South Korea is on track to win back a 20 per cent share of the world's shipbuilding orders this year. This recovery comes as global demand for new ships declines and the United States takes steps to slow China's maritime power.
Hong Kong, January 3 (ANI): Last year was a phenomenal one for China's navy - the People's Liberation Army Navy (PLAN) - with approximately 170,000 tonnes' worth of new ships commissioned in 2021.