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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, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- The University of Queensland
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
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