HD Hyundai said on the 27th that it is going all out to win the Canadian Patrol Submarine Project (CPSP) by proposing an offset trade worth trillions of won to Canada. HD Hyundai Heavy Industries is competing for the Canadian submarine order as a one-team with Hanwha Ocean.
HD Hyundai plans to provide comprehensive consulting so Canada can operate and maintain submarines stably, based on its capability in submarine depot maintenance in shipbuilding. It will transfer warship and submarine technology and shipbuilding know-how to Canadian shipyards to help strengthen the competitiveness of Canada's shipbuilding industry. Depot maintenance is the highest level among military equipment maintenance stages, referring to a form of maintenance that renews the entire equipment into new equipment.
Together with leading Canadian universities and research institutions, it will push R&D joint cooperation from shipbuilding and manufacturing to advanced research and development fields such as AI and bio, raising the future competitiveness of both countries' industries. In energy, an HD Hyundai official said the plan includes importing crude oil worth trillions of won during the submarine project period in cooperation with Canadian crude oil companies, centered on HD Hyundai Oilbank.
An HD Hyundai official said, "The Canadian submarine project requires offset trade across all industrial areas that can create synergy between countries beyond exporting warships," adding, "We have prepared proposals in HD Hyundai's shipbuilding and energy sectors that can be win-win for both countries."