Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments
  • Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter
  • Clacton Arts Centre gallery to celebrate first anniversary
  • Alibaba AI investments start to yield tangible returns for cloud business
  • Tamil Nadu CM Stalin embarks on trip to Germany, UK to attract investments | Latest News India
  • Real Estate for Cryptocurrency in 2025: Where and how to buy
  • MoU inked for investments in decarbonising technologies | Latest News India
  • What Role Does User Education Play In Enhancing Cryptocurrency Cybersecurity?
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Finance»Japan will finance the construction of ships for the Philippine Coast Guard
Finance

Japan will finance the construction of ships for the Philippine Coast Guard

May 18, 20242 Mins Read



18 May, 2024
MRRV-9701 Patrol Vessel built by Mitsubishi for the Philippine Coast Guard. Photo from the network

The governments of Japan and the Philippines finalized the formation of the largest maritime security project in the world, under which the Philippine Coast Guard will receive Japanese ships.

Naval News reported on this.

According to the project, the Japanese government will order five large patrol ships from Mitsubishi Shipbuilding, which will enhance the capabilities of the Philippine Coast Guard.

The new ships will be built on the already developed base of Kunigami-class patrol ships, which are used and built for the Japan Coast Guard.

Funded by an Official Development Aid loan from Japan International Cooperation Agency, the $507 million deal is the largest to date by Tokyo to the Philippines’ maritime law enforcement agency.

Of the $507 million budget, around $425 million will be dedicated to constructing five 97-meter-long multi-mission response vessels.

The Philippine Coast Guard officially classifies them as multi-mission response vessels (MRRV).

It should be noted that in addition to the ships themselves, the Coast Guard will receive a five-year integrated logistics support package from Mitsubishi Shipbuilding.

The Philippine Coast Guard is already using patrol vessels built by Mitsubishi Shipbuilding, namely BRP Teresa Magbanua and BRP Melchora Aquino.

Both ships were built on the basis of Kunigami-class patrol ships, which are also used by the Japan Coast Guard.

Also, from 2016 to 2018, the Philippines received 10 small patrol boats from Japan, manufactured by Japan Marine United.

Militarnyi previously reported that during a Japanese-Indonesian meeting in Tokyo, both countries had agreed to build a large patrol ship for the Indonesian Coast Guard.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ex-WH Smith finance boss delays Greggs board appointment amid accounting probe

August 28, 2025 Finance

Finance Minister Nirmala Sitharaman reassures exporters, extends full support amid US tariff shock

August 28, 2025 Finance

The Economist’s finance and economics internship

August 27, 2025 Finance

Blended finance, carbon markets key to lower decarbonisation costs in emerging markets: Piyush Gupta

August 26, 2025 Finance

What Is an Underwriter in Finance? Roles & Types Explained

August 25, 2025 Finance

Major IT issues hit finance officials in hours before last year’s budget – The Irish Times

August 25, 2025 Finance
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025 Investments 2 Mins Read

VISAKHAPATNAM: Tourism sector in Andhra Pradesh has received investments worth ₹12,000 crore as part of…

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025
Our Picks

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025
Our Picks

Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

August 29, 2025

Avalanche (AVAX) holds $24, but experts agree Mutuum Finance (MUTM) is the best Cryptocurrency to buy before 2026

August 29, 2025

Original drawings for National Gallery released including pool plans

August 29, 2025
Latest updates

AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments

August 30, 2025

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025
Weekly Updates

Financial regulators ensure $82M in cryptocurrency assets returned to consumers

June 28, 2024

National Gallery will use own resources to bring idle €120,000 scanner into use this year, says Minister – The Irish Times

February 26, 2025

4 Ways Refinancing Can Benefit You as Mortgage Rates Drop

August 17, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.