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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, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
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