20 February 2026 | News
Image Courtesy: Public Domain
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.
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.
Together, the agreements establish a coordinated industrial and workforce development framework intended to position Ontario as a scalable centre of excellence for defence-related shipbuilding and advanced marine manufacturing in the Great Lakes region.
Memorandum of Understanding
Hanwha Ocean and Ontario Shipyards
Under the bilateral MOU, Hanwha Ocean will provide structured technical and operational support to Ontario Shipyards to strengthen production readiness and shipyard performance.
The cooperation will focus on:
These measures are intended to accelerate the re-establishment of large-scale vessel construction capability in Ontario, enhance production efficiency, and support long-term naval industrial readiness.
As part of this cooperation, Hanwha Ocean will provide support to the design and construction for a Training and Recruitment vessel that Ontario Shipyards will begin building in 2026, serving as a practical demonstration of next-generation shipbuilding capability in the province.
Subject to the award of the Canadian Patrol Submarine Project (CPSP), Hanwha Ocean intends to pursue further strategic investment in Ontario, including the establishment of a dedicated shipbuilding training centre and expanded industrial cooperation with Ontario-based suppliers.
Letter of Intent
Hanwha Ocean, Ontario Shipyards and Mohawk College
The trilateral LOI establishes a structured pathway to address persistent shortages in skilled trades and technical professionals critical to shipbuilding.
The collaboration will focus on:
Under this framework:
Strengthening Ontario's Role in Canada's Marine Defence Ecosystem
By integrating industrial modernization with structured workforce development, the partnership aligns with Ontario's advanced manufacturing strategy and Canada's broader objective to strengthen sovereign defence industrial capability.
The coordinated framework is expected to:
Over the long term, the initiative is designed to position the Golden Horseshoe and the broader Great Lakes region as a nationally significant hub for advanced marine manufacturing and shipbuilding.
Quotes
Kim Hee-cheul, President and CEO, Hanwha Ocean
"Our objective is not simply to transfer expertise, but to embed Hanwha Ocean's advanced shipbuilding processes and operational know-how directly into Ontario Shipyard operations. By doing so, we are strengthening Canada's domestic industrial base, supporting high-quality Canadian jobs, and ensuring long-term workforce readiness. This partnership reflects our commitment to building sustainable submarine construction and sustainment capacity in Canada, fully aligned with the objectives of the Canadian Patrol Submarine Project."
Shaun Padulo, President and CEO, Ontario Shipyards
"At its core, this partnership is about people. With Hanwha Ocean working alongside our teams and Mohawk College training the next generation in a live shipyard, we are building the Canadian workforce that will deliver and sustain Canadian ships for decades to come. That is how sovereign capacity is created. This partnership activates Ontario's industrial strength in direct support of the National Shipbuilding Strategy and the future of the Royal Canadian Navy and creates meaningful long-term careers for Canadians.
Paul Armstrong, President, Mohawk College
"Mohawk College believes in the strength and power of industry-led learning. By working alongside Hanwha Ocean and Ontario Shipyards, we are creating an environment where expertise, innovation, and education come together to support workforce development. This collaboration will strengthen advanced manufacturing and shipbuilding capability in Canada and help build the skilled talent required for long-term success in a rapidly evolving marine sector."