Asia scrap market slumps on vessel quarantine, weak demand

February 06, 2020 / www.metalbulletin.com / Article Link

The Asian scrap market is resting in a mid-week slump on Wednesday February 5 on the back of a string of Wuhan coronavirus-related fears.

Shippers are now awaiting more announcements of mandatory quarantine periods - of up to 14 days - for vessels inbound to discharge ports.
Key northern Vietnam port Hai Phong has stipulated that any vessels that have visited Chinese ports (excluding Hong Kong) in the 14 days leading up to February 4, will have to conduct quarantine at an anchorage area, according to an official document seen by Fastmarkets.
Other major ports in Vietnam such as Cai Mep, Da Nang, Cai Lan and Phu My have similar measures, as well as disinfecting vessels and the supervision of garbage disposal.

"Ship crews are also...

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