BERLIN — Canada has narrowed down its shopping list for its next fleet of submarines to those made by two suppliers, Germany’s Thyssen Krupp Marine Systems and South Korea’s Hanwha Ocean Co.

Ottawa plans to replace the Royal Canadian Navy's current fleet of four Victoria-class submarines over the next decade with up to 12 new subs.

Prime Minister Mark Carney announced at a news conference with Chancellor Friedrich Merz on Tuesday morning that Hanwha and TKMS, are the two best qualified suppliers for the job.

"There's a clear difference in their ability, the two finalists, to meet those technical requirements which are very demanding because in Canada, submarine means weeks under the sea ice, as well as in the Pacific," Carney said.

"We need to be able to have year-round fleets on all t

See Full Page