Marine related service provider Seaspan has received two new contracts, valued at over $65.4m, for its Vancouver Shipyards from the Government of Canada.
The two new contracts, which are part of the Canadian government’s National Shipbuilding Strategy (NSS), will help Seaspan’s Vancouver Shipyards to begin early discussions with potential suppliers and to buy material and equipment to build the Offshore Oceanographic Science Vessel (OOSV) and the Joint Support Ships (JSS).
Go deeper with GlobalData
By making the recent investments, the government aims to demonstrate its commitment in re-establishing a world scale shipbuilding industry, which will create highly paid jobs and make sustainable economic growth for the local communities living along coastal areas.
With the newly awarded contracts, the government expects to buy materials including propulsion systems, scientific equipment, generators, and other specialised parts, before beginning the construction of the ships.
The contracts will help finalising plans, avoiding delays and start construction of the ships immediately.
See Also:
Canada public services and procurement minister Judy Foote said: "These investments demonstrate our long-term commitment for continuous shipbuilding projects which will not only rejuvenate our marine industry, but also provide the Royal Canadian Navy and the Canadian Coast Guard with the ships they need to do their jobs at best value-for-money for Canadian taxpayers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"By building these ships here in Canada we are bringing jobs and prosperity to many communities across the country."
Established to renew the fleets of the Royal Canadian Navy and the Canadian Coast Guard, the 30-year NSS programme aims to create around 15,000 jobs and generate $2bn in annual economic benefits.
So far, Vancouver Shipyards has awarded $380m contracts to suppliers in Canada.
Image: Canada Government and Seaspan’s Vancouver Shipyards officials at the signing of the contract. Photo: courtesy of Seaspan ULC
