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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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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Australian Coal Association
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
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