CMA CGM backs down on promise to register 40 ships under the French flag amid threat of windfall tax on profits

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.