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Davie, a Quebec-based shipbuilder, is advancing plans to acquire an American shipbuilder, aiming to expand its operations into the U.S. This move comes amidst discussions of a potential trade war, highlighting Davie's strategic efforts to strengthen its position in the North American shipbuilding industry.

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Naval Québec announces two trade missions for the spring of 2025. First, and for the first time in its history, Naval Québec will lead a business delegation to the United States, our main trading partner. The mission will take place from April 28 to May 2, 2025, starting in Maine, passing through New England, New York and Pennsylvania, and ending in Washington D.C.

Participants will have the opportunity to make industrial visits, meet with key shipbuilding industry principals on the U.S. East Coast, conduct B2B activities, and build relationships with local government. This includes stops at Portsmouth Naval shipyard, Philly Shipyard and General Dynamics.

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Davie, the Canadian-based multinational shipbuilder, today announced its intention to make a significant, long-term commitment to the U.S. shipbuilding industry.

While final selection of the site and partner is pending, Davie’s decision coincides with a series of actions announced today by the U.S. government to strengthen the efficiency, resiliency and competitiveness of U.S. shipbuilding. Producing high-quality American ships for domestic and international markets is also expected to revitalize the nation’s maritime power, spur economic growth and create many skilled jobs for American workers.

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

In operation since 1825, Davie has built over 720 specialized vessels, including many icebreakers. Today, Davie holds the world’s largest order book of heavy icebreakers for Canada, a founding partner of the ICE Pact. Davie is also the proud owner of Helsinki Shipyard in Finland, another ICE Pact founder, renowned for its exceptional polar shipbuilding supply chain. Founded in 1865, Helsinki Shipyard has built over 50% of the world’s existing icebreaker fleet.

Davie has a long history of supporting skilled U.S. shipbuilders on strategic projects such as the U.S. Navy's Nimitz-class aircraft carriers and Arleigh Burke-class destroyers.

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The U.S. administration plans to impose duties on steel and aluminum imports, including those from Canada. Industry Minister François-Philippe Champagne emphasized that Canadian steel and aluminum are vital to U.S. sectors such as defense, shipbuilding, and automotive manufacturing.

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If shipping boss Niels Clemensen were to offer any advice to Donald Trump or anyone else trying to get a foothold in Greenland, it would be this: “Come up here and see what you are actually dealing with.”

Sitting on the top floor of his beamed office in Nuuk harbour, where snow is being flung around by strong winds in the mid-morning darkness outside and shards of ice pass by in the fast-flowing water, the chief executive of Greenland’s only shipping company, Royal Arctic Line, says: “What you normally see as easy [setting up operations] in the US or Europe is not the same up here.” As well as the cold, ice and extremely rough seas, the world’s biggest island does not have a big road network or trains, meaning everything has to be transported either by sea or air. “I’m not saying that it’s not possible. But it’s going to cost a lot of money.”

With the potential to slash shipping times between Europe and Asia by thousands of miles – or as much as two weeks – the opening up of the Northwest Passage as the Arctic ice melts is viewed by some as an upside of the climate crisis and one of the main reasons Trump has taken such an interest in Greenland...

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The United States plans to order 40 icebreakers, according to US President Donald Trump.

Donald Trump has announced plans to order 40 icebreakers to supplement the country’s current fleet, with the news reported by US outlet Forbes, among others.

The country’s current fleet is aging and ready for replacement, according to the financial magazine.

Trump’s announcement came during a visit he made to North Carolina on Tuesday. During his first term, Trump had already proposed commissioning the construction of new icebreakers for the United States.

Finland naturally perked up at the ice-crushing news since Finnish companies have designed and built the majority of the world’s icebreakers.

Posting on messaging platform X, Finnish Foreign Minister Elina Valtonen (NCP) said she had spoken with Marco Rubio, America’s new Secretary of State. The two discussed possible cooperation between Finland and the US regarding icebreakers, according to Valtonen.

Forbes meanwhile reports two American icebreakers recently struggled to free a Canadian transport ship stuck outside of Buffalo, New York. The Canadian Coast Guard eventually managed to free the vessel.

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In a speech last week in North Carolina, President Donald Trump suggested that the U.S. would soon be ordering 40 big icebreakers for the Coast Guard, and that Canada wants in on the deal. 

Asked about U.S. trade relations with Britain, Trump gave his thoughts on why Canada should become the 51st U.S. state. The U.S. is losing too much money to Canada on trade deficits, he said, and joining the U.S. would mean lower taxes (and no U.S. tariffs) for Canadians.

"Why are we paying all of that money to Canada when, you know, we — we could use it ourselves, right? You know, we ordered — we’re going to order about 40 Coast Guard big icebreakers. Big ones. And all of a sudden, Canada wants a piece of the deal. I say, 'Why are we doing that?'" Trump said. "I mean, I like doing that if they’re a state, but I don’t like doing that if they’re a nation. . . . I would love to see Canada be the 51st state."

The U.S. Coast Guard currently has funds from Congress for a planned three-vessel order for the Polar Security Cutter program, built by Bollinger. The first was approved in late December after years of delay, and the program faces cost overruns. The service's last icebreaker study suggested a need for at least three more medium icebreakers in addition to the current program of record, and its regional icebreaker fleet for the Great Lakes is also advancing in age. 

At present, the service's seagoing fleet has one heavy icebreaker and one medium icebreaker - both aging - and one "bridging strategy" icebreaker, a commercial conversion that will fill gaps until delivery of the first Polar Security Cutter. 

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Tech stocks are selling off sharply on Monday, triggered by concerns that China’s just-released DeepSeek AI assistant may steal the thunder from U.S.-based platforms like OpenAI’s ChatGPT. Before this week, however, markets have been responding with gusto since November’s presidential election, especially in a few key — and perhaps expected — industries.

The biggest winner so far was the automobile industry, led by Tesla, up an impressive 70% since Election Day as of Friday. General Motors, while not quite as flashy, was up about 5%. Despite President Donald Trump’s rollback of Joe Biden-era electric vehicle mandates, Tesla has continued to command investor confidence, possibly due to Elon Musk’s close ties to the president.

Electricity producers also saw a boost, driven by the AI boom. Data centers, which currently consume 1% to 2% of global power, could grow to 3% to 4% by the end of the decade, according to Goldman Sachs...

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President Donald Trump is continuing his first-term focus on building a big, new American icebreaker fleet. Days after his second inauguration, the president broke from a North Carolina hurricane-recovery briefing and made a surprise announcement that, “we’re going to order about 40 big icebreakers.”

The statement, widely dismissed by industry experts as a gaffe, was well-timed. Just as the Trump was committing the United States to a massive, as-yet un-funded 40-icebreaker buildup, a raggedy set of aged American icebreaking tugs were struggling to free a 663-foot transport ship, the Canadian-flagged Manitoulin, trapped by wind-blown lake ice...

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Video streaming technology developer Haivision Systems Inc. has received a $61.2-million contract to deliver combat video processing suites for the US Navy.

The deal stipulates the production of the Quebec-based company’s video distribution and combat visualization systems to enable “mission-critical display” for the service’s Surface Combatant Fleet.

The package incorporates transcoding, storage, and distribution assets, enabling coordination between the navy’s Combat Information Centers and multiple warships.

Alongside the naval combat systems, Haivision’s capabilities will support the US Coast Guard’s next-generation cutters.

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