Ship line will use the money to repair containers damaged during transit.
Hyundai Merchant Marine (HMM), with U.S. headquarters in Dallas, has announced a maintenance and replacement (M&R) surcharge of $65 per container for exports of scrap metal from the United States and Canada to Pacific Rim countries. The surcharge will be effective Oct. 1, 2012.
The surcharge will be added to all bills of lading on a per-unit basis regardless of the container condition at the destination. According to HMM, the fee is intended to compensate the carrier for the aggregated cost of container repairs widely associated with shipping scrap metal.
HMM operates more than 110 ocean-going ships in more than 40 sea routes to more than 100 ports of call.