Canadian Defense Minister Evaluates Hanwha Ocean’s Submarine Capabilities
SEOUL, Feb. 2 (Yonhap) — Stephen Fuhr, Canada’s minister responsible for defense procurement, visited Hanwha Ocean Co.’s shipyard in Geoje, South Korea, on Monday. This visit is part of Canada’s efforts to select a supplier for its significant submarine acquisition initiative, known as the Canadian Patrol Submarine Project (CPSP). Hanwha Ocean and Germany’s Thyssenkrupp Marine Systems (TKMS) were shortlisted last summer for this project, which aims to introduce up to 12 submarines in the 3,000-ton class, with an estimated value of 60 trillion won (approximately US$41 billion). The finalists are expected to submit their proposals to the Canadian government by March.
During his visit, Fuhr had the opportunity to board the Jang Bogo-III Batch-II submarine, named Jang Yeong-sil, which Hanwha Ocean has proposed for the CPSP. He also toured the shipyard and automation facilities, gaining firsthand insight into the company’s construction capabilities. Fuhr expressed enthusiasm about the advanced technologies showcased during his visit, describing the experience as “amazing.”
Strategic Partnerships and Future Prospects
The CPSP is a crucial defense program for Canada, focusing on enhancing the country’s naval capabilities. In preparation for their bid, Hanwha Ocean and Hanwha Systems recently signed memorandums of understanding with five Canadian companies. These agreements aim to foster strategic investment and cooperation in various sectors, including steelmaking, artificial intelligence (AI), and aerospace.
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Ted Kirkpatrick, vice president of Ontario Shipyards, emphasized the importance of the visit in identifying effective ways to utilize Canadian shipyard facilities and workforce. By benchmarking Hanwha Ocean’s shipbuilding capabilities and performance, the collaboration aims to enhance Canada’s defense manufacturing sector.
Hanwha Ocean’s CEO, Kim Hee-cheul, highlighted the significance of Fuhr’s visit, viewing it as a field inspection by the Canadian government to evaluate the company’s ability to execute the CPSP project. He reiterated that Hanwha Ocean is not only prepared to provide optimal solutions for the Canadian Navy but also aims to establish a long-term partnership with Canada.
As the deadline for proposals approaches, the outcome of this submarine acquisition project will play a pivotal role in shaping Canada’s naval defense strategy for years to come.
