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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, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Minerals Council of Australia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
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