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New massive profits could bring container carriers into political tax storm

While high inflation and expensive energy are undermining the economy for consumers and companies in Europe, container liners are sailing towards new record profits this year. The crisis may lead to political claims regarding special taxation of shipping, according to expert.

Photo: PR / CMA CGM

For the second year in a row, container carriers are heading towards record profits, but in contrast to last year, the historic profits could this time hit the sector like a boomerang, says a shipping expert to ShippingWatch.

While carriers’ massive earnings are basically tax free, the rest of society is suffering from high inflation, energy crisis, and a looming recession.

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