We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
|
|
|
Showing 5311 to 5315 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Planning Commission, India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
|
| |
| |
|
