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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Minerals Council of Australia
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
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