Hapag-Lloyd Suspends Scrap Bookings to Thailand

Hapag-Lloyd has implemented an immediate, indefinite suspension on new bookings for specific metal and rubber scrap shipments destined for Thailand. The restriction targets HS codes 7204, 7404, 7602, and 4004, covering a range of mixed metal, aluminium, steel, and rubber scrap commodities.

The move follows the introduction of a mandatory security deposit of THB150,000 per container for these specific cargo types, effective 16 November 2026. Consignees are now required to settle this deposit directly with the terminal at least 12 hours prior to vessel arrival to ensure discharge.

The policy creates a significant operational bottleneck for shippers, as failure to meet the payment deadline will result in containers remaining on board. This shift effectively offloads the financial risk of terminal congestion and potential long-stay storage from the carrier to the consignee, while simultaneously granting the terminal greater leverage over cargo clearance.

By mandating direct payment to the terminal, Hapag-Lloyd is insulating its own balance sheet from the credit risks associated with scrap cargo, which is historically prone to abandonment or prolonged dwell times. The requirement for pre-arrival payment suggests that terminal operators are prioritizing liquidity and space management over the traditional flexibility afforded to containerized scrap importers.

Source: Container News