We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
|
|
|
Showing 6226 to 6230 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Planning Commission, India
|
| |
| |
|
