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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$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
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- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Australian Coal Association
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Parliament of New Zealand
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Planning Commission, India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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