As more and more MPs, even majorities, rally around the idea of creating taxes for companies that have made record profits during the pandemic, Rodolphe Saade, who heads CMA CGM, the world’s third-largest shipowner, explains that: Maritime transport has a very minimal share in inflation.
LE FIGARO. – Does the war in Ukraine have a direct impact on world trade?
Rodolphe SAADE. – It is the accumulation of crises that affects world trade. We had an epidemic, then a war in Ukraine. Today, we see consumers everywhere buying fewer products than they did a few months ago due to inflation. As a result, world trade starts to slow down a bit, which leads to lower freight rates; Prices between Shanghai and Le Havre have fallen by around 40% in recent weeks. We went from $14,000 a container at the height of the pandemic to $10,000…
Source: Le Figaro
