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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$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
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- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
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