Berliner Boersenzeitung - Australia to buy 11 advanced warships from Japan

EUR -
AED 4.339975
AFN 76.814055
ALL 96.797455
AMD 444.535927
ANG 2.115423
AOA 1083.663344
ARS 1692.015434
AUD 1.685082
AWG 2.130101
AZN 2.013663
BAM 1.954639
BBD 2.37329
BDT 144.104396
BGN 1.984592
BHD 0.444336
BIF 3491.925652
BMD 1.181748
BND 1.500509
BOB 8.142163
BRL 6.165657
BSD 1.1783
BTN 106.731597
BWP 15.599733
BYN 3.385189
BYR 23162.260663
BZD 2.369792
CAD 1.617282
CDF 2599.846012
CHF 0.916635
CLF 0.025765
CLP 1017.355497
CNY 8.200091
CNH 8.189295
COP 4354.327742
CRC 584.152989
CUC 1.181748
CUP 31.316322
CVE 110.877553
CZK 24.230684
DJF 209.825355
DKK 7.471252
DOP 74.365824
DZD 153.099053
EGP 55.224195
ERN 17.72622
ETB 183.179684
FJD 2.611077
FKP 0.868664
GBP 0.867943
GEL 3.184858
GGP 0.868664
GHS 12.949308
GIP 0.868664
GMD 86.268024
GNF 10342.855918
GTQ 9.037631
GYD 246.523555
HKD 9.234002
HNL 31.26319
HRK 7.534948
HTG 154.358305
HUF 377.809361
IDR 19918.953296
ILS 3.676034
IMP 0.868664
INR 107.038538
IQD 1548.680745
IRR 49781.134392
ISK 145.012752
JEP 0.868664
JMD 184.420447
JOD 0.837906
JPY 185.77138
KES 151.999706
KGS 103.344316
KHR 4765.99007
KMF 495.152823
KPW 1063.598142
KRW 1729.84719
KWD 0.363045
KYD 0.981917
KZT 582.993678
LAK 25320.958308
LBP 105522.815101
LKR 364.543446
LRD 221.518409
LSL 19.009707
LTL 3.489395
LVL 0.714828
LYD 7.461568
MAD 10.854401
MDL 20.090066
MGA 5230.892634
MKD 61.603405
MMK 2481.807261
MNT 4219.167775
MOP 9.482267
MRU 47.093105
MUR 54.43176
MVR 18.258453
MWK 2052.696671
MXN 20.401229
MYR 4.664955
MZN 75.33688
NAD 19.009707
NGN 1615.426317
NIO 43.36424
NOK 11.451852
NPR 170.770555
NZD 1.964016
OMR 0.453131
PAB 1.1783
PEN 3.979541
PGK 5.052998
PHP 69.145302
PKR 329.485672
PLN 4.218238
PYG 7785.375166
QAR 4.303159
RON 5.093811
RSD 117.646603
RUB 90.749791
RWF 1719.778381
SAR 4.431245
SBD 9.522701
SCR 16.161135
SDG 710.825762
SEK 10.663153
SGD 1.504252
SHP 0.886617
SLE 28.894177
SLL 24780.663673
SOS 672.200685
SRD 44.691391
STD 24459.797516
STN 24.485455
SVC 10.309876
SYP 13069.630436
SZL 19.00571
THB 37.266468
TJS 11.040741
TMT 4.142027
TND 3.365032
TOP 2.845365
TRY 51.538989
TTD 7.97926
TWD 37.331853
TZS 3045.890616
UAH 50.612034
UGX 4192.509477
USD 1.181748
UYU 45.542946
UZS 14469.404578
VES 446.683163
VND 30666.360419
VUV 141.360897
WST 3.227027
XAF 655.567566
XAG 0.015204
XAU 0.000238
XCD 3.193733
XCG 2.123638
XDR 0.815316
XOF 655.567566
XPF 119.331742
YER 281.732962
ZAR 18.960639
ZMK 10637.154271
ZMW 21.945963
ZWL 380.522372
  • SCS

    0.0200

    16.14

    +0.12%

  • JRI

    0.0900

    12.97

    +0.69%

  • BCC

    1.8700

    91.03

    +2.05%

  • CMSD

    0.0600

    23.95

    +0.25%

  • NGG

    1.1700

    88.06

    +1.33%

  • BCE

    -0.4900

    25.08

    -1.95%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • GSK

    1.0600

    60.23

    +1.76%

  • BTI

    0.8400

    62.8

    +1.34%

  • RIO

    2.2900

    93.41

    +2.45%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • AZN

    5.8700

    193.03

    +3.04%

  • VOD

    0.4900

    15.11

    +3.24%

  • RELX

    -0.7100

    29.38

    -2.42%

  • BP

    0.8400

    39.01

    +2.15%

Australia to buy 11 advanced warships from Japan
Australia to buy 11 advanced warships from Japan / Photo: Handout - AUSTRALIAN DEFENCE FORCE/AFP

Australia to buy 11 advanced warships from Japan

Australia will upgrade its navy with 11 Mogami-class frigates built by Japan's Mitsubishi Heavy Industries, Defence Minister Richard Marles said on Tuesday.

Text size:

Australia is in the midst of a major military restructuring announced in 2023, turning towards long-range strike capabilities to better respond to China's naval might.

It is striving to expand its fleet of major warships from 11 to 26 over the next 10 years.

"This is clearly the biggest defence-industry agreement that has ever been struck between Japan and Australia," Marles said, touting the US$6 billion (Aus$10 billion) deal.

Mitsubishi Heavy Industries was awarded the tender over Germany's ThyssenKrupp Marine Systems.

"This decision was made based on what was the best capability for Australia," Marles said.

"We do have a very close strategic alignment with Japan."

Mogami-class warships are advanced stealth frigates equipped with a potent array of weapons.

Marles said they would replace Australia's ageing fleet of Anzac-class vessels, with the first Mogami-class ship to be in service by 2030.

"The Mogami-class frigate is the best frigate for Australia," said Marles.

"It is a next-generation vessel. It is stealthy. It has 32 vertical launch cells capable of launching long-range missiles."

Defence industry minister Pat Conroy said the frigates were capable of launching long-range Tomahawk cruise missiles.

- 'More lethal' -

"The acquisition of these stealth frigates will make our navy a bigger navy, and a more lethal navy," he said.

The first three Mogami-class frigates will be built overseas, Conroy said, with shipbuilding yards in Western Australia expected to produce the rest.

Australia announced a deal to acquire US-designed nuclear-powered submarines in 2021, scrapping a years-long plan to develop non-nuclear subs from France.

Under the tripartite AUKUS pact with the United States and the United Kingdom, the Australian navy plans to acquire at least three Virginia-class submarines within 15 years.

The AUKUS submarine programme alone could cost the country up to US$235 billion over the next 30 years, according to Australian government forecasts, a price tag that has stoked criticism of the strategy.

Major defence projects in Australia have long suffered from cost overruns, government U-turns, policy changes and project plans that make more sense for local job creation than defence.

Australia plans to gradually increase its defence spending to 2.4 percent of gross domestic product -- above the two percent target set by its NATO allies, but well short of US demands for 3.5 percent.

(Y.Yildiz--BBZ)