Asia Offshore Patrol Vessels And Corvette Market Report 2015

Posted: 01/22/2015

"The demand for corvettes in the Asian region outstrips every other region in terms both of numbers and operational requirements"
Asian Military Review

The Asia Pacific region, and especially South East Asia, is one of the busiest sea channels in the world, with over 1000 vessels passing through the Singapore and Malacca Straits each day. There, both Navies and Coast Guards conduct a myriad
of maritime operations, in a bid to enhance maritime security and maritime domain awareness.

In addition to protecting the exclusive economic zones (EEZs) of each country, a major security issue in the region is piracy. Although stories of piracy in the Gulf of Aden dominate western media, a report by the International Maritime Bureau (IMB) revealed that Asia accounted for around 75 percent of global maritime piracy and robbery incidents in 2014.

Of 245 actual and attempted acts of piracy worldwide last year, 183 of those occurred in Asian waters. Given that a third of the world’s oil supply passes through the region, regional countries have a strong interest in protecting trade routes

In this 16 page report written by Thomas Withington, Editor, Asian Military Review and Richard Pain, Digital Content Editor, IQPC get a comprehensive overview and learn more about the future of offshore patrol vessels in the Asia pacific region.

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Posted: 01/22/2015