Hanwha Ocean competed for the Canadian submarine contract but ultimately lost to Thyssenkrupp Marine Systems, leading to stock market drops and political commentary.
2 reports, 1 independent
Updated Jul 7
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What happened
Hanwha Ocean competed for the Canadian submarine contract but ultimately lost to Thyssenkrupp Marine Systems, leading to stock market drops and political commentary.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Hanwha Ocean
shipbuilder of South Korea
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Friedrich Merz
German politician, Chancellor of the Federal Republic of Germany
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Jonas Gahr Støre
Prime Minister of Norway since 2021
Related events
- Hanwha Ocean is a front-runner for a Canadian submarine program, prompting Canada to seek industrial partnerships with South Korean firms.
- Both nations are developing indigenous nuclear submarine programs, highlighting Hanwha Ocean's role in the shipbuilding ecosystem.
- Hanwha Ocean's tanker, chartered by Vitol, arrived at Khor Fakkan anchorage in the UAE.