Last mentioned: Jul 7, 2026
Across the most recent 2 stories covering Vina Nadjibulla — 100% negative sentiment, averaging 7/10 impact.
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Hanwha Ocean Shares Crash 23%
Hanwha Ocean's stock price plunged about 23% in Seoul trading following the news, marking its largest single-day drop in years. South Korean President Lee Jae Myung posted a message encouraging continued efforts in defense exports.
Canada Selects TKMS as Preferred Submarine Supplier
Canadian Prime Minister Mark Carney announced ThyssenKrupp Marine Systems would build Canada's next fleet of submarines, choosing the German bid over South Korea's Hanwha Ocean.
The loss highlights the growing influence of NATO interoperability and Arctic strategy in major defense contracts, delivering a sharp blow to South Korea's naval export ambitions and triggering a 23% stock crash.
The $100 billion contract loss erased roughly a quarter of Hanwha Ocean's market value in a single day, shaking investor confidence and raising doubts about the shipbuilder's ability to capture large-scale international defense contracts.