Yes, that's right. The fire is what did it in.
There was a great CFAX interview on how building these war ships in Canada is crippling the process, not the actual desire to build them. The cost for a made-in-Canada solution is in the billions, around $5 billion, while Norway, Britain and other countries are sourcing their vessels at a tiny fraction of that cost. So yeah, we're doing this to ourselves by demanding we build this ships in Canada. Even BC Ferries knows better.
On the bright side Canadian shipyards are apparently world leaders in ship refits and that's where we should focus, according to industry insiders. It's no wonder why there's a massive cruise ship getting refitted at NADEN and the Kiwi's are sending several war ships to Victoria for a refit.