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

Posted on July 7, 2026
By CNBC
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1 min read

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

Shares of Hanwha Ocean fell over 20% after the company lost the bidding war to Germany's ThyssenKrupp Marine Systems to build Canada's next fleet of submarines.