Business
Hanwha Ocean Signs Landmark Agreements to Strengthen Canada's Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario
Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MOU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.
About this update from Hanwha Ocean Co., Ltd.
[{"type":"text","content":"Strategic MOU advances industrial capability and technology transfer in Ontario; trilateral LOI establishes an embedded shipbuilding workforce development and innovation hub","length":178,"tagName":"p"},{"type":"text","content":"HAMILTON, ON, Feb. 19, 2026 /PRNewswire/ -- Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MOU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada's ability to deliver future naval programs.","length":273,"tagName":"p"},{"type":"image","alt":"Key representatives pose for a commemorative photo following the Hanwha Ocean–Ontario Shipyards MOU signing and the trilateral LOI ceremony with Mohawk College. Front row, from left: Mohawk College President Paul Armstrong, Hanwha Ocean CEO Kim Hee-cheul, and Ontario Shipyards CEO Shaun Padulo, joined by Canadian Members of Parliament and other local officials after the signing ceremonies.","displaySize":"","headline":null,"caption":"Key representatives pose for a commemorative photo following the Hanwha Ocean–Ontario Shipyards MOU signing and the trilateral LOI ceremony with Mohawk College. Front row, from left: Mohawk College President Paul Armstrong, Hanwha Ocean CEO Kim Hee-cheul, and Ontario Shipyards CEO Shaun Padulo, joined by Canadian Members of Parliament and other local officials after the signing ceremonies.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":239,"url":"https://media.zenfs.com/en/cnwgroup.com/989bd95f5b55def2949d4db09d2dae52"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Fu6KsgP325wokZQXoa245A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/989bd95f5b55def2949d4db09d2dae52","width":400,"height":239}},"href":"https://mma.prnewswire.com/media/2916607/Hanwha_Ocean_photo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In parallel, Hanwha Ocean, Ontario Shipyards and Mohawk College have entered into a Letter of Intent (LOI) to establish an embedded shipbuilding training hub at Ontario Shipyards' Hamilton facility, aligned with the sector's long-term workforce requirements.","length":266,"tagName":"p"},{"type":"text","content":"Together, the agreements establish a coordinated industrial and workforce development framework intended to posi...