The construction of China’s first privately funded oceangoing research vessel has officially begun in Wenling, Zhejiang.
Fishermen from various towns in the region raised around 130 million yuan ($18 million) to finance the 3,500-ton vessel, which will be used for deep-sea scientific research, offshore energy operations, and seabed exploration.
This vessel, designed for global unlimited navigation, is the first privately owned ocean research ship in China. It...