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With all this talk of how a Hapag-Lloyd-Hamburg Sud merger would result in the creation of the world’s fourth largest container shipping line, far less has been said about the effect of such a deal on Hamburg itself.

It is hard to think of any other city in the world – Singapore and Panama perhaps, Rotterdam and Bremen at a push – in which shipping plays such a central role. One estimate suggests that some 300,000 jobs are directly connected to ...

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