Berliner Boersenzeitung - Finland building icebreakers for US amid Arctic tensions

EUR -
AED 4.375801
AFN 78.040829
ALL 96.573317
AMD 447.838113
ANG 2.132888
AOA 1092.012093
ARS 1687.730961
AUD 1.681895
AWG 2.144708
AZN 2.027049
BAM 1.957286
BBD 2.392416
BDT 145.170211
BGN 2.000977
BHD 0.449177
BIF 3514.768359
BMD 1.191505
BND 1.507344
BOB 8.225244
BRL 6.188201
BSD 1.187802
BTN 107.6833
BWP 15.653884
BYN 3.423399
BYR 23353.489619
BZD 2.388914
CAD 1.614522
CDF 2639.182703
CHF 0.91283
CLF 0.025736
CLP 1016.198884
CNY 8.248193
CNH 8.22856
COP 4376.837151
CRC 588.847044
CUC 1.191505
CUP 31.574871
CVE 110.348312
CZK 24.225134
DJF 211.520583
DKK 7.471204
DOP 74.776769
DZD 154.293807
EGP 55.832357
ERN 17.872569
ETB 185.274257
FJD 2.609637
FKP 0.875956
GBP 0.870078
GEL 3.20495
GGP 0.875956
GHS 13.071924
GIP 0.875956
GMD 87.571985
GNF 10427.960511
GTQ 9.111879
GYD 248.508664
HKD 9.312407
HNL 31.376821
HRK 7.535103
HTG 155.768257
HUF 376.806152
IDR 19991.063716
ILS 3.67269
IMP 0.875956
INR 108.038426
IQD 1556.081354
IRR 50192.1303
ISK 145.008364
JEP 0.875956
JMD 185.79105
JOD 0.844721
JPY 185.099639
KES 153.233467
KGS 104.196778
KHR 4790.63698
KMF 493.28266
KPW 1072.346493
KRW 1732.94732
KWD 0.365506
KYD 0.989851
KZT 586.605342
LAK 25527.380004
LBP 106369.854398
LKR 367.639106
LRD 220.936805
LSL 19.038254
LTL 3.518203
LVL 0.72073
LYD 7.509701
MAD 10.863547
MDL 20.175317
MGA 5214.959119
MKD 61.659559
MMK 2501.771917
MNT 4249.247942
MOP 9.56286
MRU 47.167809
MUR 54.785078
MVR 18.42084
MWK 2059.663666
MXN 20.49227
MYR 4.676063
MZN 75.970043
NAD 19.038254
NGN 1615.811596
NIO 43.713186
NOK 11.424569
NPR 172.293803
NZD 1.97085
OMR 0.458131
PAB 1.187802
PEN 3.989329
PGK 5.167923
PHP 69.654758
PKR 332.14606
PLN 4.207739
PYG 7831.945896
QAR 4.329969
RON 5.08987
RSD 117.373907
RUB 91.743957
RWF 1734.216591
SAR 4.468599
SBD 9.597424
SCR 16.26441
SDG 716.692716
SEK 10.634583
SGD 1.506884
SHP 0.893937
SLE 29.221614
SLL 24985.254258
SOS 677.614435
SRD 45.243216
STD 24661.73901
STN 24.518614
SVC 10.393891
SYP 13177.534056
SZL 19.029447
THB 37.043414
TJS 11.123998
TMT 4.170266
TND 3.431191
TOP 2.868857
TRY 51.952335
TTD 8.047109
TWD 37.588991
TZS 3078.367627
UAH 51.203673
UGX 4228.209994
USD 1.191505
UYU 45.544385
UZS 14613.972057
VES 458.479533
VND 30846.861875
VUV 142.594433
WST 3.253665
XAF 656.455371
XAG 0.014604
XAU 0.000237
XCD 3.220101
XCG 2.140725
XDR 0.81642
XOF 656.455371
XPF 119.331742
YER 283.994879
ZAR 18.948375
ZMK 10724.971239
ZMW 22.456048
ZWL 383.663986
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0750

    23.585

    +0.32%

  • RYCEF

    0.5300

    17.41

    +3.04%

  • RELX

    0.1000

    29.48

    +0.34%

  • GSK

    -1.2200

    59.01

    -2.07%

  • AZN

    -5.0200

    188.01

    -2.67%

  • BCC

    -2.0100

    89.02

    -2.26%

  • RIO

    3.4400

    96.85

    +3.55%

  • NGG

    0.3300

    88.39

    +0.37%

  • BCE

    0.5400

    25.62

    +2.11%

  • BTI

    -1.6500

    61.15

    -2.7%

  • CMSD

    0.0200

    23.97

    +0.08%

  • VOD

    0.3700

    15.48

    +2.39%

  • JRI

    -0.1600

    12.81

    -1.25%

  • BP

    0.2100

    39.22

    +0.54%

Finland building icebreakers for US amid Arctic tensions
Finland building icebreakers for US amid Arctic tensions / Photo: Alessandro RAMPAZZO - AFP

Finland building icebreakers for US amid Arctic tensions

Finland is building a new fleet of icebreakers for the US but President Donald Trump's plans for Greenland, which he covets, and tense US-EU ties have raised concerns over the deal.

Text size:

Sixty percent of the world's icebreakers are Finnish-made and 80 percent are designed by Finnish companies, according to Arctia, the state-owned firm which manages the country's icebreaker fleet.

Jukka Viitanen, Sustainability and Communications Director of Arctia, told AFP that Finland's expertise was born from necessity.

It is the only country in the world where all ports can freeze in winter, Viitanen said.

"We need to export and import stuff to be able to maintain people living in this country. That is why we need icebreaking," he said.

Nations such as China, Russia and the United States are scrambling to secure a foothold in the Arctic for strategic reasons and to access huge reserves of natural resources.

Many are now looking to enhance their icebreaker fleet.

In October, Trump and Helsinki announced that the United States coast guard will procure 11 icebreakers.

The US coast guard currently operates three ageing vessels.

Four vessels will be built in Finnish shipyards, and the remaining seven in the United States.

"It is not possible to sail through the Arctic Sea without icebreakers and many big nations have interests in the Arctic right now," Viitanen said.

- US threats -

The US order -- estimated at $6.1 billion according to media reports -- is a welcome boost for Finland, where unemployment is at a record high and the economy is in the doldrums.

But Trump's desire to acquire strategically-located Greenland has now raised "more and more" suspicions about the deal, Sanna Kopra, an Arctic geopolitics and security professor at the University of Lapland, told AFP.

Trump's long-standing territorial designs on Greenland, an autonomous Danish territory, have triggered the most serious crisis in the history of US-led military alliance NATO.

The US president last week backed off threats of using force to seize Greenland and began talks with Copenhagen and Nuuk.

"But if Trump changes his mind about taking control over Greenland and the politics of the United States turns increasingly imperialistic, of course it raises questions about how wise it is to proceed," Kopra said.

If Trump again starts talking about seizing Greenland, "the question of cancelling these deals could become a very important political issue," Kopra noted.

Charly Salonius-Pasternak, an expert in geopolitics and the CEO of Finnish think-tank Nordic West Office, meanwhile doubted Trump's threats would endanger the deal.

"There are voices," against it, he said, adding: "Are these people influential in the matter? No."

- 'Greenland saga not over' -

But Salonius-Pasternak conceded "the Greenland saga" was not over.

"Trump said at the end of October 2025 that there were no plans to use military force in Venezuela," he noted -- but US forces seized its president in a raid there on January 3.

In December, Finland's Rauma shipyard confirmed a contract from the US coast guard to build two icebreakers, to be completed in 2028.

The Helsinki shipyard, owned by Canadian company Davie, is also expecting an order.

Managing director Kim Salmi told AFP they expected to sign a contract with the US coast guard for two icebreakers shortly.

"I'm preparing to start building those icebreakers as soon as possible," Salmi said.

"When the ink drops on the paper, the first US icebreaker will be delivered 26 months from that," he said with a smile.

(A.Berg--BBZ)