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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, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
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