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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, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- VISA Power Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
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