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Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
 The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to deal with the future of its business there.
A source said the sale was a result of cabotage laws in Indonesia and the current trend where large coal mines were moving to take control of the logistics of shipping coal.
The buyer, said to be involved in the coal business, would become a strategic partner for Scomi Marine’s business in Indonesia.
“A big boy in the business is coming in,” said the source.
The marine logistics business of Scomi Marine primarily involves the transportation and provision of logistics support for major coal producers in Indonesia.
According to its annual report, the company carried almost 28 million tonnes of coal in 2009, 3% lower than in 2008 due to the slowdown in coal demand.
Scomi Marine yesterday halted trading in its stock on Bursa Malaysia until the close of trading on Tuesday.
The company said in a filing the suspension of trading was to facilitate a material corporate exercise involving a substantial transaction which would entail the disposal of certain subsidiaries of the company.
No further details were given. The stock closed up 2.5 sen yesterday at 43 sen after surging nearly 18% this week.
Scomi Marine has an 80.54% stake in PT Rig Tenders Indonesia Tbk, a company listed on the Jakarta Stock Exchange.
According to its website, Rig Tenders is involved in the chartering of tugs and barges to transport coal and other bulk aggregates as well as chartering of supply vessels, work-over and accommodation barges to support the offshore oil and gas industry.
Rig Tenders currently owns and operates a fleet of 53 vessels consisting of 10 supply vessels, 25 tug boats, two accommodation/work-over barges, nine flat-top barges and seven self-discharging barges. It has 491 personnel, including 437 contractual workers.
For its first quarter ended March 31, Scomi Marine’s net profit nearly doubled to RM21.9mil from RM11.1mil in the previous corresponding period.
Revenue was marginally lower at RM102.8mil compared with RM110.4mil previously.
In April, Scomi Marine completed the sale of a 29.07% stake in Singapore-listed CH Offshore Ltd for S$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- PTC India Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
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