[Freyr plans to build €1.6 billion gigafactory near the Arctic Circle]Norwegian battery maker Freyr plans to build a €1.6 billion Arctic Gigafactory with the help of €400 million in guarantees and loans from Norway's export credit agency Eksfin. Freyr expects the plant to be one of the largest and most efficient in Europe, with 50% lower capital expenditure per GWh of capacity and more than 200% higher output per employee than conventional lithium-ion plants. Editor/Xing Wentao
In May 2026, China Harbour won the bid for the dredging phase I project of Aktau Port in Kazakhstan. The port is a core hub of the Trans Caspian International Transport Corridor, and the project will dredge the harbor basin to ensure the passage of large ships.Editor/Gao Xue
On May 6, 2026, COSCO Shipping announced the opening of a regular direct route to Libya in Benghazi, with a frequency of once every two weeks. It only takes 25 days from Guangzhou to Benghazi to transport Chinese engineering machinery and other goods.Editor/Gao Xue