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...