New ship orders for Chinese shipyards plunged 68 per cent year-on-year to 26.3 million deadweight tonnes (dwt) in the first six months of 2025, marking one of the steepest declines in recent years
China launched a new amphibious assault ship Friday, capable of launching fighter jets and designed to strengthen the navy's combat ability in distant seas. The Sichuan, the first ship of the 076 type, is China's largest such ship yet, displacing 40,000 tons and equipped with an electromagnetic catapult which will allow fighter jets to launch directly off its deck, according to the official Xinhua news agency. The ship is designed to launch ground troops in landing crafts and provide them with air support. Developed by Chinese researchers, it's also equipped with an arrestor technology which allows fighter jets to land on its deck. China's first amphibious assault ships, the type 075, launched in 2019. China's People's Liberation Army Navy, or PLAN, has been working on modernizing its forces for more than a decade, with the aim of being able to operate globally rather than being restricted to waters near the Chinese mainland. China first managed to launch fighter jets with the new
The Adani Group's undisclosed shipbuilding initiative is embedded within Mundra Port's Rs 45,000 crore expansion plan, recently cleared by environmental authorities
The giant resulting from the merger will have more than twice the combined annual revenue of South Korea's Hyundai Heavy Industries