Capital DailyCapital Daily
Finance

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

Published July 7, 2026 · Category: Finance

Overview

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

Source

Originally published at www.cnbc.com.

Related Articles

CD
Capital Daily Newsroom

Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]

Email the newsroom →
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.