Eskasoni acquires majority ownership in shipyard [Video]

Eskasoni First Nation announced Wednesday it has acquired a majority ownership stake in the newly incorporated Eskasoni Shipyard.

The Eskasoni Corporate Division said in a news release the acquisition, made in partnership with the Marine Recycling Corporation (MRC), is a significant investment on the community’s future. In addition to being a hub for innovation the shipyard is expected to provide full vessel lifecycle services.

Chief Leroy Denny said it was a historic moment for Eskasoni.

“By becoming majority owners of Eskasoni Shipyard, we are not only expanding our business horizons but also making a powerful investment in our people and our future,” Denny said. “This shipyard will create new opportunities for our community members and strengthen our economic independence.”

The multi-million dollar investment is expected to bring jobs to the community and enhance the shipyard’s capabilities.

“The partnership with MRC, a leader in industrial services, brings added expertise and resources,” reads the release.

Jordan Elliot is …