HD Hyundai has proposed importing multi-billion dollar Canadian crude oil and extensive technology transfers as part of its bid for Canada’s $45 billion submarine project, aiming to maximize bilateral industrial cooperation.
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HD Hyundai Proposes Multi-Billion Dollar Crude Oil Imports in Bid for Canadian Submarine Contract

HD Hyundai has proposed importing multi-billion dollar Canadian crude oil and extensive technology transfers as part of its bid for Canada’s $45 billion submarine project, aiming to maximize bilateral industrial cooperation.

Yonhap Infomax

Via #GlobalNews, Aug 26, 2025

Prime Minister #MarkCarney arrived in #Germany late Monday & has signed a #CriticalMinerals partnership with Germany that encourages the joint public financing of #NaturalResources projects as #Ottawa works to boost development #exports to #Europe.
 
Additionally, #Canada has narrowed down its shopping list for its next fleet of submarines to those made by two suppliers: Germany’s #ThyssenKruppMarineSystems and #SouthKorea’s #HanwhaOceanCo.

https://youtube.com/watch?v=nn19YOssSbs&si=Y3oeyE79B6SEHE4T

Canada signs critical minerals deal with Germany, narrows down new submarine suppliers

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