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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
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- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
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- Star Paper Mills Limited - India
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- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
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- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Port Waratah Coal Services - Australia
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- Leighton Contractors Pty Ltd - Australia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- The University of Queensland
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
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- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
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- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
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