Satellite photos show China''s progress on the new aircraft carrier expected to give its naval power a boost Summary List Placement A new satellite photo shows China making "substantial progress" on its newest aircraft carrier, according to a new analysis. Photos of the new carrier, under construction at Jiangnan Shipyard in Shanghai, have been leaking out online over the past several weeks, some images clearer than others. This week, the Center for Strategic and International Studies, a Washington, DC think tank, released an analysis of the carrier''s development with high-resolution satellite photos of the new carrier from Maxar Technologies. The Chinese navy has two aircraft carriers the Liaoning and Shandong. The first ship was built from the refitted hull of an older Soviet vessel, and the other is a Chinese-built copy of the first, with some improvements. The third carrier, a still unnamed ship known as Type 003, is expected to "significantly upgrade China''s naval capabilities," CSIS senior fellows Matthew Funaiole and James Bermudez Jr. and associate fellow Brian Hart wrote Tuesday in their satellite imagery analysis . "When the Type 003 eventually enters service, it will be a formidable addition to China''s navy and allow it to more effectively project power," they wrote.