IMDEX 2013: Asia-Pacific navy procurement expected to increase
With countries in Asia-Pacific planning to spend some $200 billion by 2032 on new naval vessels, companies both from the region and globally are eagerly pursuing what has become the second largest market in the world.
Ng Eng Hen, Singapore's minister of defence, told the IMDEX exhibition on 14 May that secure sea routes remain critical to stability and economic growth in the region, while increasing threats, such as piracy, maritime terrorism, weapons of mass destruction proliferation and territorial disputes, pose new challenges.
‘These challenges cannot be solved by any one nation, no matter how well resourced,’ he argued. ‘Instead,
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Naval Warfare
-
Second Brazilian Riachuelo-class submarine conducts pre-service testing
The second of four PROSUB conventional attack submarines has completed diving trials ahead of service entry with the Brazilian Navy later this year.
-
Argentina turns to local industry in naval modernisation push
Local companies will build a new landing ship and floating dock, modernise in-service corvettes and develop a naval surveillance radar.
-
The US Navy's 2024 budget request in five charts
In early March, the Biden administration submitted a proposal to Congress that would see the US DoD funded to the tune of $842 billion, around a quarter of which will go to the US Navy.
-
Are Australia’s SSN ambitions ‘sub-optimal’? (Opinion)
Some describe Australia's SSN plans as marking the country's coming of age, but there are still too many questions whether it will work out the way planners imagine.
-
South Korea approves naval minesweeper programme
A new class of minesweeper has been approved for the ROK Navy, while another Daegu-class frigate has been commissioned.