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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, 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 ...
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- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
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