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Hanwha Ocean signs landmark agreements with Canada
27th Apr 2026
Hanwha Ocean's KSS-III submarines are designed for long-range operations
Hanwha Ocean is embedding its shipbuilding expertise directly into Canadian industry. The South Korean shipbuilder has signed a Memorandum of Understanding (MoU) with Ontario Shipyards and a trilateral Letter of Intent (LoI) with Ontario Shipyards and Mohawk College, establishing a technology transfer, industrial modernisation and workforce development framework in the Great Lakes region. The move is part of an effort to position itself for the Canadian Patrol Submarine Project (CPSP), one of the most consequential naval procurement decisions in Canadian history.
The CPSP aims to replace the Royal Canadian Navy’s ageing Victoria-class submarines with up to 12