Hapag-Lloyd recently announced that it has opened a new office in Ukraine.

The country is located on the northern shores of the Black Sea and the Sea of Azov, which the shipping line said is the second largest European country by area covering a strategic geographic position between the European Union and Russia.

"Various mineral resources and the world's largest agricultural production make Ukraine an attractive export market for Hapag-Lloyd," the German shipping company said, adding that Ukraine is also an important import country for electronics, machinery and consumer goods.

Hapag-Lloyd said Ukraine is also home to operations of some of the world's biggest multinational companies, which creates lots of opportunities to ocean carriers like Hapag-Lloyd.

"With the opening of our new office in the country, we pay tribute to the excellent business development and the enormous chances we see in this market," said Juan Pablo Richards, senior managing director region South Europe of Hapag-Lloyd.

The new office will be located in the Ukrainian capital Odessa.