Korean shipbuilding company Hanwha Ocean says it is pulling out of a partnership training deal with Ontario Shipyards and Mohawk College, following Ottawa’s selection of a German company to build new submarines for the Canadian navy.
Hanwha announced it was exiting the arrangement after Prime Minister Mark Carney said on July 6 that Germany’s ThyssenKrupp Marine Systems (TKMS) had been selected as the preferred supplier for Canada’s new submarine fleet.
TKMS was chosen over Hanwha, which had been the only remaining competing bidder on the contract at the time of Ottawa’s decision.
“Hanwha’s agreement with Ontario Shipyards and Mohawk College was dependent on Hanwha being selected,” Hanwha spokesperson Keelan Green said in a statement to CBC….