• Home
  • Publications & Software
  • Contact us
  • Privacy policy

Financial News Hub

Investing, trading, stocks and Forex news & updates

  • Financial News
  • Forex News
  • Daily Forex Signals
  • Forex Research & Tech. Analysis
  • Stocks
  • Equities & futures
  • Funds
  • Commodities & Energy markets
  • Investment
  • Business News
  • MacroEconomics
  • Taxes & Money
  • Bitcoin
> Home / Business / Take a look at China’s biggest destroyer, a $920 million cruiser that’s said to be the second-most powerful in the world after the USS Zumwalt
abs_728z90_red

Take a look at China’s biggest destroyer, a $920 million cruiser that’s said to be the second-most powerful in the world after the USS Zumwalt

June 22, 2022 by

The Type 055 and the USS Zumwalt.
The Type 055 and the USS Zumwalt.

Sun Zifa/China News Service/U.S. Navy/General Dynamics Bath Iron Works/Getty Images

  • China has the biggest navy in the world in terms of number of vessels.
  • The Type 055 is the biggest destroyer class in China's People's Liberation Army Navy.
  • Chinese media has touted the Type 055 as the second-most powerful in the world after the USS Zumwalt.
China currently has the world's largest navy in terms of total number of vessels. The Type 055 is the biggest destroyer class in China's People's Liberation Army Navy.

The Nanchang (101) destroyer.
The Nanchang (101) destroyer.

Sun Zifa/China News Service/Getty Images

China's navy has 355 vessels, outnumbering the US navy's 297 vessels.

China State Shipbuilding Corp began building its biggest vessel — the Type 055 — in 2014. The Type 055 destroyers have been in service since 2020.

The class of destroyers is also known as the Renhai-class cruiser. As a multi-role warship, it is equipped with weapons to counter missiles, ships, and submarines, according to the South China Morning Post.

Today, there are six of them in service, though the Chinese navy has said that it plans to expand the class to a fleet of 16 ships.

Several military experts told the Global Times, a state media outlet, that the destroyer's role is to deter foreign intervention in case China conducts a military attack on Taiwan.

Chinese media has touted the ship as the second-most powerful destroyer in the world after the USS Zumwalt.

China's type 055 guided-missile destroyer Nanchang sails during the naval exercise Joint Sea-2021 on October 19, 2021 in the Western part of the Pacific Ocean.
China's type 055 guided-missile destroyer Nanchang sails during the naval exercise Joint Sea-2021 on October 19, 2021 in the Western part of the Pacific Ocean.

Sun Zifa/China News Service/Getty Images

The Zumwalt is the largest destroyer in the world, with a displacement of 15,907 tons. The Type 055 is slightly lighter at 12,000-13,000 tons.

Unlike the American-made USS Zumwalt, which is focused on land attacks, the Type 055 is an amphibious assault ship, according to the SCMP.

And while the Zumwalt has since been called a "failed ship concept," after being plagued with equipment issues, the Type 055 has been hailed "the world's most powerful destroyer" by several military publications.

The Type 055 is the first destroyer in the world to test railgun technologies at sea, according to Military Watch Magazine.

There are six ships in the Type 055 class.

Nanchang (101) destroyer in April 2019.
Nanchang (101) destroyer in April 2019.

Mark Schiefelbein/Pool/AFP/Getty Images

The first-ever ship in the class, the Nanchang (pennant number 101), was launched in June 2017 and commissioned in January 2020. Five more have since been deployed in active service: the Lhasa (102), Anshan (104), Wuxi (107), and Dalian (105), Yan'an (106), according to geopolitical publication Special Eurasia.

The ships are part of China's Northern Theatre Command, which encompasses Mongolia, Russian Siberia, and Korea; and the Southern Theatre Command, which encompasses the South China Sea and Southeast Asia, per Special Eurasia.

The massive ships are powered by six turbine generators, per The Diplomat.

The first Type 055, Nanchang (101) guided-missile destroyer.
The first Type 055, Nanchang (101) guided-missile destroyer.

Xinhua/Li Tang/Getty Images

The ships use four gas turbines that generate a total of 150,000 horsepower. They have a cruising speed of 30 knots (56 kilometers per hour). The ships can accommodate over 300 crew on board.

Lhasa, the second ship in the class, was seen sailing as far as the Sea of Japan in June, according to Global Times.

The ships cost 6 billion Chinese yuan ($920 million) per unit, according to Military Watch Magazine, making it far less expensive than the USS Zumwalt.

Sailors stand on the deck of the new type 055 guide missile destroyer Nanchang of the Chinese People's Liberation Army (PLA) Navy in April 2019.
Sailors stand on the deck of the new type 055 guide missile destroyer Nanchang of the Chinese People's Liberation Army (PLA) Navy in April 2019.

Mark Schiefelbein/Pool/AFP/Getty Images

One Zumwalt unit costs the US Navy $7 billion, according to Foreign Policy.

While the Type 055 is less expensive than its American counterpart, it costs more than other notable Chinese vessels. According to the SCMP, the Chinese Navy's Type 054D, which was once its prized class of warships, cost half of the Type 055. The Type 055 represents a "major qualitative leap" for China in terms of developing top-notch surface combatants, according to a 2020 report by the US Naval War College.

Unlike the Zumwalt destroyers, the Type 055 has advanced stealth capabilities, according to Military Watch Magazine.

The new type 055 guide missile destroyer Nanchang of the Chinese People's Liberation Army (PLA) Navy in April 2019.
The new type 055 guide missile destroyer Nanchang of the Chinese People's Liberation Army (PLA) Navy in April 2019.

Mark Schiefelbein/Pool/AFP/Getty Images

The Type 055 has dual band radar systems, the Type 346B Dragon Eye, that the US Navy had "failed to integrate" onto the Zumwalts, per the publication.

In addition to advanced radars, the Type 055 also has torpedoes, and it can carry two helicopters: the Harbin Z-9 and the Changhe Z-18.

Read the original article on Business Insider

SOURCE: Business Insider – Read entire story here.

Related posts:

World Health Organization Finally Admits COVID Lab-Leak Theory Is A Possibility Once all powerful, Pimco is a fast fading superstar Instagram 101: The Biggest Myths Behind Using Reels to Grow Your Audience

 

 

Bitcoin Wealth Alliance

Bitcoin news

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

June 27, 2022 by

?Bitcoin Mining Moratorium | This Week in Crypto – Jun 6, 2022

June 27, 2022 by Robert McCracken

Bitcoin miners sell their holdings amid crypto winter’s chill

June 27, 2022 by

  • First In History: Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’s Low
  • Mentor Monday, June 27, 2022: Ask all your bitcoin questions!
  • Bitcoin Songsheet: The Fiat Reality Of Real Estate
  • Few Signs of Upward Momentum as Bitcoin Holds $20K
  • ?Goodbye to Crypto Fees?

Bitcoin Exchange Chart

Coin
BTC
BTC
Exchange
BTC-E
BTC-EBitStamp
Period
24h 7d 30d
Currency
$
  • Buy $0.00
  • Sell $0.00
  • High $0.00
  • Low $0.00
  • Volume 0 BTC
Period
24h 7d 30d
Currency
$
  • Buy $0.00
  • Sell $0.00
  • High $0.00
  • Low $0.00
  • Volume 0 BTC
Exchange
BTC-E
BTC-E
Period
24h 7d 30d
Currency
$
  • Buy $0.00
  • Sell $0.00
  • High $0.00
  • Low $0.00
  • Volume 0 LTC
Last updated: 5 minutes ago

Daily Forex Signals

Midday Forex Prediction For June 27, 2022

June 27, 2022 by GainScope

British Pound Outlook: GBP/USD in Consolidation Mode, Potential Breakout Eyed

June 27, 2022 by Diego Colman

Forex for June 27, 2022. Prediction and Analysis

June 27, 2022 by GainScope

  • How Central Banks Impact the Forex Market
  • Bitcoin (BTC/USD) Latest – Mini Bull Rallies in a Bigger Bear Market
  • AUDUSD, Expecting Bearish Movement
  • DAX, DOW and FTSE Mixed as Global Growth Signals Slowdown
  • EURUSD, Expecting Bullish Retracement

World Markets Watch

Market Data by TradingView

Forex Research & Tech. Analysis

Another good finish to the week

June 27, 2022 by

Neptune Ingress How will It Impact Bank Nifty, Weekly Forecast

June 27, 2022 by Bramesh

Oil softens, gold steadies

June 27, 2022 by Ed Moya

  • Statutory Rate
  • Morning Post 06/27/2022 SPX
  • Gold Price Forecast: XAU/USD bulls eye $1,840s for sessions ahead on US dollar weakness
  • Yen in calm waters ahead of inflation
  • Crude Oil Price Forecast: Was That a Failed Bearish Breakout?

Live currencies

Live Exchange Rates

Macro Economics

Why has UK real wage growth been so low?

June 27, 2022 by

Start it at minute 33:00 for a symposium preview.

June 27, 2022 by

Is Putin waiting for Trump?

June 27, 2022 by Eric Kramer

  • Energy Prices in the UK and France: nationalisation or regulation, and Sunak's spring statement
  • Start it at minute 33:00 for fun and excitement….
  • Back in My Old Home State of Michigan
  • Pretending the pandemic is over has been the disaster most experts said it would be
  • The action starts at minute 13:00….a preview with me and John Seater.





Stocks Markets

Bill Ackman on the Importance of a Long-Term Investing Strategy

June 27, 2022 by

Binomo Login

June 27, 2022 by admin

‘Cedar Cove’ Star Andie MacDowell Joins Cast of New Hallmark Channel Series

June 27, 2022 by Megan Elliott

  • Scenes of Horror as Putin Hits Mall With ‘1,000 People’ Inside
  • Monday Market Momentum – S&P 4,000 or Bust this Week!
  • Kulicke & Soffa Industries: A Risky Pick That Could Pay Off
  • Cara Bermain Olymp Trade Untuk Pemula
  • ‘Big Brother’ Season 24 Ends in September 2022
  • A Stanford grad spent $68,000 building an off-the-grid tiny house in the Malaysian jungle. Take a look at how she did it.

Equities

Nigeria Trivia

June 27, 2022 by Amit Arora

Africa in Pics and Prose

June 27, 2022 by Amit Arora

Africa in Infographics – Part Two

June 26, 2022 by Amit Arora

  • OHLC Charts vs. Candlestick Charts: Which Is Better?
  • Africa Investing insights & enlightenment
  • Turner’s Take Podcast | Grain and Oilseed Selling Pressure Mounts
  • Turner’s Take Ag Markets Podcast | Interest Rate Hikes, Recession Fears, and Summer Weather
  • Bangladesh in 2014

Business News

Elon Musk Fuels Record C.E.O. Paydays

June 27, 2022 by

The Four Steps to Creating Lasting Change in Any Area of Your Life

June 27, 2022 by Daniel Mangena

TikTok Says Small Businesses are Flocking to the Site

June 27, 2022 by Gabrielle Pickard-Whitehead

  • Supreme Court sides with high school football coach who lost his job for praying after games – CBS News
  • A flash drive containing personal and financial details of a city’s half-million residents has been found after a worker in Japan lost it amid a night…
  • In Southeast Asia, Luxury Hotel Bargains Aren’t Hard to Find
  • How To Find A Steel Stock That Is A Real Steal
  • 9 Questions You Can Ask to Gauge the Trustworthiness of Potential Hires

Trends

all posts articles bank nifty banking bitcoin bitcoin.com brk.a,brk.b broker review business central banks cointelegraph company news credit cards crypto culture Daily decrypt entrepreneurs Euro finance general inflation investing lenders links mainstream market - general Markets metals money music musk, elon newsfeed nifty50 opinion panduan Politics premium psychology r/bitcoin repost roundup special report spy,dji,qqq stocks trade ideas tradingview tv shows us economics video

 

  • Facebook
  • Google+
  • RSS
  • Twitter
  • YouTube

Copyright for all syndicated content belongs to the linked sources.