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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, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
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