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Hanwha Ocean shares fall on lost bid to build submarines for Canada

Posted online July 7, 2026 | 7:39 am

South Korea's Hanwha Ocean shares fell by 23% after Canada chose a different firm to build submarines.

Germany’s Thyssenkrupp Marine Systems won the bid.

The project is reportedly set to be $100 billion over three decades.

Read more from CNBC.

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