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Shipping giant CMA CGM open to French windfall tax, CEO says

FILE PHOTO: Containers are seen stacked up on the container ship CMA CGM Benjamin Franklin at the port of Antwerp, Belgium September 23, 2022.

Posted on September 30, 2024

PARIS – Shipping group CMA CGM is ready to contribute to any windfall tax on major companies that the new French government may adopt, CEO Rodolphe Saade told reporters on a call on Monday.

However, Saade reiterated his opposition to a change to a tonnage tax regime for shipping firms, as called for by some French politicians, as this would penalise CMA CGM compared with competitors in Asia and elsewhere in Europe.

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