The Nascopie is named for the SS Nascopie, a vessel partially owned by the Hudson's Bay Company which sailed through the south-eastern Canadian arctic in the early 20th century.
The Nascopie is an Ulstein UT-745 design, primarily a PSV (though fitted with a towing winch). As such, the Nascopie has oil and rescue/recovery capability. The Nascopie is also fitted with a dynamic positioning system and offship fire-fighting capacity. The Nascopie is ice-classed. DP capability is provided by twin 600kW stern thrusters, a rectractible azimuthing thurster forward (900kW), and a bow tunnel thruster (900kW), providing a DP-2 capability.