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Monday, 27 January 14
MERCATOR SINGAPORE REPORTS 52% INCREASE IN EBITDA FOR Q3 FY 2014 AS COMPARED TO PREVIOUS QUARTER
 COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company that operates a fleet of fourteen dry bulk vessels including thirteen owned ships focused on high growth markets such as India, Indonesia and China, according to announced financial results for the third quarter of Financial Year 2013-2014 ending 31st March 2014 (Q3 FY 2014).
Revenue at US$23.2 million is an increase of 8 per cent as compared to Q2 FY 2014 and 67 per cent as compared to Q1 FY 2014.
According to company, the EBITDA of company at USD 7.4 million an increase of 52% as compared to Q2 FY 2014 and 119% as compared to Q1 FY 2014. the company said in its press release, EBITDA margin has increased to 32% in Q3 FY 2014 from 23% in the previous quarter.
The revenue for nine months ending 31 December 2013 was at USD 58.5 million as against USD 84.2 million in the corresponding period previous year. The balance sheet has improved with a lower debt to equity ratio of 0.59 times as at 31st December 2013 as compared to 0.61 times as at 30th September 2013, company said in its press release.
The dry bulk shipping industry is continuing on its path to recovery. By the end of 31 December 2013, the Baltic Dry Index (BDI) had reached 2277 points from 896 points at the start of the financial year, Mercator says in its press release posted on its website. The market rate of Panamax vessels stood at US$ 14,556 per day on 31 December 2013 as against USD 9,238 per day at the start of the financial year. The vessel values have also strengthened significantly since the start of the financial year. The value of a 5 year old 76,000 DWT dry bulk Panamax vessel was approximately USD 26.0 million by end of Q3 FY 2014 as against approximately USD 19.0 million at the start of the financial year. All these factors indicate signs of long impending recovery in the dry bulk shipping industry.
“We are happy to see a continuous trend of improved financials on a quarter on quarter basis in this financial year. Significant improvement in market fundamentals and cost rationalization measures adopted by the Company has helped us achieve better results”, Said Mr. Shalabh Mittal, Managing Director and Chief Executive Officer of Mercator,
About Mercator Lines (Singapore) Limited
Mercator, which commenced operations in 2005, has established a market presence in the dry bulk transport market, specializing in the transportation of dry bulk commodities such as coal, iron ore and grains.
Mercator operates a fleet of fourteen dry bulk vessels, thirteen owned and one chartered-in, comprising of geared and gearless Panamaxes/Post Panamaxes/Kamsarmaxes with an aggregate capacity
of about 1.1 million dwt as on December 31, 2013.
Its ultimate parent company, Mercator Limited (“ML India”), has diversified business interests in Coal, Oil & Gas services, Commodity Transportation and Dredging. ML India owns and operates Coal Mines in Indonesia. Coal Mining, procurement and logistics contribute more than 50% of Mercator group revenues.
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Tuesday, 28 January 14
RESOURCE NATIONALISM OR PROTECTIONISM FOR THE MINING AND EXTRACTIVES INDUSTRY - JOHN WHITTAKER & MICHAEL SWANGARD
Resource nationalism or protectionism for the mining and extractives industry as well as soft commodities sector and the oil industry.
‘Res ...
Tuesday, 28 January 14
DRY BULK SHIP OWNERS RETREAT TO OLD 'HABITS', REFUSING TO DEMOLISH OLD VESSELS, THREATENING MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
If one thing is clear as we reflect on the 2013 shipping markets, it's that ship owners took advantage of low prices, in order to acquire newer ton ...
Monday, 27 January 14
13TH CLEAN COAL FORUM 2014
COALspot.com: (Press Release) - Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12 &13 2014 in Beijing, China. We a ...
Monday, 27 January 14
Q3 & Q4 API 8 CFR SOUTH CHINA COAL SWAPS CONTINUE TO REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.45 percent month on month and closed at US$ 79.05 per mt as on Frid ...
Monday, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
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- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
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- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
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- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
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- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
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- Cement Manufacturers Association - India
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- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
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- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
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- Wilmar Investment Holdings
- Planning Commission, India
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- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
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