Shi.E.L.D. Services, the transhipment logistics leader, is seeing growing potential in the Vietnam coal sector as imports rose 108% from January to July this year, when compared to the same period in 2018.
Speaking ahead of the Emerging Asian Coal Markets conference in Ho Chi Minh City, Vietnam, Corrado Cuccurullo, CEO of Shi.E.L.D. said that given the draught restrictions in many of the ports in Vietnam, there will be strong demand for experienced transhipper operators.
“We see great opportunities in Vietnam as manufacturing and industrial economy continues to grow, demand for coal for power stations will continue to increase.
“We have successfully managed extremely complex logistic projects and handled a full range of dry bulk materials – coal, bauxite, iron ore, sulfur to name a few in Indonesia and around the world, overcoming logistic restrictions and creating value for our clients,” said Cuccurullo.
For the first seven months of the year 23 million t of coal worth US$2.17 billion were imported into Vietnam, according to the country’s General Department of Customs and reported in Vietnam News.
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.