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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, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
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