
Korean-owned Philly Shipyard lands $269 million U.S. Navy landing ship: Hanwha Defense USA will build a Medium Landing Ship for the U.S. Navy and U.S ...
defence-blog.com/korean-owned-philly-shipyard-lands-269-million-u-s-navy-landing-ship/

Inside the Seo Hui: A look at Korea's newest submarine: GEOJE, South Gyeongsang Province — Wearing gloves, reporters ducked beneath a canvas cover and descended ...
koreatimes.co.kr/southkorea/politics/20260920/inside-the-seo-hui-a-look-at-koreas-newest-submarine

Paid articlePaywall Navy stands by frigate bidding: The Royal Thai Navy has come under public scrutiny after only one company, South Korea's Hanwha Ocean ...
bangkokpost.com/thailand/general/3322124/navy-stands-by-frigate-bidding

Hanwha Ocean adds MaumAI to welding automation push: South Korean artificial-intelligence company MaumAI has secured a KRW2.106bn ($1.57m) contract from Hanwha ...
splash247.com/hanwha-ocean-adds-maumai-to-welding-automation-push/

Paid articlePaywall South Korean shipbuilders first to benefit from Trump’s plan to keep US Navy afloat
scmp.com/week-asia/economics/article/3364203/south-korean-shipbuilders-first-benefit-trumps-plan-keep-us-navy-afloat

Trump order on foreign-built US ships boosts Hanwha, but strings attached: Hanwha Group and its shipbuilding unit Hanwha Ocean are gaining market attention after ...
koreatimes.co.kr/business/companies/20260814/trump-order-on-foreign-built-us-ships-boosts-hanwha-but-strings-attached

South Korea’s Shipyards Are Courting South America’s Navies: Latin America · Defense Key Facts Peru deal HD Hyundai Heavy Industries signed a 2024 contract with ...
riotimesonline.com/south-korea-shipyards-south-america-navies-2026/

Korean shipbuilders step up US shipbuilding cooperation: Korea's three major shipbuilders — Hanwha Ocean, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) ...
koreatimes.co.kr/business/companies/20260724/korean-shipbuilders-step-up-us-shipbuilding-cooperation
Canada picks Germany’s TKMS to build ‘up to’ 12 submarines in largest Canadian defence purchase ever
Key FactsCanada Orders Twelve Submarines from TKMS
Jul 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: zdfheute.de
Summary created with AI assistance · Source: zdfheute.de
- ThyssenKrupp's TKMS secured a contract to deliver twelve 212CD submarines to Canada, marking the company's largest submarine order to date.
- The submarines will be constructed exclusively at the Kiel and Wismar shipyards, generating up to 1,500 jobs on Germany’s Baltic coast.
- Canada partners with Germany and Norway to enhance maritime defense capabilities in the Arctic and North Atlantic, aligning with NATO strategies.
- This agreement represents a key advancement in transatlantic security and supports Canada’s pursuit of greater strategic independence amid geopolitical tensions.
This is a large, strategic undertaking that will bind Canada, Germany, and Norway for decades.— German Chancellor Friedrich Merz, speaking about the Canada–TKMS submarine deal

South Korean shipbuilder withdraws from Hamilton partnership after losing bid for navy submarine contract
cbc.ca/news/canada/hamilton/hanwha-ocean-mohawk-college-ontario-shipyard-9.7261352

German submarine deal 'unfortunate' for Algoma Steel, Sault Ste. Marie, Ont., region defence expert says
cbc.ca/news/canada/sudbury/algoma-steel-submarine-contract-9.7259921

Submarines, Summits And The Great Rearmament: How Canada’s Choice Signals A New Security Era
riotimesonline.com/submarines-summits-and-the-great-rearmament-how-canada-s-2026-07-07/

U.S. requests information on S. Korean shipbuilders' naval construction capacity: sources
en.yna.co.kr/view/AEN20260708002200320

Paid articlePaywall Submarines for Canada: TKMS stock booms, Hanwha Ocean share price plummets: Stock markets celebrate winners - | and punish losers mercilessly ...
kn-online.de/wirtschaft/regional/u-boote-fuer-kanada-tkms-aktie-boomt-kurs-von-hanwha-ocean-stuerzt-ab-LRURCM6ZYNCYJPIXZVAO2MLBPE.html

Hanwha Ocean picked as preferred bidder for $5.1 bil. Navy destroyer project: Hanwha Ocean Co. said Thursday it has been selected as the preferred bidder for ...
koreatimes.co.kr/business/companies/20260702/hanwha-ocean-picked-as-preferred-bidder-for-51-bil-navy-destroyer-project

Will the Germans or South Koreans emerge as Canada’s sub deal winner?: Choosing the winning bid for Canada’s next generation submarine fleet is coming down to ...
bnnbloomberg.ca/business/politics/2026/06/29/will-the-germans-or-south-koreans-emerge-as-canadas-sub-deal-winner/

Endgame in the multi-billion dollar arms deal with Canada: It's about submarines, raw materials, technology transfer, and tens of thousands of jobs: a ...
faz.net/aktuell/wirtschaft/unternehmen/endspiel-im-milliardenschweren-ruestungsdeal-mit-kanada-200931541.html

Canada expects submarine decision ‘in 30 days,’ procurement chief says: The decision would move Ottawa closer to choosing between Germany’s TKMS and South ...
politico.eu/article/canada-expects-submarine-decision-in-30-days-procurement-chief-says/
![[FORUM] Integration into local ecosystem key to Korean biz's global ...](https://newsimg.koreatimes.co.kr/2026/06/09/e77ee01b-b4de-47fd-a56f-aa1a12f53af7.jpg)
[FORUM] Integration into local ecosystem key to Korean biz's global sustainability: panelists
koreatimes.co.kr/business/companies/20260609/forum-integration-into-local-ecosystem-key-to-korean-bizs-global-sustainability-panelists
DHT orders new tanker and agrees $250m credit facility: Bermudian-based oil tanker operator DHT Holdings has ordered a huge new vessel from a South Korean ...
royalgazette.com/international-business/business/article/20260604/dht-orders-new-tanker-and-agrees-250m-credit-facility/

South Korea's Hanwha showcases submarine as Ottawa mulls multibillion-dollar contract
cbc.ca/news/politics/south-korean-hanwha-submarine-contract-9.7210058

South Korea aims to win Canada’s sub bid with showcase of ship in B.C.: Hanwha Ocean showcased its submarine in Victoria as the company tries to win a bid to ...
globalnews.ca/news/11862371/hanwha-submarines-canada-sub-bid/

CFB Esquimalt visit a sales pitch for Korean submarine: The ROKS Daejeon and ROKS Dosan Ahn Chang-ho are at CFB Esquimalt, as a Korean defence company vies to ...
timescolonist.com/local-news/cfb-esquimalt-visit-a-sales-pitch-for-korean-submarine-12330835

$10B Submarine Investment Coming to B.C. Coast: Canada will purchase 12 new submarines, with South Korean shipbuilder Hanwha Ocean currently competing against ...
bnnbloomberg.ca/business/2026/05/26/10b-submarine-investment-coming-to-bc-coast/
Hanwha Ocean accelerates AI-driven shipyard overhaul with Starlink : Hanwha Ocean is accelerating its AI-driven digital transformation at its Geoje shipyard ...
star-telegram.com/news/nation-world/world/article315887916.html

Paid articlePaywall South Korean bidder to build military vehicles with Canadian parts, workers if it wins submarine contract
theglobeandmail.com/politics/article-south-korean-bidder-canada-submarine-contract/

Antitrust regulator extends corrective measures on Hanwha's shipbuilder acquisition by another 3 yrs
en.yna.co.kr/view/AEN20260428004700320
![[EXCLUSIVE] Hanwha calls off request for US Section 301 probes on China ...](https://newsimg.koreatimes.co.kr/2026/04/17/0af30f96-8356-400a-a19b-49c2be07fc30.jpeg)
[EXCLUSIVE] Hanwha calls off request for US Section 301 probes on China, India: Hanwha Qcells USA has withdrawn its comments on proposed U.S. investigations into ...
koreatimes.co.kr/business/companies/20260417/hanwha-calls-off-request-for-us-section-301-probes-on-china-india

AtkinsRéalis signs memorandum of understanding with Hanwha Ocean: Engineering firm AtkinsRéalis Group Inc. has signed a memorandum of understanding with Hanwha ...
bnnbloomberg.ca/business/2026/04/14/atkinsrealis-signs-memorandum-of-understanding-with-hanwha-ocean/

AtkinsRéalis signs MOU with South Korean submarine maker contending for federal contract
theglobeandmail.com/business/article-atkinsrealis-signs-memorandum-of-understanding-with-hanwha-ocean/

Paid articlePaywall Ottawa gives South Korean, German submarine builders opportunity to revise bids: South Korea’s Hanwha Ocean and Germany’s TKMS have until April 29 to include ...
theglobeandmail.com/politics/article-ottawa-gives-south-korean-german-submarine-builders-opportunity-to/

Hanwha Ocean to showcase next-gen destroyer at YIDEX 2026 in S. Korea: SEOUL, March 31 (Yonhap) -- Hanwha Ocean Co. said Tuesday it will participate in...
en.yna.co.kr/view/AEN20260331007100320

Peter Mansbridge didn't tell Pierre Poilievre, podcast audience about work for South Korean firm
cbc.ca/news/canada/peter-mansbridge-hanwha-submarine-ad-9.7121354

Korea to cut investments if Canada splits submarine contract: Seoul made it clear Thursday that investments by Korean firms in Canada would be smaller than ...
koreatimes.co.kr/business/companies/20260305/korea-to-cut-investments-if-canada-splits-submarine-contract

Ottawa weighs splitting submarine contract between Europe and South Korea, sources say
theglobeandmail.com/politics/article-ottawa-submarine-contract-europe-south-korea/

Deadline day: $20B submarine showdown puts Korean and German bids in spotlight: Canada's high-speed push to replace its aging Victoria-class submarines ...
cbc.ca/news/politics/submarines-canada-korea-germany-jobs-9.7108627

S. Korea signs document confirming gov't support for Canadian submarine bid: SEOUL, Feb. 20 (Yonhap) -- South Korean ministries and defense firms on Friday ...
en.yna.co.kr/view/AEN20260220003500315

South Korean shipbuilding giant announces major boost for Ontario marine industry at Hamilton site
cbc.ca/news/canada/hamilton/mohawk-college-ontario-shipyards-hanwha-ocean-9.7096362

OpinionWhat's lost in Canada's bid to purchase naval vessels: On Feb. 3, a Canadian delegation travelled all the way to the city of Geoje on Korea's southern coast for ...
koreatimes.co.kr/opinion/20260216/whats-lost-in-canadas-bid-to-purchase-naval-vessels

Hanwha signs 5 MOUs with Canadian firms to boost submarine project odds: Hanwha Group has sealed multiple deals with Canadian steel, artificial intelligence (AI) ...
koreatimes.co.kr/business/companies/20260127/hanwha-signs-5-mous-with-canadian-firms-to-boost-submarine-project-odds

200,000 job-years of sustained employment: Why Korea’s submarine bid matters for Canada’s economy
ottawacitizen.com/sponsored/news-sponsored/200000-job-years-of-sustained-employment-why-koreas-submarine-bid-matters-for-canadas-economy

Hanwha Ocean names ex-Canadian Navy officer to lead sub bid - UPI.com: Hanwha Ocean said it has appointed former Canadian Navy officer and Lockheed Martin Canada ...
upi.com/Top_News/World-News/2026/01/21/biz-hanwha-ocean-appointed-former-canadian-navy-officer-glenn-copeland/8991769051458/

Korean Air open to playing part in Canadian submarine bid: Korean Air said Monday it is open to supporting Hanwha Ocean’s consortium in its bid to beat Germany’s ...
koreatimes.co.kr/business/companies/20260119/korean-air-open-to-playing-part-in-canadian-submarine-bid

Bargaining with subcontracted workers becomes crucial for shipyards: Potential conflicts with subcontracted workers have emerged as a major risk for Korean ...
koreatimes.co.kr/business/companies/20260115/bargaining-with-subcontracted-workers-becomes-crucial-for-shipyards

Volkswagen denies role in Canadian submarine bid: Volkswagen has made it clear that it has no involvement in the ongoing competition between shipbuilders from ...
koreatimes.co.kr/business/companies/20260113/volkswagen-denies-role-in-canadian-submarine-bid

Canadian sub deal hinges on carmaker cooperation: Carmakers Hyundai Motor and Volkswagen have emerged as key players in the ongoing competition between Hanwha ...
koreatimes.co.kr/business/companies/20260109/canadian-sub-deal-hinges-on-carmaker-cooperation

HD Hyundai wins another US Navy order to overhaul auxiliary ship: HD Hyundai Heavy Industries (HHI) has secured another order to overhaul a U.S ...
koreatimes.co.kr/business/companies/20260107/hd-hyundai-wins-another-us-navy-order-to-overhaul-auxiliary-ship

Trump wants Hanwha to build US frigates at Philadelphia shipyard: When U.S. President Donald Trump unveiled plans to build new frigates for the U.S ...
koreatimes.co.kr/southkorea/defense/20251223/trump-wants-hanwha-to-build-us-frigates-at-philadelphia-shipyard

Hanwha upsets HD Hyundai's advantage, brings destroyer project back to square one
koreatimes.co.kr/business/companies/20251223/hanwha-upsets-hd-hyundais-advantage-brings-destroyer-project-back-to-square-one

Constellation-class implosion jeopardizes US naval superiority: A shipbuilding fiasco has forced the US Navy to scrap most of its Constellation-class frigates ...
asiatimes.com/2025/11/constellation-class-implosion-jeopardizes-us-naval-superiority/

Can Korean shipbuilders end disappointing streak with bid for Canadian subs?: Uncertainty is growing over Korea’s ambition to become a powerhouse in naval vessel ...
koreatimes.co.kr/business/companies/20251128/can-korean-shipbuilders-end-disappointing-streak-with-bid-for-canadian-subs

US naval chief explores HD Hyundai, Hanwha Ocean shipyards: The United States' chief of naval operations visited the shipyards of HD Hyundai and Hanwha Ocean on ...
koreatimes.co.kr/business/companies/20251116/us-naval-chief-explores-hd-hyundai-hanwha-ocean-shipyards

China suspends ‘special port fees’ on US vessels amid fragile trade truce: China said Monday it would suspend for one year “special port fees” on US vessels ...
hongkongfp.com/2025/11/10/china-suspends-special-port-fees-on-us-vessels-amid-fragile-trade-truce/

China temporarily lifts sanctions on Hanwha Ocean’s US subsidiaries: China has decided to temporarily lift sanctions on Hanwha Ocean’s five U.S ...
koreatimes.co.kr/business/companies/20251110/china-temporarily-lifts-sanctions-on-hanwha-oceans-us-subsidiaries

(URGENT) Lee, Xi had 'productive' discussions related to Hanwha Ocean: security adviser
en.yna.co.kr/view/AEN20251101006500315

Korea-US joint fact sheet delayed amid final wording adjustments on security issues
koreatimes.co.kr/foreignaffairs/20251107/korea-us-joint-fact-sheet-delayed-amid-final-wording-adjustments-on-security-issues

No decision yet on using Philly shipyard for nuclear submarine project: Seoul: No specific details have been discussed with the United States regarding Korea's ...
koreatimes.co.kr/southkorea/defense/20251105/no-decision-yet-on-using-philadelphia-shipyard-for-nuclear-sub-project-seoul

Trump wants to 'make America shipbuilding great again,' and he's turning to an ally for help
nbcnews.com/world/asia/trump-wants-make-america-shipbuilding-great-turning-ally-help-rcna240413

Chinese sanctions cloud U.S.-Korea naval cooperation: South Korea’s Defense Acquisition Program Administration (DAPA) chief Seok Jong-gun warned this week that ...
defence-blog.com/chinese-sanctions-cloud-u-s-korea-naval-cooperation/

US-China maritime deal likely to lift sanctions on Hanwha Ocean: Hanwha Ocean is expected to benefit from the trade deal struck between United States President ...
koreatimes.co.kr/business/companies/20251102/us-china-maritime-deal-likely-to-lift-sanctions-on-hanwha-ocean

South Korean shipbuilder eyes support for PH Navy’s submarine program: During a meeting on the sidelines of the APEC summit in Gyeongju, Hanwha Ocean executives ...
rappler.com/philippines/south-korean-shipbuilder-hanwha-support-navy-submarine-program/

Carney tours newly completed South Korean sub as Canada weighs multi-billion dollar order
cbc.ca/news/politics/canada-submarines-carney-south-korea-9.6959659

US Navy shipbuilding is ‘a mess.’ South Korean companies think they can help fix it
edition.cnn.com/2025/10/20/asia/south-korea-shipyards-us-navy-intl-hnk-dst-ml

U.S. and China roll out tit-for-tat port fees, threatening more turmoil at sea: The U.S. and China on Tuesday began charging additional port fees on ocean ...
nbcnews.com/world/asia/us-china-roll-tit-tat-port-fees-threatening-turmoil-sea-rcna237716

Korea’s defense industry showcases AI, space tech at ADEX 2025: Seoul’s biennial Aerospace & Defense Exhibition (ADEX 2025) offered an extensive overview of the ...
koreatimes.co.kr/southkorea/defense/20251021/koreas-defense-industry-showcases-ai-space-tech-at-adex-2025

China sanctions on Hanwha threaten South Korea-US shipbuilding ties, officials say
reuters.com/world/china/chinese-sanctions-hanwhas-us-shipbuilding-units-aim-coerce-south-korea-state-2025-10-16/

China targets five U.S. subsidiaries of South Korea's Hanwha Ocean, sending shares down 8%
cnbc.com/2025/10/14/china-sanctions-five-us-subsidiaries-of-south-koreas-hanwha-ocean-over-their-ties-with-washington.html

Paid articlePaywall Breaking | China sanctions 5 US subsidiaries of South Korean shipping giant: Hanwha Ocean stands accused of aiding Washington in its curbs on Chinese shipping.
scmp.com/economy/china-economy/article/3328899/china-sanctions-five-us-subsidiaries-south-korean-shipping-giant

Paid articlePaywall South Korean defence giant hit by Chinese sanctions offers anti-ship missile to Manila
scmp.com/news/china/military/article/3329106/south-korean-defence-giant-hit-chinese-sanctions-offers-anti-ship-missile-manila

Paid articlePaywall China slaps sanctions on Korean shipbuilder accused of helping US: Measures extend trade war between Washington and Beijing to third countries
ft.com/content/f8255bd7-a9ae-4a97-bcab-b79efdc02897

Tariffs: China and the USA slow down their merchant fleets: The rival superpowers are sparring with each other with new fees and sanctions ...
faz.net/aktuell/wirtschaft/zoelle-china-und-die-usa-bremsen-ihre-handelsflotten-aus-110731845.html

China cuts off Philly Shipyard supplies to punish Hanwha for partnership with U.S. amid trade fight
inquirer.com/business/hanwha-shipyard-korea-china-boycott-supplier-trade-20251014.html

U.S. Starts Charging Chinese Ships to Dock at Its Ports: The measure is aimed at countering China’s dominance of commercial shipbuilding and helping to ...
nytimes.com/2025/10/14/business/china-shipping-us-ports.html
Beijing sanctions Korean shipbuilder giant as US-China tensions escalate: China's commerce ministry accused Hanwha Ocean's US units of violating its anti-foreign ...
business-standard.com/world-news/us-china-rivalry-beijing-sanctions-hanwha-ocean-us-subsidiaries-125101400656_1.html

US, China roll out tit-for-tat port fees, threatening more turmoil at sea: The United States and China began charging additional port fees on ocean shipping ...
reuters.com/world/china/us-china-roll-out-tit-for-tat-port-fees-threatening-more-turmoil-sea-2025-10-14/