Caribou was named in memory of her predecessor the SS Caribou which was sunk off Port aux Basques by a GermanU-boat on October 14, 1942 with the loss of 137 passengers and crew.
A roll-on, roll-off design with a bow visor, Caribou had 2 vehicle decks and 5 decks above, the main passenger deck being Deck 5. She measured 179 metres in overall length and 25 metres in breadth, weighing 27,212 tons. Her capacity included 1,200 passengers and 370 automobiles or 77 tractor trailers. She had up to 106 crewmembers.
Caribou's design had been commissioned by CN Marine in the early 1980s and was the culmination of years of research into effective icebreaking ship designs. The resulting hull design which Caribou and Joseph and Clara Smallwood were built to is called "Gulfspan", named in part after the Gulf of St. Lawrence. The "Gulfspan" hull is unique among Canadian icebreakers in that the ship slices through sea ice, rather than using its weight to ride up onto and crush the ice underneath. This design permits the sister ships to maintain close to regular operating speed.[citation needed]
At the time that Caribou entered service in 1986, CN Marine underwent a restructuring whereby the company was separated from its parent CN Rail and renamed Marine Atlantic. At the same time, CN was beginning the process of abandoning all railway service on the island of Newfoundland, which had been operating as Terra Transport. Several ferry vessels were retired and/or sold at the time that Caribou entered service and these corporate restructuring changes were taking place.
Caribou regularly made the Cabot Strait crossing from North Sydney to Channel-Port aux Basques in approximately 5 hours, 30 minutes, however she had been known to break the 5 hour mark in optimum conditions but frequently comes closer to 6 hours as dictated by established schedules.
The ship was retired by Marine Atlantic on November 26, 2010 after completing her last run from Port aux Basques to North Sydney. She was laid up in Sydney Harbour until August 31, 2011.