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Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Newseze Wire·Tue, Jul 7, 5:29 AMWire: CNBC Top News
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Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Canadian Prime Minister Mark Carney announced Monday that Germany's Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines.

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Canadian Prime Minister Mark Carney announced Monday that Germany's Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines. The story falls into Newseze's economy desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: CNBC Top News.
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