Davie to Acquire Texas Shipyards, Seeking to Supercharge U.S. Icebreaker Production

Canadian shipbuilder Davie announced today its plans to acquire shipbuilding assets in Galveston and Port Arthur, Texas from Gulf Copper & Manufacturing Corporation, marking a significant expansion into the U.S. shipbuilding sector. The acquisition, expected to close in summer 2025, remains subject to various conditions, including negotiations with the Galveston Wharves Board of Trustees. For Davie, the move represents a strategic step in addressing America’s critical icebreaker shortage. The U.S. currently operates only three Arctic-ready vessels, while Russia maintains a fleet of nearly 50. Both Russia and China have increased their presence in the region. “We share a vision with...