fact-sheet-white-house-announces-new-private-sector-investments-in-american-maritime-industries-due-to-biden-harris-administration-efforts/

About Davie

Based in Québec, Canada since 1825, Davie is a world-class designer and builder of specialist, mission-critical ships such as icebreakers, ferries and warships for government and commercial customers. Davie became a partner in the Government of Canada's National Shipbuilding Strategy on April 4, 2023. This historic agreement is for the design and construction of the largest and most technologically advanced ice-going ships ever constructed in and for Canada. The initial $8.5 billion package of work includes seven heavy icebreakers and two large hybrid-powered ferries. In November 2023, Davie acquired Finland's Helsinki Shipyard, the world leader in icebreaker design and construction. Find out more at davie.ca and helsinkishipyard.fi.

For further information, please contact: Marcel Poulin, Director, External Affairs and Industrial Participation, Davie, [email protected], +1 581 992-8564

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.