International > Shipping > Largest shipping companies avoid taxes that could raise billions for climate -report

Largest shipping companies avoid taxes that could raise billions for climate -report

Published 00:01 on March 25, 2025 / Last updated at 10:12 on March 31, 2025 / / International (Shipping), Net Zero Transition (Transport & Heating Fuels)

Carbon Pulse PremiumNet Zero Pulse

The world's 10 largest shipping companies raised record profits of around $300 billion in the last five years, but paid less than half the average corporation tax rate, according to a new report by a non-profit, which highlights the impact a potential global levy could have on climate.
The world's 10 largest shipping companies raised record profits of around $300 billion in the last five years, but paid less than half the average corporation tax rate, according to a new report by a non-profit, which highlights the impact a potential global levy could have on climate.


A subscription is required to read this content. Subscribe today to Carbon Pulse Premium or Net Zero Pulse to access our unrivalled news and intelligence, as well as other content including all job listings. Click here for details.

We offer a FREE TRIAL to each of our subscription services and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.