[Nigeria power transmission line project signed] Recently, the North China Institute of Energy China China Power Engineering and the Transmission and Transformation Corporation of Nigeria (TCN) officially signed the general contract for the 330 kV transmission line from Abia State to Anambra State in Abuja. Editor/He Yuting

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• 2025.11.03 11:30
• [Iraq launches $17 billion 'Road to Development' plan]
• The "road to development" plan launched by Iraq was jointly signed by Türkiye, Qatar and the United Arab Emirates, and will invest 17 billion dollars to build a transportation corridor from Port Fao to Türkiye. The annual railway capacity of this project is expected to reach 3.5 million containers and 22 million tons of bulk cargo. After the first phase is completed in 2028, the annual revenue will be about 4 billion US dollars, which is expected to drive an annual increase of 10% to 15% in Middle East trade. The plan includes 1190km highway and double track railway, starting from Fao Port in the south and connecting with Türkiye network in the north. Fao Port is constructed by Daewoo of South Korea and is expected to become the largest container port in the Middle East after completion in 2025. At present, the project is still in the design stage, and the route planning has sparked controversy due to avoiding the Kurdish region. Financing mainly relies on the Iraqi budget, and external investment has not yet been implemented. The analysis points out that the project faces challenges such as corruption, administrative efficiency, and regional homogenization competition, but its potential to connect Asia and Europe still attracts attention. If smoothly promoted, it will become a crucial step for Iraq's economic transformation and regional connectivity. Editor/Yang Beihua

• 2025.11.03 11:27
• [Monaco shipowner Transocean places another order with Chinese shipyard]
• Monaco based shipowner Transocean Maritime Agencies recently placed an order for two new 3100TEU container ships at a Chinese shipyard, with a single vessel cost of approximately $45 million, scheduled for delivery in 2028. So far, the company's container ship orders in Chinese shipyards by 2025 have reached 4, with a total value of approximately 160 million US dollars. Previously, Transocean had ordered two 1900 TEU container ships from another Chinese shipyard, with a single ship cost ranging from 32 million to 35 million US dollars, also scheduled for delivery in 2028. This move marks the official expansion of this family owned enterprise, which mainly operates bulk carriers and oil tankers, into the container shipping industry. According to Clarkson data, under the leadership of CEO Ruth McLoughlin, Transocean currently operates 16 vessels, mainly Panamax bulk carriers, and entered the oil tanker market in 2018, currently owning 5 MR type product oil tankers. Transocean's new orders have further boosted the total construction of 3000TEU class container ships by 2025. Recently, several European shipowners have placed orders for Panamax and below container ships, including both established companies such as Capital Maritime and new entrants transitioning from bulk carriers. According to Braemar, a ship brokerage company, this trend not only reflects the demand for fleet updates, but also reflects changes in the trade pattern - ports and shipping routes that were previously unable to accommodate large ships are becoming increasingly important, and medium-sized ships are better able to adapt to challenges such as trade fluctuations, supply chain transfers, and port capacity limitations. Editor/Yang Beihua