Latest news with #icebreakers
Bloomberg
11-06-2025
- Business
- Bloomberg
Canada's Davie Makes $1 Billion Deal for Texas Shipyard Gulf Copper
Canadian shipbuilder Chantier Davie Canada Inc. is planning to invest more than $1 billion to buy and upgrade Galveston, Texas-based Gulf Copper & Manufacturing Corp. as part of its strategy to supply the US with icebreakers and other specialized ships. Davie expects the acquisition to be finalized this summer. The deal between the two closely held companies is subject to financial, legal and regulatory conditions as well as land lease negotiations, Davie spokesperson Paul Barrett said.
Reuters
30-05-2025
- Business
- Reuters
Russia's Rosatom expects boom in foreign vessels using Arctic shipping route
MOSCOW, May 30 (Reuters) - Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on Friday. Rosatom runs a fleet of icebreakers and is in charge of operations along the NSR, which connects Russian ports with China during the summer months, saving vessels up to 10 days at sea compared to traveling via the Suez Canal. Moscow is promoting the route as a way of avoiding sailing close to the borders of European Union member states at a time of mounting geopolitical tensions. "There is a clear upward trend in international interest in the NSR ... In 2025, foreign companies are expected to conduct at least 1.5 times more voyages through the NSR compared to the previous year," the company told Reuters in emailed comments. As of May 27, a total of 196 applications have been submitted for vessel navigation along the NSR, including vessels sailing under foreign flags, Rosatom said, adding that summer-autumn navigation will be open from July 1 to November 30. A record volume of nearly 38 million metric tons of various goods, including oil and liquefied natural gas, was shipped along the route last year, the company said. However, the NSR presents a massive challenge for ships due to thick ice in winter, and navigation is restricted to warmer months. Long dominated by vessels managed by Russian shipping giant Sovcomflot, Azerbaijan-based Vista Vvave Shipmanagement was among companies using the NSR for the first time last year.
South China Morning Post
27-05-2025
- Business
- South China Morning Post
Japan offers US shipbuilding help to shore up naval might, ease tariff pain
Japan has offered to support US efforts to rebuild its civilian and military shipbuilding industries – a strategic gesture analysts say could help counter China's growing dominance in the sector and ease the impact of looming American tariffs on Japanese imports. Prime Minister Shigeru Ishiba announced Japan's desire to help the United States during a speech in Kyoto on Sunday, emphasising Japanese shipbuilders' skills and the country's long seafaring history. 'The government wants to cooperate in the shipbuilding sector,' Ishiba said. 'Japan has a substantial advantage in terms of icebreakers. Icebreakers are one key area of cooperation,' he added, referring to specialised ships designed to navigate through ice-covered waters, often used for polar research and Arctic or Antarctic operations. Japan has high hopes that the technology developed for its state-of-the-art icebreaker Shirase could be adopted by the US and potentially have crossover applications in US military vessels. Japanese icebreaker Shirase anchors in the Antarctic in December 2023. Photo: Kyodo Ishiba noted that Washington was seeking shipyards in allied countries for repairs and refits of its warships, instead of sending them back to the US. He suggested that Japan was prepared to assist in this effort.
Business Wire
21-05-2025
- Business
- Business Wire
Rauma Marine Constructions: The First Multi-Purpose Corvette Built at Rauma Shipyard Has Been Launched
RAUMA, Finland--(BUSINESS WIRE)--The first multi-purpose corvette built for the Finnish Navy's pivotal Squadron 2020 project was launched at Rauma shipyard on Wednesday 21 May 2025. This is a significant milestone and an indication of RMC's ability to successfully realise demanding building projects. RMC's capability is based on excellent engineering expertise, capable project management and a commitment to delivering complex and high-quality vessels. Share The Squadron 2020 project is proceeding on schedule. The building pace will accelerate as work on the second and subsequent multi-purpose corvettes progresses. The direct employment impact of the Squadron project in Finland is equivalent to more than 3,600 person-years. 'We have increased the capacity of Rauma shipyard purposefully while strategically implementing significant investments in the shipyard area. Rauma shipyard is now in peak condition', says Mika Nieminen, CEO of RMC. RMC's capability is based on excellent engineering expertise, capable project management and a commitment to delivering complex and high-quality vessels. The ability to build different types of ships from high-efficiency commercial vessels to warships and icebreakers designed for extreme conditions emphasises RMC's extensive technical expertise and adaptability. 'The newly launched vessel is a strong indication of the close and goal-oriented co-operation between the Finnish Government, the Finnish Defence Forces, the Finnish Defence Forces Logistics Institute, the Finnish Navy, Rauma Marine Constructions, Saab and all our industrial partners', states Timo Ståhlhammar, Project Director of RMC's Squadron Project. RMC will be building a total of four Pohjanmaa-class multi-purpose corvettes for the Finnish Navy. The Pohjanmaa class is one of the most capable vessel types operating in the Baltic Sea region. They are designed to operate year-round in all Baltic Sea conditions. Significant investments have been made in Rauma shipyard throughout the 2020s to strengthen the shipyard's shipbuilding infrastructure and independent production capacity. The closed multi-purpose hall designed for the construction of the multi-purpose corvettes ensures good working conditions, high quality results and the implementation of the required safety measures. In addition, investments have been made in steel production, a launching barge and heavy transfer ramps. 'The building of these corvettes will advance the shipbuilding industry and technological know-how in Finland. RMC is ready to utilise the capabilities acquired through the Squadron 2020 project both in Finland and internationally', says Mika Nieminen, CEO of RMC. Key dimensions of the multi-purpose corvettes: Length: 117 m Beam: 16.5 m Draught: 5 m Crew: 70 Link to photos and videos.
Yahoo
11-05-2025
- Business
- Yahoo
To Dominate the Arctic, Trump Needs Ice-Breaking Ships. Finland Wants to Help.
The Nordic nation, with its extensive experience in navigating the icy Baltic Sea, has made and designed more icebreakers than any other country.
