22 April 2013

News Story: Asia-Pacific (Maritime) Spending Spree

Indonesian SIGMA class Corvette (File Photo)

By WENDELL MINNICK and PAUL KALLENDER-UMEZU

TAIPEI — The Asia-Pacific will comprise 26 percent — nearly $200 billion — of global naval and maritime security builds in the next 20 years as complex relationships and rivalries drive procurements designed for particular regional challenges.

New builds in Asia and Australia include six aircraft carriers, 128 amphibious and 21 auxiliary ships, 12 corvettes, two cruisers, 42 destroyers, 235 fast attack craft, 115 frigates, 34 mine countermeasures, 82 offshore patrol vessels (OPVs), 255 patrol craft and 116 submarines, said Bob Nugent, vice president of advisory services at AMI International, a naval analysis firm based in Bremerton, Wash.

This list includes China with 172 hulls, South Korea at 145 and Japan at 74, he said.

Read the full story at DefenseNews