If 2020 was the year of the one “c”, Covid, then 2021 has to be the year of the three “c’s” as in cash, capital markets and carbon — even though the pandemic remained with us.

The cash element was highlighted once again in recent days as liner operator CMA CGM unveiled plans to hand out $4.5m of bonuses to its landside and seagoing staff.

The Marseilles-based company was celebrating net profits of $5.6bn