We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
|
|
|
Showing 5751 to 5755 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
|
| |
| |
|
