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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
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