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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$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
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- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
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