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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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Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
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- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
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