The Oceanex Connaigra, the latest vessel to join the company's fleet, is an impressive sight that dwarfs buildings along St. John's waterfront.
The ship, which is 210 metres long and cost $108 million, was put together in Germany by shipbuilding company Flensburg.
Moving all the steel are two engines combining for 22,000 horsepower, allowing the ship to reach a top speed of 23 knots.
Sid Hynes, executive chairman at Oceanex, said the new vessel has been a long time coming.
"It's been an exciting year for us at Oceanex. We've been awaiting the arrival of this ship. I guess we started talking about a new ship [and] new tonnage maybe five years ago, and finally here she is," he said.
Hynes said it will cost about $1.5 million to fill up the Connaigre with fuel, but added it's still a "clean ship."
He also defended the $108-million pricetag.
"You have to build it right, because if you build it too small you can't go out in three years and build a new ship. It's just not something you do every other day," he said.
"It's good for 40 years, so you get it right the first time and you do it right."
One of the five decks alone on the Connaigra is three times the length of an NHL rink and can hold 1,000 regular size shipping containers.
This massive amount of space will increase the amount of cargo the company can transport between St. John's and Halifax by 50 per cent.
Hynes couldn't say if the increased capacity would take away business from Crown corporation Marine Atlantic.
"I don't know, we'll have to wait and see," he said. "We have the capability, of course, but at the end of the day it's the almighty dollar that drives things. But we're a competitive operator, so … we're betting that we're going to do alright in the future."
The Connaigra leaves St. John's Harbour on its first trip to Halifax early Wednesday morning and will return again on Sunday.