Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Canadian Prime Minister Mark Carney announced Monday that Germany's Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines.

# Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines Canadian Prime Minister Mark Carney announced Monday that Germany's Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines.  **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/07/hanwha-ocean-shares-sink-canada-submarines-tkms.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*