IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.17% USD/MXN17.52▲ 0.56% USD/CLP932.98▲ 0.86% USD/COP3,264▲ 1.01% USD/PEN3.41▲ 0.68% USD/ARS1,479▲ 0.20% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.17% BRENT 87.64 ▲ 4.05% WTI 81.45 ▲ 3.17% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,021 ▲ 0.88% SILVER 56.29 ▲ 0.70% SOY 1,200 ▲ 0.40% CORN 465.50 ▲ 5.44% WHEAT 676.00 ▲ 0.19% COFFEE 320.95 ▼ 0.11% SUGAR 14.84 ▲ 2.77% ORANGE JUICE 137.65 ▲ 2.88% COTTON 78.93 ▲ 1.60% COCOA 5,582 ▲ 7.02% BEEF 221.75 ▼ 2.35% CATTLE 339.85 ▼ 1.95% LITHIUM 68.71 ▼ 0.22% PETR4 40.77 ▲ 2.21% VALE3 72.93 ▼ 0.07% ITUB4 42.11 ▼ 1.03% BBDC4 18.33 ▼ 0.43% ABEV3 15.66 ▲ 0.38% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.53 ▲ 0.09% PRIO3 57.54 ▲ 1.32% SUZB3 42.22 ▲ 1.25% RENT3 38.33 ▼ 1.36% AZZA3 18.48 ▼ 0.27% CSAN3 3.88 — 0.00% RAIZ4 0.28 ▼ 3.45% PCAR3 2.55 ▼ 1.54% GMAT3 3.87 ▼ 1.28% PSSA3 55.05 ▼ 0.31% CVCB3 1.29 ▼ 4.44% POSI3 3.84 ▼ 1.03% SLCE3 13.53 ▼ 0.59% NATU3 8.59 ▲ 0.35% BRKM5 6.14 ▲ 0.66% RANI3 8.00 ▼ 0.99% CSNA3 5.05 ▼ 0.98% CMIN3 5.28 ▼ 3.12% USIM5 8.13 ▲ 2.91% GGBR4 24.08 ▲ 0.71% ENEV3 26.03 ▲ 0.31% CPFE3 47.28 ▲ 0.19% CMIG4 11.20 ▲ 0.99% EQTL3 39.71 ▼ 0.35% LREN3 13.45 ▼ 1.47% VIVT3 35.69 ▲ 0.62% RAIL3 13.75 ▼ 1.29% KLABIN 17.56 ▲ 1.15% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.76 ▼ 0.31% HAPV3 11.36 ▲ 3.74% FLRY3 16.68 ▲ 1.58% SMTO3 15.54 ▼ 1.15% UGPA3 31.94 ▼ 0.16% VBBR3 34.66 ▲ 0.84% BBSE3 40.99 ▼ 0.46% BPAC11 56.57 ▼ 0.04% CURY3 30.93 ▼ 1.15% AERI3 2.04 ▲ 0.99% VIVARA 23.00 ▼ 1.50% COMPASS 24.88 ▼ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.44 ▼ 1.40% SBSP3 29.40 ▲ 0.34% WALMEX 49.59 ▲ 0.06% GMEXICO 199.87 ▲ 0.32% FEMSA 224.89 ▼ 0.08% CEMEX 22.66 ▼ 0.53% GFNORTE 179.75 ▼ 0.35% BIMBO 58.70 ▲ 1.35% TELEVISA 9.70 ▲ 2.00% AMX 23.15 ▲ 1.62% GAP 386.95 ▼ 1.23% ASUR 278.94 ▼ 0.71% OMA 231.14 ▼ 0.84% KOF 180.50 ▲ 0.86% GRUMA 287.22 ▲ 0.30% KIMBER 38.77 ▼ 0.03% SQM-B 64,748 ▼ 1.97% COPEC 6,177 ▲ 0.83% BSANTANDER 77.04 ▼ 1.43% FALABELLA 5,853 ▲ 0.00% ENELAM 84.04 ▼ 0.90% CENCOSUD 2,003 ▼ 0.10% CMPC 1,075 ▲ 0.10% BANCO CHILE 187.00 ▼ 1.00% LATAM AIR 24.90 ▼ 1.97% YPF 77,325 ▲ 1.64% GGAL 7,800 ▼ 0.83% PAMPA 5,180 ▲ 1.37% TXAR 661.00 ▼ 0.15% ALUAR 938.50 ▼ 0.16% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,538 ▼ 0.56% BYMA 300.50 ▼ 0.33% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 15.93 ▲ 0.82% BANCOLOMBIA 79.83 ▲ 0.45% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 389.42 ▲ 0.51% SOUTHERN COPPER 176.56 ▲ 0.51% BUENAVENTURA 30.28 ▲ 0.35% MERCADOLIBRE 1,818 ▼ 2.10% NUBANK 13.72 ▼ 0.51% XP 16.83 ▲ 0.87% PAGSEGURO 9.11 ▼ 0.49% STONE 11.10 ▼ 0.94% GLOBANT 32.58 ▲ 1.18% TECNOGLASS 45.83 ▼ 2.15% GAP AIRPORT 220.70 ▼ 2.03% ASUR 278.94 ▼ 0.71% OMA AIRPORT 105.63 ▼ 1.47% AMX ADR 26.34 ▲ 0.77% FEMSA ADR 128.40 ▼ 0.85% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.84 ▲ 2.09% VALE ADR 14.24 ▲ 0.11% ITAU ADR 8.22 ▼ 0.96% SANTANDER BR 5.26 ▼ 0.66% AMBEV ADR 3.04 ▼ 0.49% CSN 1.00 ▼ 0.23% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.34 ▲ 0.30% BTC 63,953 ▲ 0.26% ETH 1,849 ▼ 0.76% SOL 75.43 ▲ 0.21% XRP 1.09 ▲ 0.65% BNB 566.53 ▼ 0.99% ADA 0.17 ▲ 3.75% DOGE 0.07 ▲ 0.62% AVAX 6.60 ▲ 1.44% LINK 8.26 ▼ 0.82% DOT 0.86 ▲ 0.49% LTC 45.00 ▲ 0.13% BCH 218.85 ▼ 1.25% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.41% HBAR 0.07 ▼ 0.30% NEAR 1.93 ▼ 1.76% ATOM 1.52 ▲ 1.08% AAVE 91.46 ▲ 0.36% SELIC 14.25% EMBRAER 82.65 ▲ 1.08% EMBRAER ADR 64.74 ▲ 0.57% JBS 11.83 ▼ 1.66% JBS BDR 60.39 ▼ 1.80% MBRF3 15.18 ▼ 0.72% MBRFY 3.00 ▲ 2.39% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR16.52▲ 0.56% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.44▲ 0.03% USD/CNY6.77▼ 0.12% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.61% SPX 7,489 ▼ 0.59% DJI 52,365 ▼ 0.36% NDX 28,797 ▼ 0.79% RUT 2,964 ▼ 0.37% TSX 35,271 ▼ 0.20% VIX 18.06 ▲ 7.95% USD/CAD1.40▼ 0.21% US10Y 4.5450 ▼ 0.53% IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.17% USD/MXN 17.52 ▲ 0.56% USD/CLP 932.98 ▲ 0.86% USD/COP 3,264 ▲ 1.01% USD/PEN 3.41 ▲ 0.68% USD/ARS 1,479 ▲ 0.20% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.17% BRENT 87.64 ▲ 4.05% WTI 81.45 ▲ 3.17% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,021 ▲ 0.88% SILVER 56.29 ▲ 0.70% SOY 1,200 ▲ 0.40% CORN 465.50 ▲ 5.44% WHEAT 676.00 ▲ 0.19% COFFEE 320.95 ▼ 0.11% SUGAR 14.84 ▲ 2.77% ORANGE JUICE 137.65 ▲ 2.88% COTTON 78.93 ▲ 1.60% COCOA 5,582 ▲ 7.02% BEEF 221.75 ▼ 2.35% CATTLE 339.85 ▼ 1.95% LITHIUM 68.71 ▼ 0.22% PETR4 40.77 ▲ 2.21% VALE3 72.93 ▼ 0.07% ITUB4 42.11 ▼ 1.03% BBDC4 18.33 ▼ 0.43% ABEV3 15.66 ▲ 0.38% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.53 ▲ 0.09% PRIO3 57.54 ▲ 1.32% SUZB3 42.22 ▲ 1.25% RENT3 38.33 ▼ 1.36% AZZA3 18.48 ▼ 0.27% CSAN3 3.88 — 0.00% RAIZ4 0.28 ▼ 3.45% PCAR3 2.55 ▼ 1.54% GMAT3 3.87 ▼ 1.28% PSSA3 55.05 ▼ 0.31% CVCB3 1.29 ▼ 4.44% POSI3 3.84 ▼ 1.03% SLCE3 13.53 ▼ 0.59% NATU3 8.59 ▲ 0.35% BRKM5 6.14 ▲ 0.66% RANI3 8.00 ▼ 0.99% CSNA3 5.05 ▼ 0.98% CMIN3 5.28 ▼ 3.12% USIM5 8.13 ▲ 2.91% GGBR4 24.08 ▲ 0.71% ENEV3 26.03 ▲ 0.31% CPFE3 47.28 ▲ 0.19% CMIG4 11.20 ▲ 0.99% EQTL3 39.71 ▼ 0.35% LREN3 13.45 ▼ 1.47% VIVT3 35.69 ▲ 0.62% RAIL3 13.75 ▼ 1.29% KLABIN 17.56 ▲ 1.15% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.76 ▼ 0.31% HAPV3 11.36 ▲ 3.74% FLRY3 16.68 ▲ 1.58% SMTO3 15.54 ▼ 1.15% UGPA3 31.94 ▼ 0.16% VBBR3 34.66 ▲ 0.84% BBSE3 40.99 ▼ 0.46% BPAC11 56.57 ▼ 0.04% CURY3 30.93 ▼ 1.15% AERI3 2.04 ▲ 0.99% VIVARA 23.00 ▼ 1.50% COMPASS 24.88 ▼ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.80 ▼ 0.11% ASAI3 8.44 ▼ 1.40% SBSP3 29.40 ▲ 0.34% WALMEX 49.59 ▲ 0.06% GMEXICO 199.87 ▲ 0.32% FEMSA 224.89 ▼ 0.08% CEMEX 22.66 ▼ 0.53% GFNORTE 179.75 ▼ 0.35% BIMBO 58.70 ▲ 1.35% TELEVISA 9.70 ▲ 2.00% AMX 23.15 ▲ 1.62% GAP 386.95 ▼ 1.23% ASUR 278.94 ▼ 0.71% OMA 231.14 ▼ 0.84% KOF 180.50 ▲ 0.86% GRUMA 287.22 ▲ 0.30% KIMBER 38.77 ▼ 0.03% SQM-B 64,748 ▼ 1.97% COPEC 6,177 ▲ 0.83% BSANTANDER 77.04 ▼ 1.43% FALABELLA 5,853 ▲ 0.00% ENELAM 84.04 ▼ 0.90% CENCOSUD 2,003 ▼ 0.10% CMPC 1,075 ▲ 0.10% BANCO CHILE 187.00 ▼ 1.00% LATAM AIR 24.90 ▼ 1.97% YPF 77,325 ▲ 1.64% GGAL 7,800 ▼ 0.83% PAMPA 5,180 ▲ 1.37% TXAR 661.00 ▼ 0.15% ALUAR 938.50 ▼ 0.16% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,538 ▼ 0.56% BYMA 300.50 ▼ 0.33% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 15.93 ▲ 0.82% BANCOLOMBIA 79.83 ▲ 0.45% GRUPO AVAL 4.95 ▼ 0.40% CREDICORP 389.42 ▲ 0.51% SOUTHERN COPPER 176.56 ▲ 0.51% BUENAVENTURA 30.28 ▲ 0.35% MERCADOLIBRE 1,818 ▼ 2.10% NUBANK 13.72 ▼ 0.51% XP 16.83 ▲ 0.87% PAGSEGURO 9.11 ▼ 0.49% STONE 11.10 ▼ 0.94% GLOBANT 32.58 ▲ 1.18% TECNOGLASS 45.83 ▼ 2.15% GAP AIRPORT 220.70 ▼ 2.03% ASUR 278.94 ▼ 0.71% OMA AIRPORT 105.63 ▼ 1.47% AMX ADR 26.34 ▲ 0.77% FEMSA ADR 128.40 ▼ 0.85% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.84 ▲ 2.09% VALE ADR 14.24 ▲ 0.11% ITAU ADR 8.22 ▼ 0.96% SANTANDER BR 5.26 ▼ 0.66% AMBEV ADR 3.04 ▼ 0.49% CSN 1.00 ▼ 0.23% GERDAU 4.74 ▲ 0.32% LATAM ADR 53.34 ▲ 0.30% BTC 63,953 ▲ 0.26% ETH 1,849 ▼ 0.76% SOL 75.43 ▲ 0.21% XRP 1.09 ▲ 0.65% BNB 566.53 ▼ 0.99% ADA 0.17 ▲ 3.75% DOGE 0.07 ▲ 0.62% AVAX 6.60 ▲ 1.44% LINK 8.26 ▼ 0.82% DOT 0.86 ▲ 0.49% LTC 45.00 ▲ 0.13% BCH 218.85 ▼ 1.25% TRX 0.32 — 0.00% XLM 0.19 ▲ 1.41% HBAR 0.07 ▼ 0.30% NEAR 1.93 ▼ 1.76% ATOM 1.52 ▲ 1.08% AAVE 91.46 ▲ 0.36% SELIC 14.25% EMBRAER 82.65 ▲ 1.08% EMBRAER ADR 64.74 ▲ 0.57% JBS 11.83 ▼ 1.66% JBS BDR 60.39 ▼ 1.80% MBRF3 15.18 ▼ 0.72% MBRFY 3.00 ▲ 2.39% INTER 5.37 ▼ 3.07% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.87% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.41 ▲ 0.04% USD/CNY 6.7652 ▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1442 ▼ 0.02% GBP/USD 1.3457 ▼ 0.17% SPX 7,489 ▼ 0.59% DJI 52,365 ▼ 0.36% NDX 28,797 ▼ 0.79% RUT 2,964 ▼ 0.37% TSX 35,271 ▼ 0.20% VIX 18.06 ▲ 7.95% USD/CAD 1.4009 ▼ 0.21% US10Y 4.5450 ▼ 0.53%
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Friday, July 17, 2026

Australia Announces Historic Naval Expansion

By · February 20, 2024 · 2 min read

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Australia is planning its most significant naval upgrade since World War II, investing an additional $7.2 billion (AU$11.1 billion) in what marks a major expansion of its fleet.

Defense Minister Richard Marles announced the initiative to modernize the fleet over the next decade, boosting warship numbers from 11 to 26.

The plan involves over AU$54 billion ($35 billion), adding six Hunter-class frigates, 11 general-purpose frigates, three air warfare destroyers, and six LOSVs.

These vessels, some armed with Tomahawk missiles, will enhance strategic capabilities.

Aligning with the AUKUS pact, this upgrade counters regional tensions and strengthens Australia’s defense posture.

The first new frigates, possibly from Germany, South Korea, Japan, or Spain, aim for a decade-end operational start.

Australia Announces Historic Naval Expansion. (Photo Internet reproduction)
Australia Announces Historic Naval Expansion. (Photo Internet reproduction)
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Most will be built in Western Australia, with the Hunter-class frigate project in South Australia continuing, albeit reduced to six ships.

The strategy also upgrades existing Hobart-class destroyers with missiles and maintains six Anzac-class frigates, retiring two immediately.

This expansion, generating 3,700 jobs, underscores Australia’s commitment to its shipbuilding industry and defense capabilities, aiming for a robust naval presence by the mid-2030s.

Background

This strategy reflects Australia’s historical reliance on a strong maritime defense, vital for an island nation.

Throughout history, Australia’s navy has played a crucial role in its security and international engagements.

By expanding its fleet, Australia acknowledges the evolving nature of maritime threats. The investment in modern warships and advanced technology signifies a shift towards future warfare capabilities.

The emphasis on domestic shipbuilding not only boosts the economy but also ensures national self-sufficiency in defense.

This move comes at a time when global power dynamics are increasingly fluid, necessitating a versatile and powerful navy.

The AUKUS pact further illustrates Australia’s strategic pivot towards greater cooperation with key allies.

Ultimately, this comprehensive naval upgrade is a proactive measure to safeguard Australia’s interests and maintain peace in the Indo-Pacific region.

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