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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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Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
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- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
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- OPG Power Generation Pvt Ltd - India
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- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
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- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- PTC India Limited - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
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