A team from the US non-profit Ocean Exploration Trust discovered the Imperial Japanese Navy destroyer Teruzuki at a depth of more than 800 metres (2,625 feet) off the small island nation northeast of Australia.
A video image of the wreck shows parts of the 134-metre (440-foot) Teruzuki, which was torpedoed by the US military in 1942, illuminated by lights from the research team's underwater drones.
The footage shows red paint on the hull, corroded gun barrels and the warship's massive stern.
Commissioned in 1942, the Teruzuki was designed for screening aircraft carriers from aerial attacks, the exploration group said.
However, the Teruzuki, which means "Shining Moon" in Japanese, was hit by US torpedoes just months into its service.
Nine sailors were killed but most of the crew members survived, the Ocean Exploration Trust said.
Teruzuki's stern was found more than 200 metres (660 feet) from the hull and was located by high-resolution sonar scans, it said.
The discovery was made while the team used drones to survey the area in the hope of finding unidentified shipwrecks or other items.
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