Hapag-Lloyd has initiated inquiries with South Korean and Chinese shipyards for 30 container ships.(Photo provided by Hapag-Lloyd) Hapag-Lloyd, the world’s fifth-largest shipping company by fleet capacity, has announced plans to order large container ships worth 7 trillion won (approximately $5.1 billion), igniting fierce competition between South Korea and China, the dominant players in the global … Continue reading South Korea and China Battle for Hapag-Lloyd’s $5.4 Billion Container Ship Contract