China’s first Type 054B frigate, the Luohe, was commissioned into the People’s Liberation Army Navy (PLAN) on Wednesday. The ship class, referred to by the U.S. and NATO as the Jiangkai III class, ...
China also owns the largest number of tankers, with a fleet of 1,764 vessels and a current value amounting to $47.9bn. In second place, Japan actually saw its total fleet value increase from $206.3bn ...