South Korean shipping major HMM has become the latest shipping line to introduce a fuel surcharge, following in the footsteps of other major lines including Maersk, CMA CGM and MSC.
HMM said the surcharge, which is to compensate the increasing fuel costs resulting from the 2020 IMO sulphur emissions regulations, will be implemented in Janaury 2019.
According to Alphaliner ranking, HMM is currently the 10th largest containerline in the world with a total capacity of 412,000 teu.
Moves by lines to impose surcharges has been strongly opposed by shippers, who claim the surcharges lack transparency and have called for greater dialogue between carriers and customers.
