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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, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- The University of Queensland
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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