Hanwha Ocean Co. has faced U.S.-China shipbuilding tensions; China banned dealings with five Hanwha Ocean subsidiaries as authorities clamp down on strategic suppliers.
Canada has selected ThyssenKrupp Marine Systems (TKMS) as the preferred supplier to build 12 new diesel-electric patrol submarines, replacing the aging Victoria-class fleet. The decision, announced ahead of NATO discussions, foreshadows a push to strengthen Arctic surveillance and NATO interoperability, with a total program value potentially exceeding US$70 billion including maintenance over decades.