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Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES


Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing  a 1.5 folds increase in revenue this year from Rp4.2 trillion last year.

Referring to the targer, the revenue is expected to reach Rp6.3 trillion. The higher revenue will be fully underpinned by expansion to jack up coal production, said ABM President Director Andi Djajanegara.

In the first half of this year, ABM booked Rp1.2 trillion revenue with the biggest contributor remains a mining contractor dubbed PT Cipta Kridatama.  Cipta Kridatama has secured seven mining contracting project worth US$700 million-US$1 billion. "We will get two or three other contracts next year,he said.

ABM Investama owns coal miner PT Reswara Minergi Hartama which operates two concessions in Kalimantan and Aceh. Coal production may reach 2,7 million tons this year and target 66%-103% increase to 4.5 million tons-5.5 million tons. During the first debut in the stock market, ABM Investama inched up 2% to Rp 3,825 per share.
Source: Insider Stories



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Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...


Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...


Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...


Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...


Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...


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