Massive windfall as B.C.'s Seaspan wins $8-billion shipbuilding contract

tugs
B.C.'s Seaspan Marine Corp., has been granted a massive $8-billion non-combat contract with the federal government.
 
24 minutes ago
 

Tugboats are docked at Seaspan's North Vancouver operation Wednesday. Seaspan was just awarded an $8-billion contract to build non-combat vessels.

Photograph by: Jason Payne, PNG


North Vancouver's Seaspan Shipyards has won $8-billion of $33-billion in government ship-building contracts. Seaspan has shipyards in Vancouver and Victoria. The major $25-billion war-ship contract went to a Nova Scotian shipbuilder.
Seaspan Marine Corp., has been granted a massive $8-billion non-combat contract with the federal government.

Seaspan - with shipyards in North Vancouver and Esquimalt - lost out the biggest plum (a $25-billion contract to build combat vessels over the next 30 years) - to Irving Shipbuilders of Halifax

There are currently 1,500 employees at Seaspan, and the non-combat work could require 3,000 workers.

The combat work had been expected to swell Seaspan numbers to 8,000 at the height of the shipbuilding activity, and would have required $100 million to $190 million in startup construction at the North Vancouver and Esquimalt yards.

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