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| US Navy LCS-1 USS Freedom (Wiki Info) |
By WENDELL MINNICK
SINGAPORE — Asia-Pacific nations are modernizing their surface and underwater naval capabilities by buying stealthy warships, attack submarines, patrol vessels, sensors, radars, missiles and unmanned systems.
That much was clear at last week’s biennial International Maritime Defence Exhibition and Conference (IMDEX) in Singapore.
The Asia-Pacific makes up roughly 25 percent of the global projected new ship market, said Bob Nugent, vice president of advisory services at AMI International, a US naval analysis firm. “AMI projects that navies within the Asia-Pacific region will spend a combined [US] $180 billion, almost 800 new ships, surface craft and submarines through 2031,” he said.
This comes out to about 1,000 new construction ships, submarines and 30-meter craft. Submarine and anti-submarine warfare (ASW) segments represent 100 new subs and make up 40 percent, or $62 billion, of the global new build submarine market by volume.
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