Loans For Cars :: News
SHARE

Share this news item!

Australia Partners with Japan's Mitsubishi for New Naval Frigates

Strategic Defense Collaboration Strengthens Regional Security

Australia Partners with Japan's Mitsubishi for New Naval Frigates?w=400
In a significant move to bolster its naval capabilities, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 new Mogami-class frigates.
This decision marks the largest defense industry agreement between Japan and Australia to date and represents one of Japan's most substantial defense exports.

The selection process saw Mitsubishi's proposal outshine Germany's Thyssenkrupp Marine Systems, with the Japanese bid offering superior cost-effectiveness, advanced capabilities, and timely delivery schedules. Under the agreement, the first three frigates will be constructed in Japan, with the initial vessel expected to enter service by 2030. The remaining eight ships will be built in Australia, fostering local industry participation and expertise.

These state-of-the-art frigates are designed for versatility and efficiency. They boast a range of 10,000 nautical miles and are equipped with 32 vertical launch cells capable of deploying long-range missiles. Notably, the vessels require a smaller crew compared to existing ships, addressing manpower challenges and operational costs.

This strategic partnership comes amid escalating regional tensions, particularly in the South China Sea, and underscores the deepening defense cooperation between Japan and Australia. The collaboration reflects a shared commitment to maintaining regional stability and security.

Final contract negotiations are underway, with a binding agreement anticipated by 2026. This initiative is part of Australia's broader AU$55 billion investment in naval assets over the next decade, aiming to modernize and enhance the Royal Australian Navy's operational readiness.

Published:Tuesday, 7th Oct 2025
Source: Paige Estritori

Share this news item:

Finance News

Australia’s Housing Market: Navigating the First Home Guarantee Scheme
Australia’s Housing Market: Navigating the First Home Guarantee Scheme
07 Oct 2025: Paige Estritori
The Albanese government's new First Home Guarantee scheme, effective from Wednesday, aims to assist first-time home buyers by enabling them to purchase property with just a 5% deposit. This means buyers won’t need to pay lenders’ mortgage insurance, as taxpayers will underwrite 15% of the mortgage. This initiative has generated a lot of interest among potential buyers. - read more
Australian Home Prices Reach New Heights Following Interest Rate Reductions
Australian Home Prices Reach New Heights Following Interest Rate Reductions
07 Oct 2025: Paige Estritori
In September 2025, Australia's housing market experienced a significant upswing, with national median home prices increasing by 0.8% to a record A$857,280. This marks the fastest monthly growth in a year, as reported by property consultant Cotality. The quarterly growth rate also accelerated to 2.2%, up from 1.5% in the previous quarter. - read more
ANZ Bank Faces Record A$240 Million Fine for Compliance Failures
ANZ Bank Faces Record A$240 Million Fine for Compliance Failures
07 Oct 2025: Paige Estritori
In September 2025, ANZ, one of Australia's major banks, agreed to pay a record A$240 million fine following a series of serious regulatory breaches. The Australian Securities and Investments Commission (ASIC) cited misconduct including misleading the government during a A$14 billion bond deal, neglecting to act on customer hardship notices, and failing to refund fees to deceased clients. - read more
Surge in Home Loan Refinancing as Borrowers Capitalise on Lower Interest Rates
Surge in Home Loan Refinancing as Borrowers Capitalise on Lower Interest Rates
07 Oct 2025: Paige Estritori
The Australian Bureau of Statistics (ABS) reported a notable increase in home loan refinancing during the March quarter of 2025, with 65,030 loans refinanced between lenders-a 5.1% rise compared to the preceding quarter. This surge is largely driven by shifts in the cash rate, which influence borrowers' negotiating leverage with lenders. - read more
Australia Partners with Japan's Mitsubishi for New Naval Frigates
Australia Partners with Japan's Mitsubishi for New Naval Frigates
07 Oct 2025: Paige Estritori
In a significant move to bolster its naval capabilities, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 new Mogami-class frigates. This decision marks the largest defense industry agreement between Japan and Australia to date and represents one of Japan's most substantial defense exports. - read more
Unprecedented Algal Bloom in South Australia Threatens Marine Ecosystem
Unprecedented Algal Bloom in South Australia Threatens Marine Ecosystem
07 Oct 2025: Paige Estritori
Since March 2025, South Australia's coastline has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life, the fishing industry, and tourism. The bloom, attributed to the proliferation of the microalgae Karenia mikimotoi, has led to the deaths of thousands of marine creatures and has caused health issues among beachgoers, including respiratory problems and eye irritation. - read more
Revitalizing Australia's Maritime Industry Through a National Strategic Fleet
Revitalizing Australia's Maritime Industry Through a National Strategic Fleet
07 Oct 2025: Paige Estritori
Australia's maritime industry is at a crossroads, with only nine Australian-crewed ships currently operating. In response to this decline, industry leaders and policymakers are advocating for the establishment of a National Strategic Fleet to bolster the nation's shipping capabilities and secure vital supply chains. - read more


Car Loans Articles

Navigating Credit Scores: How They Impact Your Car Loan Options in Australia
Navigating Credit Scores: How They Impact Your Car Loan Options in Australia
Welcome to the guide designed to help you navigate the intricate world of credit scores and their impact on your car loan possibilities in Australia. Whether you're a long-term resident or here for a temporary stay, understanding the nuts and bolts of credit scores is crucial in securing your ideal vehicle through a loan. This post aims to shed light on this pivotal financial metric and aid you in your car financing journey. - read more
Loans for Cars: Getting an Even Better Deal
Loans for Cars: Getting an Even Better Deal
If you're in the market for a new car, you're probably wondering what you need to do to get the best car loan. It's no secret that the car dealership will try to sell you a loan, but you don't have to take their offer! In fact, you can get a much better loan if you know what you're doing. - read more
Loans for Cars: Finding out if you Qualify
Loans for Cars: Finding out if you Qualify
Qualifying for a car loan isn't all that difficult. There are a few key things that lenders will look at when considering your application, including your income, credit history/existing loans, employment, age, and residency atatus. As long as you have a good understanding of these factors, you’ll be in a much better position to qualify for a car loan. Keep reading to learn everything you need to know about qualifying for a car loan! - read more
Loans for Cars: Finding the Best Financing Options
Loans for Cars: Finding the Best Financing Options
The cost of buying a car is a major financial commitment, so it's important to consider all of your options before making a purchase. In this article, we look at some of the pros and cons of the most common car financing options, including leasing, hire purchase and paying cash, and what difference it makes whether you are buying a new or used vehicle. - read more
Why Australian Car Buyers Should Consider Pre-Approved Car Loans
Why Australian Car Buyers Should Consider Pre-Approved Car Loans
Pre-approved car loans are financing arrangements where a lender evaluates your financial situation and determines an approved loan amount before you start shopping for a vehicle. This process provides buyers a clear understanding of their budget, which helps in making more informed decisions. - read more
Avoid Rejection: Common Pitfalls to Sidestep in Meeting Car Loan Criteria
Avoid Rejection: Common Pitfalls to Sidestep in Meeting Car Loan Criteria
Entering the realm of self-employment brings with it not only the freedom to be your own boss but also unique challenges, especially when it comes to securing financing for significant purchases like a car. For the self-employed, the path to obtaining a car loan can be fraught with additional hurdles, stemming from the variable nature of their income and the scrutiny lenders apply to their financial profiles. - read more
Five Common Mistakes First-Time Car Buyers Make and How to Avoid Them
Five Common Mistakes First-Time Car Buyers Make and How to Avoid Them
Buying your first car is an exciting milestone that can offer a sense of independence and freedom. Whether you're envisioning weekend getaways or a smoother daily commute, the joy of car ownership holds a special thrill. However, alongside this excitement, it is crucial to approach this journey with awareness and preparation to ensure you make a smart financial decision. - read more


Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Life Cover Amount:
Your Postcode:
All quotes are provided free and without obligation. We respect your privacy.
Need A Car Loan Right Now?
Compare Car Loan rates & options to secure the best finance offers from our broad network of leading Australian car finance brokers & specialist lenders. Fast, free … and without accessing or affecting your credit file!

 START HERE.

Loan Amount:
Postcode:
Your quotes are provided free & without obligation. We respect your privacy.
Compare Car Loan rates & options to secure the best finance offers from a broad selection of Australia`s leading car finance brokers & specialist lenders. Fast, free … and without accessing or affecting your credit file!

Knowledgebase
Mortgage Insurance:
Insurance that protects a lender in case a borrower defaults on their mortgage.