Skip to Content Facebook Feature Image

China starts building world’s largest electric transport ship

China

China

China

China starts building world’s largest electric transport ship

2025-01-01 13:08 Last Updated At:13:37

The construction of the world's largest ten-thousand-tonne-class electric transport ship has started in Yichang, central China’s Hubei Province, the China Three Gorges Corporation (CTG) said on Monday.

The ship, 129.9 meters in length, 22 meters in width and 7.7 meters in depth, has a design draft depth, the distance between the water's surface and the lowest point of the boat underwater, of 6.5 meters and can carry a maximum weight of 13,740 tons.

The ship will be equipped with 12 containerized lithium batteries, with total power output of 24,000 kWh. Looking like containers, the batteries can power the ship while meeting the daily electricity needs on board. Containerized batteries can be swapped out rapidly, which ensures quicker energy replenishment. With a range of up to 500 kilometers, the batteries can provide stable and reliable support for long-distance cargo transport.

The ship will be the first large vessel on inland waterways to use an autonomous navigation and control system, greatly improving the safety and efficiency of its voyage

Upon completion, the ship can save about 617.5 tons of fuel per year.

China starts building world’s largest electric transport ship

China starts building world’s largest electric transport ship

Next Article

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

2025-02-09 17:03 Last Updated At:17:37

India's central bank, the Reserve Bank of India (RBI), on Friday announced a reduction in repo rate by 25 basis points to 6.25 percent.

The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.

The move has been undertaken to boost the economy.

RBI Monetary Policy Committee (MPC) last reduced the repo rate in May 2020 and kept it unchanged in the last 11 policy meetings.

After assessing the current and evolving macroeconomic situation, the MPC unanimously decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.25 percent with immediate effect, said a statement issued by the RBI.

Consequently, the standing deposit facility rate shall stand adjusted to 6.00 percent and the marginal standing facility rate and the Bank Rate to 6.50 percent. The MPC also decided to continue with the neutral monetary policy stance and remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 percent within a band of plus and minus 2 percent, while supporting growth.

According to the National Statistical Office (NSO), India's GDP is estimated to grow at 6.4 percent for the financial year 2024-25, compared to the initially-projected 7.2 percent in October last year.

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

Recommended Articles