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Shi.E.L.D. sees transhipment growth in Vietnam on rising coal imports

Vietnam’s increasing coal import volumes and shallow draft at bulk ports are fueling demand growth for the transhipment sector, according to transshipment logistics firm Shi.E.L.D. Services.

“We see great opportunities in Vietnam as manufacturing and industrial economy continues to growth, demand for coal for power stations will continue to increase,” said Corrado Cuccurullo, ceo of Shi.E.L.D.

Vietnam’s coal imports rose 108% from January to July this year, compared to the same period in 2018. For the first seven months this year, 23m tonnes of coal worth $2.17bn were imported into Vietnam, according to the country’s general department of customs.

Coal imported during the first seven months exceeded the amount imported during all of 2018 by about 57,000 tonnes.

In addition, given the draught restrictions in many of the ports in Vietnam, there will be strong demand for experienced transhipper operators, Cuccurullo said.

“We have successfully managed extremely complex logistics projects and handled a full range of dry bulk materials – coal, bauxite, iron ore, sulphur to name a few in Indonesia and around the world, overcoming logistic restrictions and creating value for our clients,” he added.

Read more: Shi.E.L.D. seeks opportunities in Indonesian coal transhipment market

Apart from Vietnam, Shi.E.L.D. is also seeing new opportunities in Indonesia’s coal transhipment business, as the company looks to expand in the Southeast Asia region.

Milan-headquartered Shi.E.L.D., a spin-off of Coeclerici Logistics, operates in the offshore logistics sector for dry bulk materials and technical vessel and crew management.