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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$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
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