The company said that the surcharge would be introduced in
January 2019 as a means of compensating for the rising fuel costs stemming from
the 2020 low-sulphur fuel regime.
The 2020 sulphur regulation, which will ban ships from using
any marine fuel with a sulphur content above 0.5 pct as of January 1, 2020, is
expected to impose a heavy burden on owners as the annual fuel costs for the
shipping industry are likely to jump by up to USD 60 billion, including by USD
10 billion for the containership sector alone.
As a result, liner companies are transferring a huge portion
of the operating costs to shippers, a move which has not been warmly welcomed.
HMM is following in the footsteps of OOCL, Hapag-Lloyd, MSC,
CMA CGM and Maersk Line.