Dismantling of the world’s longest serving warship, INS Viraat, will begin in Alang, three years after it was decommissioned by the Indian Navy.
The Centaur-class aircraft carrier of Indian Navy that remained in service for almost 30 years and holds the Guinness record for world’s longest serving warship will be dismantled here at one of the largest shipbreaking yards globally.
Efforts were made to convert INS Viraat into a museum and several consultations were done but the plan could not materialise as an expert committee reported that it won’t last for more than a decade.
INS Viraat was commissioned in 1959 as Royal Navy’s HMS Hermes and decommissioned in 1984 and subsequently it was sold to India and commissioned into Indian Navy on May 12, 1987.
Sina Corp, owner of social media platform Weibo, will be taken private in a $2.6 billion deal with Chief Executive Officer Charles Chao.
U.S.-listed shares of Sina rose more than 6% in premarket trading. Chao's holding company, New Wave, is the largest shareholder of Sina, with a 12.15% stake as of July 10.
Many Chinese companies are opting out of U.S. stock exchanges, following rising tensions between the world's two largest economies, by considering go-private deals or returning to equity markets closer to home.