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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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Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
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