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KTFA
Clare » March 21st, 2025
Video: Iraq’s $17bn Trade Corridor to Bypass the Suez Canal
21st March 2025 in Construction & Engineering In Iraq,
By John Lee.
The Wall Street Journal has produced a video documenting Iraq’s proposed 740-mile trade route between Asia and Europe – the Development Road.
Click here to view.
(Source: WSJ) LINK
New shipping line: Umm Qasr receives first mega-ship from South Korea
3/20/2025
On Wednesday, Farhan Al-Fartousi, Director of Iraq’s Ports, announced the inauguration of a new maritime line with the arrival of a South Korean giant vessel at Umm Qasr Port.
In a statement to Shafaq News, Al-Fartousi described the launch of the new line as “an important historical step,” noting that this journey is the first of its kind.
The first giant container ship of the South Korean company HMM arrived at Umm Qasr Ports, marking the beginning of a new era of trade cooperation between Iraq and South Korea.
“The ship is 366 meters long, with a maximum capacity of 16,000 containers, although it arrived with a lower load,” Al-Fartousi added.
He emphasized that Iraq is working to strengthen cooperation with leading countries in maritime transport to “achieve the best economic benefits.”
Al-Fartousi also anticipated a greater flow of goods and commodities through Iraq’s ports in the future, “which will contribute to boosting trade activity and fostering national economic growth in Iraq.” LINK
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Source: Dinar Recaps
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