CMA CGM yields to political pressure and provides additional discount to customers

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CMA CGM owner and CEO Rodolphe Saadé is being investigated by French tax authorities.

French container line CMA CGM, which is currently under heavy political pressure, most recently from proposals of an extra tax for so-called ”superprofits,” now offers additional discount on the high freight rates. Overall, the discounts are equivalent to a 25% reduction.

CMA CGM yields to political pressure and provides additional discount to customers
During Wednesday’s Senate hearing, Saade stressed that further taxation of the company will make it less competitive against foreign competitors. | Photo: PR / CMA CGM