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Davie Shipyard offers Arctic icebreaker for half price

The Davie shipyard in Lévis didn't have much swagger three years ago when it bid on the huge federal contracts for new navy ships and Coast Guard vessels. Barely out of bankruptcy protection, the yard lost the contracts. But now solidly back on its feet under new owners, Davie is making itself heard again. The country's biggest yard has let Ottawa know that if it's serious about getting its new icebreaker built on time and on budget, it should call Davie. The chosen yard in B.C., Seaspan, apparently won't deliver it for another 10 years and at a higher cost. But Ottawa is still far from convinced.

Alex Vicefield is the chief executive officer of the Inocea Group, Davie's parent company. Listen here.