The oceans sector is one of the fastest growing sectors of the provincial economy, with a value of approximately $250 million.
The long maritime history of St. John’s, together with its world-class research and development facilities and related personnel, has placed the City at the forefront of Canada’s ocean technology industry. The success of the local ocean technology sector has been accelerated by community integration with industry, government and academia collaborating to create linkages and build capacity.
St. Johns is recognized as a City of Ocean Excellence and has a wide range of private and public sector organizations working in areas such as offshore energy, ocean observation and science, navigation and communications, remotely operated vehicles, autonomous underwater vehicles, subsea technologies, simulation, transportation, defence and security, and education and training.
St. John’s strategic location in the North Atlantic positions it as a gateway to the Arctic and other northern regions. Local companies have amassed considerable harsh environment expertise, particularly in the areas of ice and arctic conditions.
The City of St. John's has identified ocean technology as a strategic sector in Roadmap 2021: A Strategic Economic Plan for St. John's.
For more information on the ocean technology cluster in St. John's and Newfoundland and Labrador, refer to the OceansAdvance Inc. website. OceansAdvance was formally established in 2005 with a mission to foster and promote the growth and development of the ocean technology cluster in Newfoundland and Labrador by aligning industry, academia, research and government. OceansAdvance is governed by a Board of Directors whose members come largely from the private sector.