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Carriers ought to spend their profits more carefully

It was with some relief that I received a press release from Germany’s Hapag-Lloyd last week, which outlined how it would spend hundreds of millions of euros of its bumper profits on retrofitting its existing fleet to slash its carbon footprint. New propellers and bows, and a slosh of anti-fouling paint - some 150 existing ships are set to emit a whole lot less emissions.

Finally here was a concrete example of some well thought out, well communicated spending of record profits by a global li...

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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