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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, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
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- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
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