CMA CGM backs down on promise to register 40 ships under the French flag amid threat of windfall tax on profits
- Posted on September 30, 2026
- By Le Monde
- 1 Views
- 1 min read
In brief
CMA CGM, one of the world's leading container shipping companies, has reversed its commitment to register 40 vessels under the French flag. This strategic reversal appears to be a negotiating tactic against potential windfall tax increases on corporate profits by the French government. With projected earnings exceeding €2.1 billion, the company faces mounting fiscal pressure, triggering leadership to reconsider domestic registry investments and leverage political influence during budget discussions.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
CMA CGM backs down on promise to register 40 ships under the French flag amid threat of windfall tax on profits
Rodolphe Saadé, head of the shipping giant, is aiming to put pressure on the French government, which may decide, as part of the national budget, to further tax the group whose profits in 2026 are expected to exceed €2.1 billion earned in 2025.
