South Korean Shipbuilder Ends Hamilton Partnership After Failed Navy Bid
Hanwha Ocean is withdrawing from a shipbuilding training partnership with Mohawk College and Ontario Shipyards following the Canadian government’s decision to select ThyssenKrupp Marine Systems (TKMS) for its new submarine fleet. The South Korean firm’s exit follows Prime Minister Mark Carney’s announcement that Canada will negotiate a potential $24-billion procurement contract with the German shipbuilder … Read more