"I'm working to divert my containerized scrap cargoes to other ports in Asia because the new regulations do not allow transshipment," a trader in East Asia said.
Regulation 84/2019 as seen by Fastmarkets stipulates that ferrous scrap imports must be shipped directly from the exporting country, and cargoes are not allowed to be transhipped through other countries. The registered seller also must be in the same country where the ferrous scrap is exported from. Any shipment landed by way of transshipment has to be re-exported.
The discharge of scrap imports is now restricted to just the ports of Tanjung Priok in Jakarta, Tanjung Emas in Semarang, Tanjung...
