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Financial Times — World — Container Shipping — Finance — Investment — Taxation

World’s biggest container groups defend bumper dividends

Maersk and Hapag-Lloyd plan to pay shareholders $22.6bn, despite falling profits and low tax rates. Critics argue that the industry enjoys low tax rates.

1 min read
  • Maersk and Hapag-Lloyd plan to pay shareholders $22.6bn, over 33 times the amount delivered in 2019.
  • Although profits are expected to fall sharply this year, they have risen due to surging demand for online shopping during the pandemic.
  • Critics argue that the industry enjoys low tax rates.
  • Hapag-Lloyd's tax payments were equivalent to just 1% of its pre-tax profits in 2022.
  • Shipping companies were exempted from an agreement on a global minimum 15% corporate tax.
World’s biggest container groups defend bumper dividends
Maersk and Hapag-Lloyd deliver big payouts to investors despite threat of falling profits
Financial TimesGeorge Steer

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