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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, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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