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As U.S. and European defense budgets experience nervous breakdowns, the Asian market for new naval and coast guard ships to protect fisheries, commerce and littoral claims sees no slowdown.

No more evidence is needed than the International Maritime Defence Exhibition (2013 IMDEX Asia) in May in Singapore. According to Jimmy Lau, managing director of Experia Events, this year’s expedition space for IMDEX is already 80 percent booked.

“We will be welcoming new exhibitors, including Fincantieri, Luerssen, Scania, Schiebel and Westport Shipyard, alongside returning top companies, such as DCNS, Lockheed Martin and ST Engineering,” he said.

This year’s IMDEX also will see an increased...

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