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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$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
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- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Planning Commission, India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
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