Dive summary:
- Hyundai Merchant Marine will add a $65 surcharge to every container of scrap metal exported from the United States and Canada beginning October 1, 2012.
- HMM is responsible for more than 110 ships that take scrap metal to more than 100 ports around the world for disposal.
- The increase comes due to maintenance and repair of the shipping containers, which face a lot of damage from the scrap metal.
From the press release:
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. ...