Canada seeks diesel-electric submarines in Arctic, Atlantic and Pacific
The Canadian Patrol Submarine Project aims to acquire up to 12 diesel-electric submarines for the Royal Canadian Navy. The vessels are intended to operate across the Arctic, Atlantic and Pacific oceans.
Hanwha Ocean consortium bids on project
South Korea's Hanwha Ocean-led consortium is competing for a deal that could be worth up to 60 billion Canadian dollars, or approximately $42.88 billion. An article published by Asia News Network on June 18, 2026, reports the valuation.
South Korean offer highlights
Ahn Sung-mi of The Korea Herald reported that Hanwha Ocean touts its offer based on proven submarines, faster delivery times, and economic benefits. The article frames the competition as one between "Korean readiness" and "German innovation."
South Korean Navy submarine activity
A photograph caption in source context shows the South Korean Navy submarine Park Wi participating in a Fleet Review off Busan on September 26, 2025.